Peter Clokey, Independent Valuer for the purposes of the Bradford & Bingley plc Compensation Scheme issues his Assessment Notice in respect of shares and subscription rights
Published at 12:26 PM on 05 July 2010
Peter Clokey, the independent valuer for the purposes of the Bradford and Bingley plc Compensation Scheme and a partner of PricewaterhouseCoopers LLP, yesterday his Assessment Notice determining that no compensation is payable by HM Treasury to former shareholders of Bradford & Bingley plc (B&B plc) or to former holders of subscription rights relating to shares in B&B plc.
Mr Clokey has issued his Assessment Notice in accordance with paragraph 10 of the Schedule to the Bradford & Bingley plc Compensation Scheme Order 2008 after taking into consideration representations from a wide range of groups and individuals.
B&B plc was taken into public ownership on 29 September 2008 when shares in the company were transferred to HM treasury under the Bradford & Bingley plc Transfer of Securities and Property etc. Order 2008.
A copy of the Assessment Notice may be seen at www.bandbvaluer.org.uk
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