The Parties will agree that the PLC Administrators will distribute the funds of PLC available for distribution to subordinated creditors of PLC (“Available Funds”) according to the following scheme: i. Tier X: (Subject to the Tier X Distribution Conditions below) the first £187.4m of Available Funds shall be distributed to GP1 and LBHI in the order of priority and the proportions set out below (the “Tier X Distributions”): a. First, GP1 to be paid 92% (the “GP1 Tier X Distribution”); and b. Second, LBHI to be paid 8% (the “LBHI Tier X Distribution)
1) GP1 announced their distribution date as December 8, 2023.
2) LBHI - Unknown Status/Secrets/Taboo
ta·boo /t?'bo?o/ See definitions in: All Religion Anthropology Sociology noun a social or religious custom prohibiting or forbidding discussion of a particular practice or forbidding association with a particular person, place, or thing. "many taboos have developed around physical exposure" Similar: prohibition proscription veto interdiction interdict ban restriction boycott nonacceptance anathema Opposite: acceptance encouragement adjective prohibited or restricted by social custom. "sex was a taboo subject" Similar: forbidden prohibited banned proscribed vetoed ruled out interdicted outlawed not permitted not allowed illegal illicit unlawful impermissible not acceptable restricted frowned on beyond the pale off limits out of bounds unmentionable unspeakable unutterable ineffable censored rude impolite indecorous dirty verboten haram tapu no go non licet Opposite: permitted acceptable encouraged verb place under prohibition. "traditional societies taboo female handling of food during this period"
There's other opinions of the POR being closed before and dough to us.
Lordy.....this is confusing. Don't get me wrong..that 1.50 would be gravy. I guess we just see. Only a couple days to go. If that 12/8 date holds water. Glta