Business
Press comment re Co-operative Bank plc bondholders
Press comment re Co-operative Bank plc bondholders.
About this update from Cls Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 1296O CLS Holdings PLC 16 September 2013 \n \n\n \nRelease date: 16 September 2013\nEmbargoed until: Immediate Release\n \n \n \n \n \n \nCLS Holdings plc \n(\"CLS\", the \"Company\" or the \"Group\")\nPress comment in relation to the Co-operative Bank plc bondholders\n \nCLS confirms that it holds an interest in Co-operative Bank plc (the \"Bank\") bonds amounting to £4.3 million nominal, which it has accumulated over time at an aggregate cost below par. CLS has written to the Bank expressing a number of concerns about the approach being taken in relation to its provisioning and restructuring. CLS, along with other bondholders, believes that a committee should be established to enable a dialogue amongst all stakeholders before the Bank finalises its restructuring proposal.\n \n \n-ends-\n \nFor further information, please contact:\n \nCLS Holdings plc +44 (0)20 7582 7766\nwww.clsholdings.com \nSten Mortstedt, Executive Chairman\nHenry Klotz, Executive Vice Chairman\nRichard Tice, Chief Executive Officer\n \nLiberum Capital Limited +44 (0)20 3100 2222\nTom Fyson\n \nCharles Stanley Securities +44 (0)20 7149 6000\nMark Taylor ...