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Re: cottonisking post# 108854

Monday, 11/27/2023 11:45:52 AM

Monday, November 27, 2023 11:45:52 AM

Post# of 111126
The CTs' Trusts must hold something:

Like the man said $25 now and $30 later.

PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT
T: +44 (0) 20 7583 5000, F: +44 (0) 20 7212 7500, www.pwc.co.uk
PricewaterhouseCoopers LLP is a limited liability partnership registered in England with registered number OC303525. The registered office of
PricewaterhouseCoopers LLP is 1 Embankment Place, London WC2N 6RH. PricewaterhouseCoopers LLP is authorised and regulated by the Financial Conduct Authority for designated
investment business.
NOTICE OF DECLARATION OF A DIVIDEND PURSUANT TO RULE 14.35 OF
THE INSOLVENCY (ENGLAND AND WALES) RULES 2016
LEHMAN BROTHERS HOLDINGS PLC - IN ADMINISTRATION
REGISTERED NO: 01854685
REGISTERED ADDRESS: 7 MORE LONDON RIVERSIDE, LONDON SE1 2RT
IN THE HIGH COURT OF JUSTICE, CHANCERY DIVISION, COMPANIES COURT
No. 7943 OF 2008 / CR-2008-000026
Notice is hereby given pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016
that an eighth interim dividend to unsecured, non-preferential creditors has been declared.
The eighth interim dividend comprises the following:
1. A further share of the statutory interest entitlements of the Company’s unsecured, non-
preferential unsubordinated creditors. The gross amount of the distribution to the
Company’s unsubordinated, unsecured creditors is £24,374,912, with the net amount being
£24,374,743, after holding back a provision in relation to UK tax.
2. A distribution in respect of the Company’s unsecured, non-preferential subordinated
liabilities in accordance with the Framework Agreement recently entered into by, amongst
others, the Company and LB GP No1 Limited (in liquidation), Lehman Brothers UK Capital
Funding LP, Lehman Brothers UK Capital Funding II LP, Lehman Brothers UK Capital
Funding III LP and 👉LBHI as the holders of relevant subordinated liabilities. In accordance
with the Framework Agreement (about which prior notifications have been published on
the website maintained by the Joint Administrators),👈 a total of £187,187,072 is being
distributed in respect of the Company’s unsecured, non-preferential subordinated
liabilities.
In total, a gross amount of £211,561,984 is available for distribution with the net amount of
£211,561,815, after holding back a provision in relation to UK tax, being distributed by way of
dividend in respect of admitted claims. There is no prescribed part, as there is no floating charge.
The Joint Administrators have retained reserves of £35.6m in order to provide for further costs and
potential claims in the estate.
Payments are being made commencing on or around 23 November 2023. The Joint Administrators are
unable to estimate the likely timing or quantum of any future dividends.
The Joint Administrators’ receipts and payments account from the commencement of the
Administration on 15 September 2008 to 17 November 2023 is attached.
For further information, contact details, [and proof of debt forms], please visit
http://www.pwc.co.uk/services/business-recovery/administrations/lehman/lbh- plc-in-
Administration.html. Alternatively, please send an email to uk_lehmanaffiliates@pwc.com for the
attention of Diane Adebowale.