Friday Briefing: What next for Woodford investors?

Results of the vote

The question leading into Wednesday’s vote on the scheme of arrangement for Woodford investors was whether exhaustion outweighed anger.

Just after 3pm Friday 15 November, we learnt that 1,656 days since suspension was a few too many. Of the roughly 300,000 investors who held the fund when it was suspended, slightly more than 54,000 participated in the vote. Woodford scheme of arrangement approved From these, 93.7% by number and 96.1% by value voted to approve the scheme and begin to draw a line under the sorry affair. (An interesting note, presented without comment: This means around 3,400 investors voted against the scheme, despite roughly 20,000 claimants registered with the Leigh Day and Harcus Parker claims ...