THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any
doubt as to the action you should take, you are recommended to seek your own independent financial
advice from a stockbroker, bank manager, solicitor, accountant or other financial adviser authorised
under the Financial Services and Markets Act 2000.
If you are a member and have sold or otherwise transferred all of your Ordinary Shares in JJB Sports plc
("JJB") please send this document, together with the accompanying documents (but not the personalised
Proxy Form), as soon as possible to the purchaser or transferee, or to the stockbroker, bank or other agent
through whom the sale or transfer was effected, for delivery to the purchaser or transferee.
This document does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation
of any offer to acquire any Ordinary Shares or other transferable securities in JJB. Any reproduction of this
document, in whole or in part, and any disclosure of its contents, except to the extent such information is
otherwise publicly available, or use of any information it contains for any purpose other than considering the
resolutions is prohibited.
JJB SPORTS PLC
and
BLANE LEISURE LIMITED
and
each of their CVA CREDITORS (as defined herein)
COMPANY VOLUNTARY ARRANGEMENTS
(under Part I of the Insolvency Act 1986)
This document has been prepared solely to inform creditors and members of JJB and Blane of proposals for
company voluntary arrangements. Nothing in this Proposal should be relied upon for any other purpose. Your
attention is drawn to Paragraphs 12 and 13 of Part I (Introduction) of this document describing the desirability
of the Proposal for creditors and recommending why members should vote in favour of the Proposal.
The action required to be taken by you is set out in Part II (Action to be taken by CVA Creditors and Members).
Formal notices of the creditors' meetings and members' meetings to approve each company voluntary
arrangement and Proxy Forms for voting at these meetings, which are to be held at 11:00 a.m. on 27 April
2009 (in the case of each creditors' meeting) and at 11:00 a.m. on 29 April 2009 (in respect of each members'
meeting), are included within this Proposal. For creditors, please complete and return the relevant Voting &
Notice of Claim(s) sent to you with this Proposal in accordance with the instructions set out in it.
A creditor who is a Closed Premises Landlord may not receive a Payment in respect of a Voting &
Notice of Claim filed after the Claims Date. See Paragraph 10.3 of Part I (Introduction) for an
explanation of the Claims Date.
Issue Date: 6 April 2009
2
IMPORTANT NOTICE
DIRECTORS
This Proposal has been prepared by the Directors of each Company pursuant to Part I of the Insolvency Act
solely to inform creditors and members of each Company of proposals for a company voluntary arrangement.
Nothing in this Proposal should be relied upon for any other purpose including in connection with any
investment decision in relation to the debt, securities or any other financial interest of any company in the
Group, including for the avoidance of doubt, any decision to buy or sell or not to buy or sell any debt, securities
or other financial interest. Any parties making such investment decisions should rely on their own enquiries
prior to making such decisions. This Proposal is made in relation to each Company by the Directors of that
Company. Creditors and members should review this Proposal in detail. If you are in any doubt as to the action
you should take in connection with the Proposal, or the tax or other consequences of the proposed
Arrangements for you, you should contact your legal, tax or other professional advisers.
Section 1, Parts I to VI of this Proposal set out a general description of the Proposal and provide a brief
summary of the terms of this Proposal. The binding terms of the Proposal are set out in Section 2, Part VII
(Terms of the Company Voluntary Arrangements).
It is possible that the CVAs may not be approved by the requisite majorities of creditors of the relevant
Companies concerned. The Directors make no representation or warranty and give no undertaking that the
CVAs in the form described in this Proposal will be implemented within the proposed timescale outlined in this
Proposal or at all or that the proposed CVAs may not be amended, revoked or suspended.
Nothing in this Proposal may be taken as an admission of any fact or matter relating to any of the Companies
or relied upon in any litigation involving the Companies or any of them or constitutes any admission on the part
of any Company with respect to any asset to which it may be entitled or with respect to any claim by or against
it.
