Bob’s Weekly Update

Dear Bondholders,

For your information: On Friday, Bob promised an Update today, to coincide with BDO’s plans to announce the candidates for the ad hoc Creditor Committee at 5pm.

Unfortunately, I have Civic duties to perform, that will keep me out very late tonight so I won’t be able to do my usual edit on what Bob has written, enabling me to get it on our website before I go out. I also have further Civic duties tomorrow morning.

Bob has a meeting, with Gordon Pullan and BDO tomorrow morning, which may enable a more real-time Update for you, by delaying for a few hours. So the plan is now to get an Update up for you tomorrow afternoon. In the meanwhile, to see the Voting Guidance issued by BDO yesterday, Please click on:

 VOTING GUIDANCE

Apologies for any inconvenience this may cause you.

Ian Ward

Bob’s Weekly Update

Dear Bondholders,

This is probably going to be my shortest ever Update, as frankly, I’m exhausted by dealing with all your emails since last Wednesday afternoon.

As BDO have promised the names of the candidates for membership of the committee next Tuesday, I’ve decided to issue the next Update on Tuesday late pm or evening, dependant on when the announcement comes out. There are four remaining places on the Committee now that the FSCS has been awarded one place for itself. As I made public in BWU No 65, I had asked that the FSCS should be present at our meeting, so I’m happy with this result. As potentially the single largest bondholder, it made no sense that they would not be there, and we have the added bonus that they may actually say a few words as well.

READ FULL UPDATE

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS.

THIS DOCUMENT IS PUBLISHED BY THE PROVISIONAL LIQUIDATORS ON BEHALF OF THE ISSUER. THE PROVISIONAL LIQUIDATORS ACT AS AGENTS OF THE ISSUER AND WITHOUT PERSONAL LIABILITY. THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER. ARM ASSET BACKED SECURITIES SA – PROVISIONAL LIQUIDATORS APPOINTED (‘THE ISSUER’)
As many of you will now be aware, the Provisional Liquidators have convened a meeting of Bondholders for Monday, 3 February 2014.

FULL LOCATION AND REGISTRATION DETAILS

Important Information Notice to all Bondholders

Dear readers,

This came out today on the BDO website, but their IT people seem to have not been paying attention and it was rotated 90 degrees left, and unreadable for those who couldn’t print it. Please use the version on our website, click here to access it, print it out and take action promptly, particularly if you should require a voting form, and who would not if they cannot attend in person? You will be disenfranchised unless you request it, and return it in time.