Following the Joint Administrators' announcement dated 16 January 2019, a copy of which can be found here, the Joint Administrators have made an additional distribution to the subordinated creditor given the further progress made in the administration generally.
This brings the total distributed to date to the subordinated creditor, in respect of its subordinated debt for both principal and interest, to £1,892m.
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659