Provident Financial PLC Director Declaration (2092V)
29 Noviembre 2019 - 9:24AM
UK Regulatory
TIDMPFG
RNS Number : 2092V
Provident Financial PLC
29 November 2019
Provident Financial plc
29 November 2019
Director Declaration
In accordance with LR 9.6.14(1), Provident Financial plc (the
Company) notifies the market that since the announcement made by
the Company on 25 March 2019 disclosing Robert East's directorship
of Welcome Financial Services Limited (Welcome), a notice has been
issued on 25 November 2019 to the creditors of Welcome of a Deemed
Consent Procedure regarding the nomination of a liquidator to
Welcome in relation to the commencement of a creditor voluntary
liquidation (the Notice). As stated in the Notice, the date the
resolution to wind-up Welcome is to be considered is on 16 December
2019.
As disclosed in the announcement made by the Company on 25 March
2019, Welcome had implemented a creditor scheme of arrangement with
certain of its creditors (the Scheme) as part of a wider group
restructuring of its financial obligations in 2011 - which became
effective on 2 March 2011. Since then, Welcome has complied with
the terms of the Scheme and wound down its business (including by
completing the sale and collect-out of parts of its loan book). As
a result of taking those steps, the directors of Welcome recently
concluded that the next and final phase of the restructuring was
for Welcome to enter liquidation.
Enquiries:
Media
Richard King, Provident Financial 01274351900
Investor Relations
Gary Thompson/Vicki Turner,
Provident Financial 01274 351900
investors@providentfinancial.com
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END
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November 29, 2019 10:24 ET (15:24 GMT)
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