LNK 0.00% $2.09 link administration holdings limited

Ann: Update on the sale of Fund Solutions and expected impairment, page-18

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  1. 3,238 Posts.
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    "The up to £235 million in redress includes LFS’s assets (cash, capital resource and potential insurance proceeds), plus the proceeds from the sale of Link Group’s Fund Solutions business. "

    Insurance as you said in a later post is about £47M and sale price of LFS is £140M Pounds, so that's another £60M they need to fund from cash?

    Is that a reasonable result? Hope so, and we don't have this uncertainly weighing us down.
 
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