The contents of this document are not to be construed as legal, business or tax advice. Each creditor and
shareholder should consult his own independent legal, financial or tax adviser for legal financial or tax advice.
This Proposal contains certain statements and statistics that are or may be forward-looking. The accuracy and
completeness of such statements is not warranted or guaranteed. These statements typically contain words
such as "intends", "expects", "anticipates", "estimates" and words of similar import. By their nature, forward-
looking statements involve risk and uncertainty because they relate to events and depend on circumstances
that will occur in the future. Although the Directors believe the expectations reflected in such statements are
reasonable, no assurance can be given that such expectations will prove correct.
Without limiting the generality of the immediately preceding paragraph, all statements contained in this
Proposal in relation to estimated outcomes for creditors, whether as a consequence of the Proposal being
approved or otherwise, are illustrative only. As they are based on assumptions that necessarily involve a
subjective analysis of the matters referred to in this Proposal, they cannot be relied upon as guidance as to the
actual outcomes for creditors.
Unless otherwise indicated, the statements contained in this Proposal are made as at 3 April 2009, being the
latest practicable time before publication, and reflect the circumstances and the information of which the
Directors were aware at that time.
King Sturge LLP has given and not withdrawn its written consent to the inclusion in this document of references
to the advice that it has provided to the Companies and references to its name in the form and context in which
it appears herein.
None of the Directors have authorised any person to make any representations concerning the CVAs which
are inconsistent with the statements contained herein, and if such representations are made, they may not be
relied upon as having been so authorised.
3
NOMINEES
The Nominees in relation to the JJB CVA are Richard Dixon Fleming of KPMG LLP, 8 Salisbury Square,
London, EC4Y 8BB and Brian Green of KPMG LLP, St James' Square, Manchester, M2 6DS.
The Nominees in relation to the Blane CVA are Richard Dixon Fleming of KPMG LLP, 8 Salisbury Square,
London, EC4Y 8BB, Brian Green of KPMG LLP, St James' Square, Manchester, M2 6DS and Blair Carnegie
Nimmo of KPMG LLP, 191 West George Street, Glasgow G2 2LG.
In accordance with section 2 of the Insolvency Act, the Nominees have reviewed the Proposal and reported to
the Court or Scottish Court (as appropriate) that, in their opinion:
(a) the Proposal has a reasonable prospect of being approved and implemented;
(b) meetings of the Companies and their creditors should be summoned to consider the Proposal;
(c) the meetings of creditors of each of the Companies to consider the Proposal should be held at 11:00
a.m. on 27 April 2009 at the Royal Horticultural Halls and Conference Centre, 80 Vincent Square,
London SW1P 2PE; and
(d) the meetings of members of each of the Companies to consider the Proposal should be held at 11:00
a.m. on 29 April 2009 at the Royal Horticultural Halls and Conference Centre, 80 Vincent Square,
London SW1P 2PE.
The Nominees are unable to warrant or represent the accuracy or completeness of any information
contained within this document, or any information provided by any third party. The Nominees have
not authorised any person to make any representations concerning the CVAs, and if such
representations are made, they may not be relied upon as having been so authorised.
4
SUMMARY OF THE PROPOSAL
The following summary of the Proposal should be read as an introduction to this document only.
Any decision as to how to vote should be based on consideration of this document as a whole and
not just this summary.
Creditors and shareholders of JJB and Blane have been sent a pack of documents in relation to the
proposed company voluntary arrangements announced on 25 March 2009. In addition, JJB
shareholders have been sent a shareholder circular relating to a proposed issue of warrants to BoS.
The main objectives of the proposed CVAs are to:
compromise claims of landlords of approximately 140 closed retail stores and certain related
contingent claims (such as claims of former tenants and guarantors, but not including rates on
those closed stores)
enable landlords of those closed retail stores to make a claim against a total aggregate fund of
£10 million, with payments from that fund in two instalments (the first instalment of £5,000,001
on 30 September 2009 and the balance of £4,999,999 on 31 December 2009)
vary temporarily the terms of leases of the open retail stores, approximately 250 stores in total,
such that rent will be paid on a monthly rather than quarterly basis for a period of twelve months
from the next quarter date
The CVAs do not affect either Company's obligations to Fitness Club Premises Landlords insofar as
those obligations relate to Fitness Club Premises.
