Replies to post #109171 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

EXACTLY! All those barking about POR, let me tell you. The POR cannot over-ride a Court Judgement, that too a Court that is addressing the same BK of the 'subsidiaries'!

[JC Pinny]

Nothing else Matters for now, except this:
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The energizer bunny 😂, but nothing matter except exit from POR.

[cottonisking]

📈📉📊

Comparative EOS 
 Notes Base Case Recovery High Case Recovery  
 £'m £'m 
 Estimated surplus available to LBH subordinated creditors 1 233 490 
 LP I LP III LP III Totals LP I LP II LP III Totals 
 £'m £'m £'m £'m £'m £'m £'m £'m 
 Scenario 1 - GP1 wins all issues in ECAPS 2 Applications 51 78 103 233 107 165 217 490 
 Scenario 2 - GP1 loses all issues in ECAPS 2 Applications - - - - - - - - 
 Scenario 3 - GP1 wins issues 4 & 5 of ECAPS 2 Applications 2 41 63 84 188 41 63 84 188 
 Scenario 4 - Proposed terms implemented and GP1 wins issue 1 3 47 72 96 215 90 140 187 417 
 Scenario 5 - Proposed terms implemented and GP1 loses issue 1 4 37 58 77 172 39 61 82 182 
 Notes  
 5. The above calculations do not take costs (past or future) into consideration. 
 1. Estimated funds available to LBH's subordinated creditors as per June 2023 estimated outcome statement. All calculations in scenarios 1 to 5 work on the basis that the funds available to 
 LBH's subordinated creditors will be £233m in the 'Base' case and £490m in the 'High' case, which are subject to the assumptions set of in LBH's June 2023 update to creditors. GP1's 
 realisations to date in respect of LP III are not reflected in the above calculations. 
 2. Scenario 3 - Estimated recoveries available to Account holders if GP1 wins Priority Legal Issue 4 and Priority Legal Issue 5 relating to the ECAPS Guarantees and Clause 2.11, but loses all 
 other issues in the ECAPS 2 Applications. 
 3. Scenario 4 - Estimated recoveries available to Account holders if GP1 enters into the deal being proposed in the term sheet at Appendix 2, and GP1 wins Priority Legal Issue 1 in the ECAPS 
 2 Applications. 
 4. Scenario 5 - Estimated recoveries available to Account holders if GP1 enters into the deal being proposed in the term sheet at Appendix 2, and GP1 loses Priority Legal Issue 1 in the 
 ECAPS 2 Applications.