POSTPONEMENT OF INTENDED FINAL DISTRIBUTION

 

Nortel Networks Polska Sp. z o.o. (In Administration and subject to a Company Voluntary Arrangement (“CVA”)) (the “Company”)

Reference is made to the Notice of Intended Final Distribution dated 20 February 2019.

NOTICE IS HEREBY GIVEN that the Joint Supervisors of the Company intend to pay a final Distribution on 26 April 2019 rather than 26 March 2019 as previously stated.

Terms defined in this notice have the meaning given to them in Annex 1 (Definitions and Interpretation) of the Company's voluntary arrangement dated 5 April 2017.

For further information please email us at cva@emeanortel.com or call +44 (0)118 328 2523. Each creditor who will be receiving a dividend will also be receiving a formal letter in the post with further details.

Dated 26 March 2019

Stephen Harris

Joint Supervisor

 

The Institute of Chartered Accountants in England and Wales in the UK authorises A R Bloom and S J Harris to act as Insolvency Practitioners under section 390A(2)(a) of the Insolvency Act 1986. The Association of Chartered Certified Accountants in the UK authorises A M Hudson to act as an Insolvency Practitioner under section 390A(2)(a) of the Insolvency Act 1986. The Institute of Chartered Accountants in Scotland in the UK authorises J Hewitt-Schembri to act as an Insolvency Practitioner under section 390A(2)(a) of the Insolvency Act 1986.

The affairs, business and property of the Company are being managed by the Joint Administrators, A R Bloom, S J Harris and A M Hudson who act as agents of the Company only and without personal liability. The Company is also subject to a Company Voluntary Arrangement. The Joint Supervisors are A R Bloom, S J Harris, A M Hudson and J Hewitt-Schembri who act as agents of the Company only and without personal liability.

The Joint Administrators and Joint Supervisors may collect, use, transfer, store or otherwise process (collectively, “Process”) information that can be linked to specific individuals (“Personal Data”). They may Process Personal Data in various jurisdictions in accordance with applicable law and professional regulations including (without limitation) the Data Protection Act 2018.

The Joint Administrators and Joint Supervisors may act as data controllers of Personal Data as defined by the General Data Protection Regulation 2016/679, depending upon the specific processing activities undertaken. Ernst & Young LLP and/or the Companies may act as a data processor on the instructions of the Joint Administrators and Joint Supervisors. Personal Data will be kept secure and Processed only for matters relating to the Joint Administrators’ and Joint Supervisors’ appointment.   The Office Holder Data Privacy Notice can be found at https://www.ey.com/uk/officeholderprivacy.