Isle of Man
Template 9 

CHP 11/0097 - Foundations Program Plc (in liquidation) ("FPP")
CHP 11/0098 - FPA Limited (in liquidation) ("FPA")

Update 21 November 2016


Foundations Program plc - in liquidation ("FPP")
FPA Limited - in liquidation ("FPA")
Joint Liquidators and Joint Official Receivers ("JL&JORs")

Update for Participants and Loan Note Holders (LNHs) and other creditors of FPP & FPA

Update in respect of the first interim distribution and any future distribution

Further to earlier updates (and for the reasons explained in the earlier updates in particular 12 February, 24 March, 27 April and 6 June 2016) the JL&JORs have now applied to the Isle of Man Court for directions as to the appropriate methodology to utilise for both the proposed interim and the final distribution.

The JL&JORs have written to the Participants and Loan Note Holders, either by email or physical mail, to provide them with information about the application and copies of the principal documentation. Unfortunately the JL&JORs records are incomplete and thus contact details of all persons in these classes are not known. In the event you consider you are a Loan Note Holder or Participant and you do/did not receive this letter and documents by 4pm on 23 November 2016 then please write to Messrs Callin Wild, marked for the attention of Mr Jonathan Wild, Bank Chambers, 15-19 Athol Street, Douglas, Isle of Man, British Isles IM1 1LB (or email and and (upon satisfactory identification) the letter and relevant material will be sent to you.

21 November 2016