Can someone explain what's happening at Friends Prov?

[Tyre Smoke]

I've received a load of paperwork about voting at a General Meeting. Usually I just skim read the prospectus about re-electing the board, etc. This time I've got something I frankly have no idea about regarding a demerger and another form about retaining my Nominee Holding in F+C management.

Now as far as I can understand, Friends Prov are going to take themselves back into private ownership/selling themselves to a private company and I am going to get a cash value for my (410) FP shares or I can hold onto them and get a 1:10 ratio in the new company - but what will they be worth?

Can anyone explain in simple terms what's going on?

[Tyre Smoke]

You can email me via here or via www.parkwaytaxis.com

It's not my meter. It, along with the trade plates I had at Cheddar are courtesy of Dulford Automotive.

[Tyre Smoke]

Certainly not the June one. The July one is also looking flaky as I've got relatives staying in July, but not sure when.

[Tyre Smoke]

Thanks Fandango!

So in over simplified terms, I'll be getting a small cash sum for 41 F+C shares whilst still retaining 410 FP.