Update – Announcement of the proposed scheme of arrangement, pursuant to Part 26 of the Companies Act 2006, for a full and final settlement in respect of surplus entitlements and the payment of statutory interest – Witness Statement of Russell Downs - 12 June 2018

Further to the announcement made on 6 June 2018 (a copy of which can be accessed here) in which the Joint Administrators informed creditors that LBIE would be seeking the sanctioning by the High Court of its proposed scheme of arrangement at a hearing scheduled to be held on 13 June 2018, the Joint Administrators have today filed at the High Court the Third Witness Statement of Russell Downs, a copy of which can be accessed here.

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