LONDON--(BUSINESS WIRE)--
COMPANY ANNOUNCEMENT
SIGMA FINANCE CORPORATION (IN RECEIVERSHIP)
The receivers of Sigma Finance Corporation (in receivership) ("Sigma") being A. R. Bloom, M. E. Mills and S. J. Harris of Ernst & Young LLP (the "Receivers") have today made the following announcement. Capitalised terms used in this announcement and not otherwise defined have the meanings given to them in the Amended and Restated Security Trust Deed dated 27 March 2003 (the "Security Trust Deed").
Pooling
As announced previously, in accordance with an Order of the English High Court dated 28 July 2010, the Receivers established pools on 8 November 2010 relating to Sigma's liabilities pursuant to the Security Trust Deed and have allocated Sigma's Assets to such pools in the manner set out in the Security Trust Deed and the pooling and distribution methodology dated 22 June 2010, which was previously made available to Beneficiaries and a copy of which has been posted by the Receivers on the website maintained by Sigma at:
https://emeia.ey-vx.com/726/7291/compose-email/sigma-finance-corporation.asp
References below to a "Liquidity Provider" or "Derivative Counterparty" are references to the relevant Liquidity Provider or Derivative Counterparty which has previously been identified to such parties individually. If you have any queries as to which identifier refers to your claim, please contact the Receivers at the email address set out below.
Date of distribution
The Receivers intend to make a distribution to Beneficiaries on 6 October 2017 (the "2017 Distribution") using the methodology set out in the Security Trust Deed.
The amount which is intended to be distributed to Beneficiaries is set out below and has been calculated using a Record Date (as such term is defined in the methodology) of 27 September 2017.
| Identifier | Ccy | Intended payment | |||
| Liquidity Provider 1 | USD | 100.88 | |||
| Liquidity Provider 2 | USD | 84.64 | |||
| Liquidity Provider 3 | USD | 32.47 | |||
| Derivative Counterparty 1 | USD | 176,572.04 | |||
| Derivative Counterparty 2 | USD | 80,227.30 | |||
| Derivative Counterparty 3 | USD | 40,420.66 | |||
| Derivative Counterparty 4 | USD | 19,649.52 | |||
| Derivative Counterparty 5 | USD | 180,731.65 | |||
| Derivative Counterparty 6 | USD | 144,794.49 | |||
| Derivative Counterparty 7 | USD | 56,636.22 | |||
| Derivative Counterparty 8 | USD | 86,426.17 | |||
| Derivative Counterparty 9 | USD | 120,034.69 | |||
| Derivative Counterparty 10 | USD | 14,953.60 | |||
| Derivative Counterparty 11 | USD | 79,369.37 | |||
| Derivative Counterparty 12 | USD | 18,421.26 | |||
| Derivative Counterparty 13 | USD | 57,561.78 | |||
| Derivative Counterparty 14 | USD | 11,112.09 |
| Identifier | Ccy | Intended Principal payment | Intended Interest payment | ||||
| 8265Q0TX0 | USD | 536,690.28 | 2,932.38 | ||||
| 8265Q0UA8 | USD | 178,896.76 | 1,301.25 | ||||
| 8265Q0XC1 | USD | 596,322.53 | 3,118.31 | ||||
| 8265Q0XD9 | USD | 424,581.64 | 3,001.50 | ||||
| XS0274164622 | GBP | 113,934.08 | 7,023.16 | ||||
| XS0274165512 | GBP | 71,208.80 | 5,915.19 | ||||
| 8265Q0XF4 | USD | 651,184.21 | 3,844.70 | ||||
| 8265Q0XG2 | USD | 436,508.10 | 3,094.88 | ||||
| XS0181192260 | SEK | 24,306.24 | 0.00 | ||||
| 8265Q0XR8 | USD | 178,896.76 | 623.99 | ||||
| XS0278773626 | GBP | 313,318.71 | 25,007.93 | ||||
| 8265Q0YD8 | USD | 110,319.67 | 885.04 | ||||
| XS0281463371 | GBP | 71,208.80 | 6,425.23 | ||||
| 8265Q0VF6 | USD | 466,975.41 | 8,977.96 | ||||
| 8265Q0MW9 | USD | 119,264.51 | 1,359.59 | ||||
| 8265Q0VQ2 | USD | 322,014.17 | 2,091.40 | ||||
| CH0024019462 | CHF | 701,541.18 | 12,443.91 | ||||
| XS0290214146 | EUR | 566,890.21 | 37,567.89 | ||||
| 8265Q0WE8 | USD | 826,503.03 | 10,142.43 | ||||
| XS0290954006 | GBP | 85,450.56 | 6,762.57 | ||||
| XS0247517914 | GBP | 213,626.39 | 17,353.02 | ||||
| 8265Q0WM0 | USD | 238,529.01 | 1,396.27 | ||||
| 8265Q0WN8 | USD | 95,411.61 | 549.57 | ||||
| 8265Q0QA3 | USD | 63,544.13 | 2,094.82 | ||||
| XS0299055094 | GBP | 17,090.11 | 1,577.63 | ||||
