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

Update 10 July 2017

Glossary

Foundations Program plc - in liquidation ("FPP")
FPA Limited - in liquidation ("FPA")
Joint Liquidators and Joint Official Receivers ("JL&JORs")
Loan Note Holders (“LNHs”)

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

Appointment of Russell Kelly as replacement JL&JORs

Following previous updates Russell Kelly of KPMG LLC has now been appointed by the High Court of Justice of the Isle of Man with Paul Shimmin as Joint Liquidator and Joint Official Receiver of FPP and FPA following the death of Mike Fayle.

10 July 2017

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KPMG International Cooperative ("KPMG International") is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-a-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.