Insolvency Notices

Company

LEHMAN BROTHERS (PTG) LIMITED

Notice Type
Notice of Intended Dividends
Publication date
28/12/2016
Edition
The London Gazette
Notice ID
2672323
Notice Code
2406

LEHMAN BROTHERS (PTG) LIMITED

04108157

IN ADMINISTRATION

NOTICE OF INTENDED DIVIDEND PURSUANT TO RULE 2.95 OF THE INSOLVENCY RULES 1986

Notice is hereby given pursuant to Rule 2.95 of the Insolvency Rules 1986 that the Joint Administrators of Lehman Brothers (PTG) Limited (“LB PTG”) intend to make a distribution (by way of paying an interim dividend) to the preferential creditors (if any) and to the unsecured, non-preferential creditors of LB PTG.

Proofs of debt may be lodged at any point up to (and including) 31 January 2017, the final date for proving claims, however, creditors are requested to lodge their proofs of debt at the earliest possible opportunity.

Persons so proving are required, if so requested, to provide such further details or produce such documents or other evidence as may appear to the Joint Administrators to be necessary.

The Joint Administrators will not be obliged to deal with proofs lodged after the final date for proving but they may do so if they think fit.

The Joint Administrators intend to make such distribution within the period of two months from the final date for proving claims.

For further information, contact details, and proof of debt forms, please visit http://www.pwc.co.uk/services/business-recovery/administrations/lehman/lbptg-limited-in-administration.html. Please complete and return a proof of debt form, together with relevant supporting documents, to PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT marked for the attention of Harmeet Harish. Alternatively, you can email a completed proof of debt form to lehman.affiliates@uk.pwc.com.

Rule 2.95(2)(c) of the Insolvency Rules 1986 requires the Joint Administrators to state in this notice the value of the prescribed part of LB PTG’s net property which is required to be made available for the satisfaction of LB PTG’s unsecured debts pursuant to section 176A of the Insolvency Act 1986. There are no floating charges over the assets of LB PTG and accordingly, there shall be no prescribed part. All of LB PTG’s net property will be available for the satisfaction of LB PTG’s unsecured debts.

Dated: 28 December 2016

DA Howell, AV Lomas, SA Pearson, GE Bruce and JG Parr