Insolvency Notices

Company

REYKER SECURITIES PLC

Notice Type
Other Corporate Insolvency Notices
Publication date
10/03/2020
Edition
The London Gazette
Notice ID
3517406
Notice Code
2408

In the IN THE HIGH COURT OF JUSTICE, BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES, COMPANY AND INSOLVENCY LIST (CHD)

Court Number: CR-2019-006671

REYKER SECURITIES PLC

01747595

The Investment Bank Special Administration Regulations 2011 (“Regulations”)

The Investment Bank Special Administration (England and Wales) Rules 2011 (“Rules”)

NOTICE OF CLIENT MONEY BAR DATE IN ACCORDANCE WITH REGULATIONS 12A AND 12E OF THE REGULATIONS

Mark Christopher Ford, Adam Henry Stephens and Henry Anthony Shinners of Smith & Williamson LLP, 25 Moorgate London, EC2R 6AY, were appointed as Joint Special Administrators (“JSAs”) of the Company on 8 October 2019 pursuant to an application made by Adrian Barnwell and Katie Ellenor McGinley, directors of the Company, under Regulation 5 of the Regulations.

Notice is hereby given in accordance with Regulations 12A and 12E of the Regulations, as follows: 1. Under Regulations 12A and 12E of the Regulations, the JSAs consider it necessary, in order to return client money held pursuant to the client money rules of the Financial Conduct Authority (“FCA”) (“Client Money”), to set a bar date of 17.00 hours (GMT) on 7 April 2020 (“the Client Money Bar Date”). 2. The Client Money Bar Date represents the deadline by which clients are required to submit a claim to register their claim(s) for Client Money (“Client Money Claim”). 3. Notices were issued to all known clients on 6 March 2020, enclosing details of how to register their Client Money Claim as outlined above. 4. The purpose of the Client Money Bar Date is to allow the JSAs to commence the process for transferring Client Money. This is most likely to be done by way of a single transfer to the proposed purchaser of the Company’s business and assets. 5. This notice relates only to Client Money and not to Custody Assets. A separate notice will be issued in relation to Custody Assets. 6. This notice will be: i. Made available to all clients of Reyker who the JSAs are aware, from the Company’s books and records, may have a claim for the return of Client Money and have a means of contacting them; ii. sent to any parties whom the JSAs believe have a right to assert a security interest over, or other entitlement to the Client Money; iii. placed into the London Gazette and advertised in both the Times and Times International; iv. sent to the FCA; v. sent to the Financial Services Compensation Scheme (“FSCS”); and vi. placed on the dedicated Reyker webpage of the Smith & Williamson LLP website.7. If you believe that you have a Client Money Claim, please follow the instructions sent to all known Clients (insofar as possible) in our letter dated 6 March 2020 and as set out in our guidance note which is available to view at https://smithandwilliamson.com/en/services/restructuring-and-recovery-services/reyker-securities-plc/8. Following the Client Money Bar Date, once the JSAs have transferred Client Monies to any purchaser, a Client who has not submitted a Client Money Claim will not have any right to dispute the amount of Client Money that has been transferred to a purchaser and is held for them. 9. Unless otherwise sanctioned by the Court, every claimant who submits a claim for Client Money must bear the cost of making the claim in accordance with Regulation 12F of the Regulations, including but not limited to, providing additional documentation or supporting evidence. 10. Receipt of this notice does not guarantee that you have a Client Money Claim or are otherwise entitled to receive a distribution of Client Money. 11. Any general queries in relation to this notice should be directed to 0800 048 9512 or clientservices@reyker.com. For specific advice relating to the scope and effects of the notice, you should consult your own legal or professional adviser.

Mark Ford, Joint Special Administrator, For and on behalf of the Company

6 March 2020

Ag QG120880