Other Notices
CREDITOR SCHEME OF ARRANGEMENT
In the High Court of Justice, Business and Property Courts of England & Wales.
VTB CAPITAL PLC (IN ADMINISTRATION), c/o Teneo Financial Advisory Limited, The Carter Building, 11 Pilgrim Street, London, EC4V 6RN (Company number: 00159752) (the “Company”)
The Company intends to propose a scheme of arrangement pursuant to Part 26 of the Companies Act 2006 (the “Scheme”).
The primary objective of the Scheme is to facilitate the distribution of the Company’s assets as quickly and efficiently as is reasonably practicable to its creditors by, among other things, compromising certain creditor rights. The Scheme will affect the rights of any person who is or claims to be a creditor of the Company in respect of a claim that is provable in the Company’s administration or any subsequent liquidation (the “Scheme Creditors”).
A copy of the Practice Statement Letter which contains important information in relation to the Scheme, is available for download on the Administration Website via the web address given below.
Any Scheme Creditor who has not yet obtained a username and password for the Administration Website, and any shareholder who would like further information about the Scheme, should contact the Company’s Joint Administrators, whose contact details are given below. The Practice Statement Letter is also generally available for inspection by Scheme Creditors and shareholders at the offices of the Joint Administrators during business hours and on working days (in London) at the address given below.
The Company intends to apply to the High Court of Justice of England and Wales at the Royal Courts of Justice, Rolls Building, Fetter Lane, London, EC4A 1NL, United Kingdom, at a hearing on 1 July 2024, for permission to convene the necessary meeting of Scheme Creditors to consider and, if thought appropriate, approve the Scheme (with or without modification) (the “Scheme Convening Hearing”).
Scheme Creditors will be notified of the time (and any change of date) on which the Scheme Convening Hearing will take place through an announcement on the Administration Website.
Contact details for the Company and the Joint Administrators:
Stephen Roland Browne (IP No. 9281) and David Philip Soden (IP No. 15790), Joint Administrators of the Company (appointed 6 December 2022).
Email: VTB@teneo.com
with a copy to legal team at: Email: VTB@weil.com
Address: C/O Teneo Financial Advisory Limited, The Carter Building, 11 Pilgrim Street, London, EC4V 6RN
Administration Website: www.ips-docs.com/case/VTBCA0001I/VTB2022
Principal trading address of the Company: 14 Cornhill, London, EC3V 3ND.
THIS IS AN IMPORTANT ANNOUNCEMENT CONCERNING THE ADMINISTRATION OF VTB CAPITAL PLC (IN ADMINISTRATION)
7 June 2024