Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

https://www.lehmanbrotherstreasury.com/general.php?p=9

"As stated in the Previous Reports, Rutger J. Schimmelpenninck is member of
the Plan Trust. The Plan Trust has certain rights and duties under the Plan of
reorganisation of LBHI. The Plan Trust meets twice a year with the LBHI board."


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"Lehman Brothers Treasury Co. ("Stichting").
1. Statement of affairs
1.1. Management and organisation
LBT was a wholly-owned subsidiary of Lehman Brothers UK Holdings
(Delaware) Inc, an entity fully owned by LBHI, the holding company of the
worldwide operating Lehman Brothers group of companies (the "Lehman
Brothers Group"). Since 28 February 2012, Stichting is the sole shareholder of
LBT. From 3 April 2013, the board of Stichting consists of Mr H.P. de Haan, Mr.
J.L.R.A. Huydecoper and Mr. M.H. Reuchlin.
1.2. Activities LBT
LBT was incorporated for the financing of the business activities of the Lehman
Brothers Group by issuing financial instruments, in particular "(structured)
Notes" to institutional and retail investors.
1.3. Financial information
Current state of affairs
The Liquidators refer to the Statement of Receipts and Payments from 1 January
2017 up to 1 July 2017 attached to this report as Annex I.
The 2016 financial statements
The Liquidators filed the financial statements of LBT regarding the period 1
January 2016 – 31 December 2016 with the Chamber of Commerce. These
financial statements were audited by an independent auditor and approved by
the shareholder of LBT (Stichting). The 2016 financial statements are attached to
this report as Annex II.
1.4 Lehman Brothers cross-border insolvency protocol
In the past period no formal meetings of the protocol members took place. The
protocol members continue to keep each other informed on important matters if
needed.
2. Assets
2.1. Assets3
LBT's main asset is an allowed class 4A claim against LBHI of
USD 34,548,000,000 (the "LBT Intercompany Claim"). With respect to the
(gross) distributions that LBT has received from LBHI on the LBT Intercompany
Claim, reference is made to the overview on page 2 of this report.
2.2. Estate accounts and cash-management
The Liquidators refer to the Statement of Receipts and Payments from 1 January
2017 up to 1 July 2017 attached to this liquidation report as Annex I.
3. Debtors
3.1. U.S. Debtors
The Liquidators refer to the Previous Reports and to the Settlement Agreement
executed with the U.S. Debtors (Annex I to the tenth bankruptcy report and
available on the LBT Website).
As stated in the Previous Reports, Rutger J. Schimmelpenninck is member of
the Plan Trust. The Plan Trust has certain rights and duties under the Plan of
reorganisation of LBHI. The Plan Trust meets twice a year with the LBHI board.
4. LBT Distributions
4.1. Distributions LBT4
To date, LBT has made 10 distributions on the Acknowledged Claims. An
overview of these distributions is set out on pages 2 and 3 of this report.
With respect to the distributions made by LBT, reference is made to the ISIN-by-
ISIN distribution reports available on the LBT Website.5 These reports state the
distribution amount paid on each ISIN as well as on each Other Ordinary Claim.
As per the seventh distribution, distributions on ISIN IT0006578600 are
temporarily withheld due to operational review.

https://www.lehmanbrotherstreasury.com/pdf/english/5th%20public%20report%2024%20August%202017.PDF

*** Link to Plan Trust ***

https://www.sec.gov/Archives/edgar/data/806085/000119312511339839/d267202dex101.htm