CVA Supervisors’ update to creditors.
We are pleased to confirm that the Challenge Period has now ended and that no challenge has been served on the Company by any creditor.
Shortly before the Final Claims Date, new claims, which may be material, were received from a claimant by the Supervisors. The Supervisors are currently, along with their legal advisors, reviewing the claimant’s proofs in order to ascertain the legal merits of the underlying claims. Where appropriate, discussions are being held with or further information is being requested from the claimant so that the Supervisors can determine the appropriate next steps to take. The Supervisors will revert with an update when a decision has been taken as to the declaration of the Implementation Date.