Posted: 15 December 2011
Perpetual’s Head of Corporate Trust, Matthew Lancaster, says the full repayment of funds for debenture investors in Kiwi Finance is a welcome outcome after many months of negotiations. “We have worked closely with the directors of Kiwi Finance and the Financial Markets Authority and are pleased this result has ...
Posted: 21 June 2011
Posted: 20 May 2011
Irongate Property Limited today has been placed into receivership by Perpetual Trust, the corporate trustee for Irongate and St Laurence Limited (in receivership). Irongate Property Limited has 1545 investors with $45 million of bonds. “We have acted at the request of the directors, Kevin Podmore and Andrew Walker”, said ...
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 ...
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 ...