Update from LQD Markets (UK) Limited Special Administrators
Baker Tilly, the special administrators of LQD Markets (UK) Limited, has issued a press release to inform about the results of the Adjourned Initial Meeting of creditors held on April 20.
Outcome of Voting
There was one resolution to be vote on at the Adjourned Special Administration.
1. That the Original Proposals be approved (“Resolution 1”)
Votes cast on Resolution 1
Client’s votes were admitted for voting purposes in their capacity as Creditors for an amount equal to th estimated shortfall of client moneys which has been estimated at 60% of their claim.
Trade Creditors and Introducing Brokers were admitted for voting purposes for the full amount of their claims on Company monies as unsecured creditors.
No creditors attended the meeting in person.
Voting in their capacity as creditors by proxy, approximately 76% by value of the cast votes in favour of Resolution 1.
Creditors’ and clients’ committee
At the Initial Meeting, the Administrators received four nominations from clients to be members of the creditors’ and clients’ committee if one were formed.
For the full press release visit Notice_of_result_of_Adjourned_Initial_Meeting
Source: Baker Tilly
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