| 8265Q0XJ6 | USD | 119,264.51 | 1,852.00 | ||||
| 8265Q0XQ0 | USD | 1,192,645.07 | 7,097.19 | ||||
| 8265Q0YA4 | USD | 4,770.58 | 260.00 | ||||
| 8265Q0YE6 | USD | 59,632.25 | 896.65 | ||||
| CH0018912912 | CHF | 374,540.00 | 64,196.94 | ||||
| 8265Q0SQ6 | USD | 59,632.25 | 1,074.45 | ||||
| 8265Q0SR4 | USD | 473,616.05 | 8,533.57 | ||||
| XS0201288957 | USD | 42,935.22 | 1,985.34 | ||||
| 8265Q0TF9 | USD | 238,529.01 | 1,066.90 | ||||
| 8265Q0TG7 | USD | 236,138.95 | 4,283.33 | ||||
| 8265Q0TM4 | USD | 241,251.51 | 6,406.43 | ||||
| 8265Q0TS1 | USD | 245,358.75 | 2,299.19 | ||||
| 8265Q0UL4 | USD | 85,029.48 | 1,650.80 | ||||
| 8265Q0UY6 | USD | 121,609.34 | 2,219.63 | ||||
| XS0281463967 | GBP | 27,012.95 | 2,557.79 | ||||
| 8265Q0VZ2 | USD | 88,609.93 | 1,042.24 | ||||
| XS0213963621 | JPY | 6,752,712.82 | 125,636.61 | ||||
| XS0210941539 | GBP | 136,406.33 | 11,447.36 | ||||
| 8265Q0WL2 | USD | 430,963.66 | 2,437.73 | ||||
|
|
|||||||
| XS0261229966 | JPY | 1,689,719.78 | 30,175.89 | ||||
| 8265Q0YU0 | USD | 60,218.88 | 1,695.61 | ||||
| 8265Q0TA0 | USD | 48,476.80 | 1,054.79 | ||||
| XS0230259060 | JPY | 18,615,482.60 | 309,083.62 | ||||
| 8265Q0RR5 | USD | 106,647.16 | 17,181.81 | ||||
| CH0022527938 | CHF | 117,323.67 | 13,356.53 | ||||
| XS0178113808 | EUR | 7,960.23 | 0.00 | ||||
| XS0292912846 | GBP | 96,094.37 | 7,403.21 | ||||
| XS0304981193 | JPY | 3,380,684.45 | 59,356.68 | ||||
| XS0304915647 | AUD | 57,374.50 | 12,297.41 | ||||
| XS0306202242 | JPY | 3,383,141.46 | 57,391.07 | ||||
| XS0242756129 | EUR | 11,165.18 | 505.70 | ||||
| 8265Q0PC0 | USD | 24,039.43 | 726.36 | ||||
| XS0249469080 | JPY | 4,075,100.49 | 70,753.66 | ||||
| XS0261659469 | JPY | 3,391,075.91 | 63,803.39 | ||||
| XS0269566419 | JPY | 5,357,421.95 | 136,307.93 | ||||
| 8265Q0UZ3 | USD | 59,167.12 | 2,747.37 | ||||
| 8265Q0VA7 | USD | 23,651.57 | 1,114.22 | ||||
| XS0269511274 | JPY | 8,355,853.22 | 225,076.01 | ||||
| XS0275026952 | JPY | 3,378,318.67 | 76,560.63 | ||||
| 8265Q0VL3 | USD | 46,979.01 | 2,552.58 | ||||
| XS0294049415 | AUD | 12,339.95 | 3,320.57 | ||||
| XS0293352067 | JPY | 10,133,015.03 | 185,298.28 | ||||
| XS0293351846 | USD | 117,596.00 | 5,001.48 | ||||
| 8265Q0WH1 | USD | 23,959.85 | 805.94 | ||||
| XS0307406297 | USD | 9,402.38 | 404.33 | ||||
| XS0229086698 | SEK | 142,293.98 | 0.00 | ||||
| XS0290373611 | JPY | 5,939,380.21 | 776,303.51 | ||||
| XS0314364604 | JPY | 3,348,109.18 | 85,416.89 | ||||
| 8265Q0SH6 | USD | 86,813.98 | 49,249.29 | ||||
| 8265Q0UB6 | USD | 79,502.28 | 44,326.69 | ||||
| XS0297737933 | JPY | 15,186,972.67 | 287,987.32 | ||||
| XS0305023615 | JPY | 6,755,262.92 | 123,597.33 | ||||
| XS0304020653 | JPY | 11,152,084.92 | 199,213.40 | ||||
| XS0312208316 | JPY | 3,386,176.34 | 54,963.17 | ||||
| 8265Q0YC0 | USD | 75,544.55 | 44,668.62 | ||||
| XS0312206963 | JPY | 3,386,578.00 | 54,641.84 | ||||
| XS0179568257 | JPY | 10,165,396.12 | 159,393.41 |
Additional Documents
Any notices provided to Beneficiaries by Sigma in connection with the 2017 Distribution and a table setting out the amounts allocated to each Pool and the distribution expected to be made from each Pool will be made available on the website maintained by Sigma referred to above.
Further distributions
Following the 2017 Distribution, the Receivers expect either to hold or have access to funds of approximately US$7.5 million (converted, where relevant, into US dollars at appropriate FX rates). It is not possible to provide any certainty when a final distribution will be made to Beneficiaries.
Please email sigmafinancecorporation@uk.ey.com if you have any queries regarding this announcement.
Important information
Please note that nothing in this document is intended to amount to an invitation or inducement to engage in investment activity. Nothing in this document amounts to the giving of advice. If you are in any doubt as to the action you should take, you should consult a professional adviser.
The Receivers act as agents of Sigma and without personal liability.