What is the Cash-out Procedure?
It is intended that FP Shareholders who are not US Persons and who hold 2,500 New Ordinary Shares or less at the Demerger Record Time would receive 250 F&C Shares or less pursuant to the Demerger and will not receive these F&C Shares unless they actively elect to do so by completing and returning the Green Form of Election. Instead, it is intended that the Company will appoint an agent or agents to sell these shares on such FP Shareholders’ behalf in the market and the relevant FP Shareholders will, instead of F&C Shares, receive the cash proceeds of such sale as soon as reasonably practicable. The price at which such F&C Shares are sold will depend upon market conditions and the proceeds of sale may be less than the prevailing market price of the F&C Shares prior to the Demerger. There can be no guarantee of the time period within which the F&C Shares will be sold or that they will be able to be sold. The proceeds of sale are expected to be despatched within five business days after s
