RE: RNS16 Jan 2024 17:57
So seems the notification from HL was wrong, here's the response I received back from the liquidators.
Good afternoon,
Apologies for the delay in my response.
It appears that the letter that you received from Hargreaves Lansdown has mistakenly suggested that there is cash available in the liquidation. Please see the enclosed statement of affairs in which you can see that this is not the case. Whilst the Joint Liquidators intend on verifying the information provided within the statement of affairs now that they have been appointed, at the moment it appears that there is no cash available and therefore there will be no distributions made to shareholders.
In addition to this, you will appreciate that any distributions made to shareholders, such as yourself, will rank after any dividend paid from available assets to creditors with admitted proof of debt claims. This makes it therefore highly unlikely that you will receive any distributions.
I appreciate that this is not the news that you had expected, however I trust that this has sufficiently explained the situation.