Insolvency Notices

Company

MAPLE SECURITIES (UK) LTD

Notice Type
Notice of Intended Dividends
Publication date
27/05/2016
Edition
The London Gazette
Notice ID
2546518
Notice Code
2406

MAPLE SECURITIES (UK) LTD

02437924

(IN SPECIAL ADMINISTRATION)

NOTICE OF INTENDED FIRST INTERIM DIVIDEND PURSUANT TO RULE 175 OF THE INVESTMENT BANK SPECIAL ADMINISTRATION (ENGLAND AND WALES) RULES 2011

INVITING CREDITORS TO SUBMIT CLAIMS BEFORE 27 JUNE 2016

Notice is hereby given pursuant to Rule 175 of the Investment Bank Special Administration (England and Wales) Rules 2011 that the Joint Administrators of Maple Securities (UK) Ltd (“MSUK”) intend to make a distribution (by way of a first interim distribution) to the unsecured, non-preferential creditors of MSUK.

Proofs of debt may be lodged at any point up to (and including) 27 June 2016, the last date for proving claims, however, creditors are requested to lodge their proofs of debt at the earliest possible opportunity.

This notice does not relate to client monies which have been dealt with under a separate process.

Persons so proving are required, if so requested, to provide such further details or produce such documentation or other evidence as may appear to the Joint Administrators to be necessary.

The Joint Administrators will not be obliged to deal with proofs lodged after the last date for proving but they may do so if they think fit.

The Joint Administrators intend to make such distribution within the period of two months from the last date for proving claims.

Proofs of debt should be sent to the Joint Administrators at PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT marked for the attention of Bala Venkatasamy. Alternatively, you can email a completed proof of debt form to bala.venkatasamy@uk.pwc.com

Rule 175 of the Investment Bank Special Administration (England and Wales) Rules 2011 requires the Joint Administrators to state in this notice the value of the prescribed part of MSUK’s net property which is required to be made available for the satisfaction of MSUK’s unsecured debts pursuant to section 176A of the Insolvency Act 1986. There are no floating charges over the assets of MSUK and accordingly, there shall be no prescribed part. All of MSUK’s net property will be available for the satisfaction of MSUK’s unsecured debts.

Dated 26 May 2016

Russell Downs

Joint Special Administrator

MAPLE SECURITIES (UK) LTD - IN SPECIAL ADMINISTRATION

Company Number 02437924

In the High Court of Justice, Chancery Division Companies Court No 829 of 2016

Office Holder Details: Russell Downs and Mark Charles Batten (IP numbers 9372 and 6705) of PricewaterhouseCoopers LLP, 7 More London Riverside, London SE1 2RT.