Flybe Group has been left as an empty shell & is not anticipated that after meeting costs there will be any remaining funds available for shareholders the company has stated.
Shareholders are set to vote on a scheme by which Connect Airways will make a payment amounting to £0.01 per share to acquire the entire capital of the Flybe Group for which they have been strongly advised to vote in favour or otherwise probably receive no value for their shares in the now empty company.
Voting in favour will result in the company being de-listed by 11.3.
Voting against will probably result in the Flybe Group being wound up by the Directors.
Reports...