Brief: Link Administration Updates On Link Fund Solutions Scheme

Link Administration Holdings

13/10/2023 02:18

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

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