Oct 13 (Reuters) - Link Administration Holdings Ltd (LNK) :...

Oct 13 (Reuters) - Link Administration Holdings Ltd (LNK) :

• UPDATE ON LINK FUND SOLUTIONS LTD (LFSL) SCHEME
• PRACTICE STATEMENT LETTER SENT TO WEIF INVESTORS ON 7 SEPTEMBER
• PSL NOTIFIED WEIF INVESTORS OF FORMAL LAUNCH OF SCHEME AND PROVIDED DETAILS ABOUT KEY TERMS OF SCHEME
• FIRST COURT HEARING IN RELATION TO SCHEME TOOK PLACE ON 10 OCTOBER 2023 WITH JUDGMENT HANDED DOWN ON 12 OCTOBER
• COURT GAVE LFSL PERMISSION TO CALL SCHEME MEETING AND PROVIDE SCHEME CREDITORS WITH DETAILED INFORMATION ABOUT SCHEME
• ANTICIPATED THAT SECOND COURT HEARING WILL TAKE PLACE ON 18 JANUARY 2024
• CURRENTLY ANTICIPATED THAT SCHEME MEETING WILL TAKE PLACE ON 13 DECEMBER
• EXPECT THAT SCHEME WILL BECOME EFFECTIVE VERY SOON AFTER SECOND COURT HEARING, IF COURT APPROVES SCHEME