Replies to post #115536 on Lehman Brothers Financial SA (LEHNQ)

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🆘LBH – Extension of Administration to 30 November 2027
The Administrators’ appointment in respect of Lehman Brothers Holdings plc (in administration) (“LBH”) is currently due to expire on 30 November 2025.

There being various matters that remain to be addressed in the LBH administration in order to finalise its affairs, the Administrators intend to apply to the English Court pursuant to paragraph 76(2)(a) of Schedule B1 to the Insolvency Act 1986 for an Order that the Administrators’ terms of office in respect of LBH be extended by two years, to 30 November 2027 (the “Application”).

The Application has been listed for hearing in a 3 day window from 6 October 2025 at the High Court (Chancery Division).

Notice - Administrators Discharge from Liability
We refer to our previous update in relation to the Administrators’ application to bring the 🆘LBIE administration to an end and obtain a discharge from liability. The Administrators are pleased to report that, following a Court hearing which took place on 8 October 2025, the LBIE Administration has now ended and LBIE has entered a members’ voluntary liquidation. The Court has granted an order discharging the Administrators from liability in respect of their actions as the Administrators of LBIE, and such discharge will take effect 28 days after the registration of the relevant notice by the Registrar of Companies.

Extension of Term of Administration Notice
We refer to our previous update in relation to the Administrators’ application to extend the term of the Administration, which was due to expire on 30 November 2025. Following a Court hearing which took place before Mr Justice Hildyard on 8 October 2025, an Order was granted by the Court extending the Administrators’ term of office🆘 to 30 November 2026, there being various matters that remain to be addressed in the LBHI2 administration in order to finalise its affairs.