RE: Stick or twist?16 Dec 2021 17:49
Hi forbes. Short answer is no. The £3 per share will be paid out of cash held by the company - the payment date for that was announced today after the vote - 30 December 2021. The share price has fallen today by a similar amount because the "ex" date was today (i.e. anyone buying after today is excluded from that payment).
You can still sell your shares if you wish, and will still get the £3 per share cash payment, as I understand it, provided you owned the shares today. If you don't want to sell, the plan is for there to be further cash payments (and corresponding reductions in the share price) over the next two years - you can sell at any point during that time, same as normal.
So your choice is probably to sell up now to get the cash in one lump, or hold on and get it in dribs and drabs, hoping to get slightly more in the long term. The new investment managers have said most of the disposals of assets are likely to happen in 2023.
Bear in mind I am not an expert, just giving my understanding. Good luck!