JJB and Blane will remain liable for rates on the closed stores until those stores are surrendered /
forfeited or assigned, which shall be at the landlord's discretion. The landlords of the open retail
stores will not be able to claim against the £10 million fund and will not otherwise be paid a fee in
relation to the CVAs. Save as set out above, the CVAs will not seek to compromise claims of any
other creditors.
Throughout the CVA process, JJB and Blane shall continue trading under the control of their
respective directors, operating as going concerns. JJB and Blane are not in and will not be in
administration as a result of commencing the CVA process.
To become effective, the JJB CVA requires the approval of the requisite majority of JJB CVA
Creditors and the Blane CVA requires the approval of the requisite majority of Blane CVA Creditors.
It is a condition of each CVA that it will only become effective if the Implementation Date for both
CVAs occurs.
A company voluntary arrangement also requires the approval of more than 50 per cent. in value of
the company's members present in person or by proxy and voting at a meeting on the resolution to
approve the company voluntary arrangement. However, in accordance with section 4(A)(2) of the
Insolvency Act, if the outcome of the meeting of members differs from the outcome of the meeting
of the company's creditors, the decision of the creditors will prevail, subject to the right of any
member to apply to the Court (in the case of JJB) or Scottish Court (in the case of Blane) to
challenge the approval of the company voluntary arrangement
The CVAs are not conditional upon shareholders of JJB approving the issue of the Warrants to BoS
and the CVAs can proceed if the issue of the Warrants to BoS is not approved.
If the CVAs are approved at the relevant Creditors' meetings and are not then the subject of any
successful challenge, the new financing arrangements will be available to the Group.
5
If the CVAs are not approved at the relevant meetings or, if approved but subject to any
challenge, the Standstill may terminate, all outstanding amounts under the Group's existing
debt facilities will become due and payable and the new financing arrangements will not
become available to the Group. In these circumstances, it is likely that JJB and the other
entities within the Group will no longer be able to trade as going concerns which is likely to
result in the appointment of liquidators or administrators.
Your vote on the Proposal is very important. Please take the time to consider the documents that
have been sent to you and take appropriate action, including the return of the relevant Proxy Form.
DOCUMENTS RECEIVED
You will have received the following documents:
1. a letter from the Nominees of JJB and Blane
2. a Voting & Notice of Claim for each Company
3. a Proxy Form for each Company
4. this Proposal, including notices of meetings and, within its annexes, a Summary Statement
of Affairs for each Company
5. the Nominees' comments on the Proposal
There are different coloured and numbered Proxy Forms for the various creditors' meetings and
members' meetings convened to vote on the CVAs. The following Proxy Forms will be in use at
those meetings:
Green
Proxy Forms apply to JJB members and bear number "1"
Red
Proxy Forms apply to JJB creditors and bear number "2"
Pink
Proxy Forms apply to Blane members and bear number "3"
Yellow
Proxy Forms apply to Blane creditors and bear number "4"
NEXT STEPS
If you are a creditor of JJB or Blane, please complete and submit your Voting & Notice of Claim to
KPMG LLP at St James' Square, Manchester, M2 6DS (attention: Brian Green) by 24 April 2009.
If you are a creditor of JJB or Blane and are unable or do not wish to attend your relevant creditor
meeting, submit your Proxy Form(s) to KPMG LLP at St James' Square, Manchester, M2 6DS or
alternatively fax: 0161 246 4040 (in either case mark for the attention of Brian Green) by 11:00 a.m.
on 24 April 2009.
If you are a member of JJB and are unable or do not wish to attend your relevant member meeting,
submit your Green Proxy Form to Capita Registrars at Proxy Department, The Registry, 34
Beckenham Road, Beckenham, Kent, BR3 4TU by 11:00 a.m. on 27 April 2009.
WHERE TO FIND HELP
If you have not received a Voting & Notice of Claim or Proxy Form for the meeting at which you
wish to vote, please ring the CVA helpline on 0844 815 6067.
Details of how to vote at the meetings and how to make a claim for payments are contained in Part
II (Action to be taken by CVA Creditors and Members) and Part VII (Terms of the Company
Voluntary Arrangements) of this Proposal.
6
TABLE OF CONTENTS
Headings Page
SECTION 1: PROPOSAL.................................................................................................................. 9
KEY DATES AND EXPECTED TIMETABLE OF KEY EVENTS...................................................... 9
PART I: INTRODUCTION................................................................................................................ 10
1. DIRECTORS' PROPOSAL .......................................................................................... 10
2. BACKGROUND TO AND REASONS FOR THE PROPOSAL.................................... 11
3. DEFINITIONS AND INTERPRETATION..................................................................... 12
4. CONTENTS ................................................................................................................. 12
5. WHAT IS A COMPANY VOLUNTARY ARRANGEMENT?......................................... 13
6. WHY ARE COMPANY VOLUNTARY ARRANGEMENTS REQUIRED? .................... 14
7. CONTINUATION OF OPERATIONS........................................................................... 15
8. OBJECTIVE................................................................................................................. 15
9. SUPPORT OF LANDLORDS....................................................................................... 16
10. CLAIMS AND DISTRIBUTIONS.................................................................................. 17
11. WORKING CAPITAL STATEMENT ............................................................................ 17
12. DESIRABILITY OF THE PROPOSAL ......................................................................... 18
13. RECOMMENDATION TO MEMBERS AND CREDITORS.......................................... 19
PART II: ACTION TO BE TAKEN BY CVA CREDITORS AND MEMBERS.................................. 20
1. ARRANGEMENTS FOR VOTING AT CREDITORS' MEETINGS .............................. 20
2. VOTES IN RELATION TO INTER-COMPANY DEBTS............................................... 21
3. VOTES IN RELATION TO LANDLORDS.................................................................... 21
4. ARRANGEMENTS FOR VOTING AT MEMBERS' MEETINGS ................................. 21
5. CREDITORS AND MEMBERS WITH QUERIES ........................................................ 22
PART III: STATUTORY INFORMATION, BACKGROUND AND FINANCIAL
INFORMATION............................................................................................................ 23
1. CORPORATE INFORMATION.................................................................................... 23
2. HISTORY..................................................................................................................... 23
3. ASSETS AND LIABILITIES ......................................................................................... 24
4. CLAIMS BY A LIQUIDATOR ....................................................................................... 26
5. THIRD PARTY PROPERTY ........................................................................................ 26
6. PROPOSED DURATION OF THE CVAS.................................................................... 26
7. PAYMENTS TO NOMINEE ......................................................................................... 27
8. APPLICATION OF FUNDS.......................................................................................... 27
7
PART IV: KEY TERMS OF THE PROPOSAL ................................................................................ 28
1. TERMS OF THE ARRANGEMENTS........................................................................... 28
2. PREFERENTIAL AND SECURED CREDITORS........................................................ 32
PART V: ESTIMATED OUTCOMES FOR CREDITORS ................................................................ 33
1. ESTIMATED OUTCOMES FOR CREDITORS............................................................ 33
2. WORKED EXAMPLES OF THE METHODOLOGY FOR VALUING THE
CVA CLAIM OF A CLOSED PREMISES LANDLORD................................................ 34
PART VI: TAX INFORMATION AND TAX DISCLAIMER............................................................... 36
1. TAX INFORMATION AND TAX DISCLAIMER............................................................ 36
SECTION 2: TERMS OF THE PROPOSAL.................................................................................... 37
PART VII: TERMS OF THE COMPANY VOLUNTARY ARRANGEMENTS .................................. 37
1. DEFINITIONS AND INTERPRETATION..................................................................... 37
2. APPLICATION OF THE CVAS.................................................................................... 37
3. IMMEDIATELY EFFECTIVE PROVISIONS OF THE CVAS....................................... 37
