Joint Third Distribution, Third True-up Distribution and Catch-up Distribution – 29 May 2015
Following the preliminary announcement of the Joint Third Distribution, Third True-up Distribution and Catch Up distribution on 16th March 2015, the Joint Administrators are pleased to announce that this Common Terms Distribution will be made on or around 25th June 2015. The distribution will include the release of all reserves in respect of U.S. federal income tax liabilities.
The Third Distribution will be for an amount equal to a further 4.349405479198 % of Consenting Beneficiaries’ aggregate Best Claims value.
This will be the final Common Terms Distribution from the Omnibus Trust.
No Shortfall Claims
LBIE hereby notifies all Consenting Beneficiaries that no 19/9 Shortfall Claims have arisen, and therefore no Shortfall Claim Determination Notices will be issued.
Key Dates
The relevant dates for the proposed Common Terms Distribution are as follows:
| Notice of Distribution | 29th May 2015 |
| Proposed Distribution Date | 25th June 2015 |
Contact us
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659
