POSTPONEMENT OF INTENDED FINAL DISTRIBUTION
Nortel Networks Portugal S.A. (In Administration)
Reference is made to the Notice of Intended Final Distribution dated 26 June 2018.
NOTICE IS HEREBY GIVEN that whilst a distribution will now be made in early August 2018, this will not be a final Distribution.
This change will only affect those CVA Creditors with CCAA Subordinated Claims. Creditors with Allowed Claims that are neither CCAA Subordinated Claims nor Barred Claims will therefore be paid in full, together with Commercial Interest, in the Distribution to be made in mid August 2018.
The Joint Supervisors anticipate paying a final Distribution to CVA Creditors with CCAA Subordinated Claims in due course and will issue notice of such final Distribution in due course.
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 firstname.lastname@example.org 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 25 July 2018
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.