Cut from Rns on 04Feb21 Feb 2019 13:30
Following completion of the SPA, the Company will be a non-trading entity with no subsidiaries and no material assets other than the cash remaining from the £2.8 million consideration received under the SPA, which will be required to cover transaction costs and residual and rundown costs of the Company. It is anticipated that, after meeting these costs, there will not be any remaining funds available for distribution to shareholders.
Separately, Flybe shareholders will be receiving materials in relation to the scheme of arrangement which will effect the recommended offer of 1 pence per share made by Connect Airways for Flybe Group plc on 11 January 2019. The scheme document and related materials are expected to be posted to shareholders in the near future and there will be a shareholder meeting to vote on the scheme of arrangement not less than 21 days thereafter.
Based on the above still another 3 to 4 days left for this to happen. So I’d say tomorrow will be the final day to stay or come out of this share. Might see a jump on sp either today or tomorrow before this is over. Amo