Clegg investors get first payment

Debenture holders in collapsed finance company Clegg and Co will get their first, modest, distribution before Christmas.

Thursday, December 20th 2007, 11:06PM

Clegg & Co Investors Receive Initial Distribution Thursday, 20 December 2007, 3:57 pm Press Release: BDO Spicer The company's receivers, BDO Spicers, have told investors in Clegg & Co Finance, Clegg & Co Leasing and Clegg & Co Capital that they would be making an initial distribution payment of 15 cents in the dollar.

They are continuing to collect on-going payments from the company's borrowers and/or take early settlement on loans, wherever possible. It is from these funds, and the cash at bank collected on appointment, from which this first distribution has been paid.

Previously the receivers have said that investors can expect to recover between 70 and 85% of their capital invested.

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Clegg investors get first payment

Debenture holders in collapsed finance company Clegg and Co will get their first, modest, distribution before Christmas.

Thursday, December 20th 2007, 11:06PM

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