Brief: Link Administration Updates On Link Fund Solutions Ltd Scheme

Link Administration Holdings

15/12/2023 01:17

Dec 15 (Reuters) - Link Administration Holdings Ltd
 LNK.AX :
    * UPDATE ON LINK FUND SOLUTIONS LTD (LFSL) SCHEME
    * WORK IS ONGOING TO VERIFY VOTES CAST AT SCHEME MEETING
    * LFSL WILL NOW ASK COURT TO SANCTION SCHEME AT A SECOND
COURT
HEARING ON 18 JANUARY 2024
    * OF SCHEME CREDITORS WHO VOTED, ABOUT 93.7% IN NUMBER,
REPRESENTING ABOUT 96.1% IN VALUE, VOTED IN FAVOUR OF LFSL
SCHEME
    * IF THE SCHEME IS NOT SANCTIONED AND THE SETTLEMENT IS
TERMINATED, LIABILITIES RELATING TO THE WEIF REMAIN WITHIN LFSL

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