RE: RE: FAO Investors8 Feb 2023 15:51
Just got this email from Hargreaves’s Lansdown….nothing really new…
Further to our email sent on 19 January 2023, we would like to update you on the return of capital announced by Hurricane Energy plc. We previously advised that the proceeds were expected to be paid on or around 1 February 2023.
On 2 February 2023, Hurricane Energy plc announced the following: "The registering of the court order with the Registrar of Companies will complete the Reduction of Capital process, which allows the Company to make capital returns to shareholders. The completion of the process does not itself automatically trigger a capital return and, as previously announced, the next steps in terms of timing and exact quantum of a return of capital to shareholders will be decided in conjunction with the ongoing Formal Sales Process and we look forward to updating shareholders in due course." (Hurricane Energy plc, 02 February 2023).
Following this announcement, we are now awaiting a further update as to when to expect to receive the return of capital proceeds. If there is sufficient time following the announcement of a timetable ahead of the receipt of the proceeds, we will communicate this to you. However, if not, please be assured that upon receipt of the cash we will add this to your account without delay. We will contact you following the return of capital to confirm how your portfolio has been affected.