It will be part of likely settlement deal with the UK FCA.
Money from sale will be set aside for Woodford Compensation Fund. Otherwise FCA will not provide a change of control regulatory approval.
If FCA does not settle with LNK, it will be a long time before any money would go to Woodford investors.
- Forums
- ASX - By Stock
- LNK
- News: LNK Link Administration To Explore Divestment Of Link Fund Solutions Business
News: LNK Link Administration To Explore Divestment Of Link Fund Solutions Business, page-10
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
GML
Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla
TG1
TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit