Lehman Brothers UK Cap Fdg II LP Notice to Holders of Preferred Securities (1834Y)
December 01 2017 - 10:00AM
UK Regulatory
TIDM49AC
RNS Number : 1834Y
Lehman Brothers UK Cap Fdg II LP
01 December 2017
NOTICE TO THE HOLDERS OF:
EUR 250,000,000 EURO FIXED RATE GUARANTEED NON-VOTING,
NON-CUMULATIVE PERPETUAL PREFERRED SECURITIES ("LP II
Securities")
ISSUER: LEHMAN BROTHERS UK CAPITAL FUNDING II LP ("LP II")
ISIN: XS0229269856
LIQUIDATION OF LB GP NO.1 LTD ("the Company") AND IMPLICATIONS
FOR HOLDERS OF LP II SECURITIES
THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST
TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES.
IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER
INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE
RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY
MANNER.
Solicitors acting for the Joint Administrators of LB Holdings
Intermediate 2 Ltd ("LBHI2") and Lehman Brothers Holdings Plc
("LBH") have recently provided to the Company's Joint Liquidators
bundles of core documents relating to the subordinated creditor
claims against LBHI2 and LBH ("the Subordination
Documentation").
The Joint Liquidators have been invited to express their views
on the relative ranking of the subordinated claims against LBHI2
and LBH, which may affect the extent to which funds may flow to the
holders of the LP II Securities. Please see sections 4.12 to 4.16
of the Joint Liquidators' Notice dated 13 November 2017 for further
details in relation to the subordinated claims. The Joint
Liquidators' legal team is currently reviewing the Subordination
Documentation. The Joint Liquidators have collated copies of
certain key documents ("the Key Documents") contained within the
Subordination Documentation bundle and these are available for view
here:
http://www.rns-pdf.londonstockexchange.com/rns/1834Y_1-2017-12-1.pdf
http://www.rns-pdf.londonstockexchange.com/rns/1834Y_2-2017-12-1.pdf
The Joint Liquidators have not made any determination as to
whether any of the information contained within the Key Documents
constitutes material non-public information. To prevent selective
disclosure of the information contained within the Key Documents,
the website links above are accessible by any person (whether or
not a verified holder of the LP II securities) and this notice is
being published through the relevant stock exchanges as well as via
the clearing systems and other public platforms.
Dated: 1 December 2017
This notice is given by
Bruce Alexander Mackay
RSM Restructuring Advisory LLP
as Joint Liquidator of LB GP No.1 Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
END
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