Impact of Liquidation on Lehman Brothers UK Capital Funding III Preferred Securities

Lehman Brothers UK Capital Funding III LP has announced important information regarding its EUR 500 million Fixed/Floating Rate Enhanced Capital Advantaged Preferred Securities (LP III ECAPS). The company, LB GP No.1 Ltd, is undergoing liquidation, which may impact holders of these securities.

The formal notice, available through a provided link, advises registered and beneficial owners of the LP III ECAPS to review the implications carefully. Intermediaries, such as depositories and custodians, are urged to promptly inform beneficial owners.

This announcement was issued on October 3, 2024, by Matthew Haw from RSM UK Restructuring Advisory LLP, acting as a joint liquidator of LB GP No.1 Ltd. The notice underscores its importance to security holders.