Restructuring Plans · glossary
The day the plan takes effect, once every condition in it is met. That day the Notes are cancelled, the new Notes and shares are issued and the consent fee is paid. The statement calls it the Restructuring Effective Date. Explanatory Statement, definitions, “Restructuring Effective Date” · Chapter 10 · see Long-stop date
Explained in Chapter 10, Restructuring Effective Date and Recognition Abroad, of Restructuring Plans.
The plan itself starts later, on the effective date (the Explanatory Statement’s “Restructuring Effective Date”). That is the day every condition in the plan is met. One condition is that the order has been published.Read Chapter 10, Restructuring Effective Date and Recognition Abroad →
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the date on which the Plan takes effect, expected to be 15 July 2033;Read the definition in the document →
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