Just searched with Google Chrome and - yeah - the link has been removed. Furthermore, I tried accessing the cached version by clicking the arrow pointing down just below the link but that's been removed too. Been a lot of that sort of thing about when it comes to hibu of late. Interesting - why place it in the public domain in the first instance only to then go through the hassle of clearing the cache (not that I know what's actually involved in doing that but I reckon it'd be a hassle!). Anyway, almost time for me to call it a day. Good luck all holders.
They don't give much away but she had to check wih her manager who wasn't available so i had to ring back. I have rang before and yes i think they choose their words carefully.
I am surprised at how little info has leaked but then in a few of the articles i have read online whilst researching schemes of arrangement they have highlighted how important it is that information does not leak so can't say i am surprised.
I guess the lady thought you were asking a general question and not one specifically relating to a D4E, as creditors surely wouldn't opt to run whatever they decide by us just to see if we're cool with it if they don't have to! Did you get the impression they're (Investor Relations) a 'tight leash' by the way? It really is remarkable that nothing AT ALL has leaked over the past year given the scale of the restructuring. Almost as if talks have not actually been taking place - certainly not between 300 creditors (or however many it is)!
Just to advise we are expecting the website to be available within the next few days. The Solicitor will be advising me of confirmed holdings so far either today or tomorrow. I will then run this until the end of the month and then close it off.
Holders who have registered their holdings already will shortly receive website log in details so that the can access the shareholders forum.
We have been receiving some very useful information that I feel will be of great help to the group going forward. I have been very pleased with the support the group has had since I initially requested holders details last month.
I have reported news from www.capital-structure.com here on three occasions and every time their reporting has been 100% accurate. Here is what they have reported today:
The hibu senior lender committee and management are finalising a term sheet for a lender-led restructuring that would currently see debt reduced by STG 685m (to STG 1.5bn) and lenders take the bulk of post-restructuring equity. Post-restructuring the capital structure would comprise a STG 580m four-year cash pay tranche paying 5.00% and a STG 920m.......
That is all I could cut and paste from their headlines. If anybody have an account with them then please tell us more!
Its a lenders-led restructuring means there is no reason that why they wouldn't agree to it Debt is reduced to 1.5 bln, nearly 685mls is wiped out Bulk of post-restructuring equity will be owned by lenders.... BULK not ALL 580 mln of remaining 1.5bln to be paid over 4 years @5%.... cant get info on remaining 920mln but I am sure there is plan for that too
This goes way beyond even hibu but its a factor caused by hibu's of this world. Look banks are just not lending. Even if you have an annual income of in excess of £100K banks will turn you down for a poxy £10k loan - chicken feed right? Not really, underwriters have set the lending criteria so high and rating agencies are paranoid beyond reason with setting the bar too high.
This is all cause and effect for what has occurred over the past 5 years. Business can't expand or invest due to this credit crunch. Jobs are 200 for a penny as a result.
This is because private investors are pulling up the draw bridge.... markets are not what they use to be... sad state of affairs really..
well, I'm off... pulling the plug on this system and just taking life easy nowadays... you lot might as well do the same.. just shut down and turn off.
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