CHP 11/0097 - Foundations Program Plc (in liquidation) ("FPP")
CHP 11/0098 - FPA Limited (in liquidation) ("FPA")
Update 12 February 2016
Glossary
Foundations Program plc - in liquidation ("FPP")
FPA Limited - in liquidation ("FPA")
Joint Liquidators and Joint Official Receivers ("JL&JORs")
Note for Participants and Loan Note Holders (LNHs) and other creditors of FPP & FPA
Update in preparation for the first interim distribution
Following the update issued in November JL&JORs have now sent the following:
To Participants
Individual statements showing the monthly accumulation of participation points for the duration of the Program to the date of liquidation.
A letter setting out the basis on which Program losses are allocated in detail and the resultant value of the Participant's claim in the remaining asset pool, including a statement of the value of the proposed interim distribution. The letter also provides a form to enable Participants to claim any premiums paid after 23 November 2011.
A generic copy of the letter can be viewed here
To Loan Note Holders
A letter setting out the basis on which the Loan Note Holder's claim is based, including the statutory limitation on interest. The letter also sets out the Loan Note Holder's share in the available assets and the value of the proposed interim distribution.
A generic copy of the letter can be viewed here
If the JL&JORs have a valid email address, the letter will have been sent by that means. All other letters have been sent by physical mail. If you have not received a letter please contact Mike Fayle to ensure that a replacement is sent to you as soon as possible.
12 February 2016