Update - Scheme Parties – Notice of extension of deadline - 17 August 2018 at 3.30pm

The Joint Administrators refer to the Scheme of Arrangement between Lehman Brothers International (Europe) (in administration) and the Scheme Creditors, effective 20 June 2018.Capitalised terms in this notice have the same meaning as in the Scheme unless otherwise specified.

Pursuant to clause 43 of the Scheme, the Company has determined that, where a Certifying Creditor provides requested additional information to the Company pursuant to clause 11.8 of the Scheme, the deadline for the Company to take one of the actions described in clauses 11.2.1 to 11.2.3 following receipt of such information shall be extended from 10 Business Days to 25 Business Days. For the avoidance of doubt, there shall be no change to the Company’s obligation to promptly notify the relevant Certifying Creditor of such decision by way of a Decision Notice. 

This web update constitutes a Notice to all Scheme Parties pursuant to clause 41.4.1.

If you have any questions in relation to the above, please contact the Joint Administrators by email to schemequeries@lbia-eu.com.