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Posted: 8 August 2010
Perpetual Trust and Dorchester Pacific are ready for debenture holders in Dorchester Finance to consider a capital reconstruction plan that if approved will result in investors swapping their debentures for four different securities. “It has been a lengthy process, but we had to make sure all the preparation work ...
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Posted: 14 May 2010
Perpetual Trust today announced it is well advanced in negotiations with Dorchester Finance in relation to their proposed Capital Reconstruction Plan. Perpetual Trust is the trustee for the debenture holders in Dorchester Finance. The debenture holders approved a moratorium for the company in December 2008. “We expect that a ...
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Posted: 29 April 2010
MEDIA RELEASE 29 April, 2010 Perpetual Trust today appointed Messrs Barry Jordan and David Vance of Deloitte as receivers of St Laurence to protect the interests of 9,000 investors who are owed $245 million. Investors voted in December 2008 for a moratorium which gave the company until 2013 to ...