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LOUIS GROUP (IOM) LIMITED (IN LIQUIDATION)
LOUIS GROUP (IOM) LIMITED (IN LIQUIDATION) On 21 January 2013 the High Court of Justice of the Isle of Man made a Winding Up Order placing Louis Group (IOM) Limited into liquidation. Michael Simpson and Gordon Wilson were appointed as Joint Liquidators and Joint Deemed Official Receivers. 9 January 2015 Dear Louis Group Investor We refer to our August 2014 report. We are pleased to inform you that certain orders were made on 22 December 2014 by the Isle of Man Court which will allow us to enter into compromise arrangements for the benefit of certain investors. The following companies will participate in the compromises and only investors / creditors in these compromises will benefit: • • • • • • • • • Louis Group Structured Fund PLC (In Liquidation) (“LGSF”) Louis Group Investments Yellow Limited (In Liquidation) LGI Property Holdings (Germany) 2 Limited LGI Property Holdings (Germany) 3 Limited LGI Property Holdings (Germany) Limited LG Investments Lavender Limited Louis Group SLN Limited (In Liquidation) (“LGSLN”) (via its interest in LGSF) LG Investments Lotus Limited Louis Group InvestCo Pink Limited Of the companies noted above, for those that are not in liquidation a mechanism for distribution will have to be determined. Most likely this will be by way of creditors' voluntary liquidations. In due course we will contact you individually with more details relating to your particular circumstances. For all other investments made into all other Louis Group companies, please refer to our August 2014 report, where details of likely returns are set out in appendices 4 & 5. For the reasons set out in the report, only the companies named above are participating in the compromise arrangements. Those LGSLN investors and Property Investment & Cessation of Securities (“PICS”) investors who have not yet responded waiving their claims against LGSPI, please respond as soon as possible. We wish to thank you again for your ongoing patience and support. Kind regards Investor Communications Louis Group (IOM) Limited (in liquidation) Louis Group (IOM) Limited (In Liquidation), trading as Louis Group Isle of Man (an Isle of Man Registered Company No. 105452C) Registered Office: Unit 33K, First Floor, Snugborough Trading Estate, Union Mills, Isle of Man, IM4 4LH Tel: + 44 (0) 1624 649200