FIF.L Share Price (FIF)

Just checked. Funds from FIF sale now in my account!!!!

Anybody had their money from the sale yet? or is my Broker dragging their heels! It was due to be paid within 14days of 18th Oct so by Monday?

I have my eye on some Burberry Shares as a recovery punt, but may 'miss the boat' if FIF money is delayed.

Many thanks Samson123

Payment will be issued to entitled shareholders upon receipt from the company. Payment is expected to be issued within 14 days of the effective date.

"As an alternative to the cash offer, Frisbee Bidco are offering a share alternative, on the basis of 1 non-voting B Ordinary 'Consideration' share in Frisbee Bidco Limited in exchange for each Finsbury Food Group share. The Consideration shares are ineligible to be held on our platform. Clients who wish to take up the alternative share offer in their own name must submit a request to withdraw their shares by 18th October 2023 at the latest, however such requests will be handled on a best endeavours basis and we cannot guarantee they will be completed in advance of the market deadline."

Unless you applied for these shares you will get cash.

Cash will be in your account between 16th and 30th (or cheque if held in paper) Finsbury will be cancelled (not tradeable) from 7.30 am on 16th. My brokers will not hold these type of shares so I didn't apply for them.