Update - LBIE admitted claims auction results - 12 May 2016
On 4 April 2016, the Joint Administrators announced the launch of the LBIE admitted claims auction (“LACA”) which successfully concluded today, 12 May 2016 at 4pm with circa £230 million worth of admitted claims participating.
LBIE is now pleased to confirm the clearing price of each pool as follows:
| Clearing Price (%) | Reserve Price (%) | Approximate Pool Size (£m) | |
|---|---|---|---|
| USD | 47.031 | 38.000 | 150 |
| EUR | 41.220 | 36.000 | 65 |
| Other | 38.508 | 35.000 | 15 |
Please note it is anticipated the LACA transfer date will be 18 May 2016 with a settlement date of 20 May 2016.
No further general announcements will be made on the LACA.
Should you have any queries regarding this update, please contact LBIE’s Communications and Counterparty Management team at generalqueries@lbia-eu.com.
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