4. CONDITIONS PRECEDENT TO THE CVAS.............................................................. 37
5. OPERATION OF THE COMPANIES........................................................................... 38
6. MORATORIUM............................................................................................................ 38
7. ESTABLISHING ALLOWED CVA CLAIMS ................................................................. 39
8. EFFECT UPON EXISTING UNSECURED LIABILITIES OF A COMPANY................ 39
9. EFFECT UPON PROPERTY LIABILITIES OF A COMPANY..................................... 39
10. CPL PAYMENT AMOUNTS......................................................................................... 39
11. APPLICATION OF THE CPL PAYMENT AMOUNT.................................................... 40
12. COMPROMISE OF THE LIABILITY DUE TO CLOSED PREMISES
LANDLORDS............................................................................................................... 40
13. PAYMENT OF ALLOWED CLOSED PREMISES CLAIMS......................................... 43
14. BLANE LEASES GUARANTEED BY JJB ................................................................... 43
15. OSC PARENT GUARANTEES.................................................................................... 44
16. DISPUTED CLAIMS OF CLOSED PREMISES LANDLORDS.................................... 45
17. COMPROMISE OF THE CONTINGENT PROPERTY CREDITORS CVA
CLAIM .......................................................................................................................... 46
18. DEALING WITH CLOSED PREMISES ....................................................................... 46
19. OPEN PREMISES LANDLORDS................................................................................ 47
20. ASSETS....................................................................................................................... 48
21. FULL AND FINAL SETTLEMENT ............................................................................... 48
22. PAYMENT OF DISPUTED DISTRIBUTIONS AND MISCELLANEOUS
DISTRIBUTION PROVISIONS.................................................................................... 48
8
23. CURRENCY OF PAYMENT ........................................................................................ 50
24. SECURITY................................................................................................................... 50
25. POWERS AND INTENTIONS OF THE CVA SUPERVISORS.................................... 50
26. THE CVA SUPERVISORS' REMUNERATION ........................................................... 53
27. NO CREDITORS' COMMITTEE.................................................................................. 53
28. NO WARRANTIES OR REPRESENTATIONS............................................................ 53
29. RECORDS................................................................................................................... 54
30. VACANCY IN OFFICE OF SUPERVISORS................................................................ 54
31. VARIATION.................................................................................................................. 54
32. SET-OFF...................................................................................................................... 55
33. ASSIGNMENTS........................................................................................................... 55
34. TERMINATION OF THE CVAS................................................................................... 55
35. NOTICES..................................................................................................................... 56
36. NO PERSONAL LIABILITY.......................................................................................... 56
37. GOVERNING LAW AND JURISDICTION ................................................................... 57
38. EC REGULATION ON INSOLVENCY PROCEEDINGS............................................. 57
ANNEX 1: DEFINITIONS AND INTERPRETATION ....................................................................... 58
ANNEX 2: STATUTORY INFORMATION....................................................................................... 67
ANNEX 3: LIST OF FITNESS CLUBS PREMISES ........................................................................ 69
ANNEX 4: LIST OF CLOSED PREMISES...................................................................................... 73
ANNEX 5: LIST OF OPEN PREMISES........................................................................................... 80
ANNEX 6: OUTCOME STATEMENTS............................................................................................ 95
ANNEX 7: CLOSED PREMISES LANDLORD ASSUMPTIONS.................................................... 97
ANNEX 8: CVA SUPERVISORS AND ADDRESS FOR NOTICE.................................................. 98
ANNEX 9: LIST OF GUARANTEES................................................................................................ 99
ANNEX 10: AVERAGE KPMG CHARGE OUT RATES ............................................................... 101
ANNEX 11: LIST OF SECURITY................................................................................................... 102
ANNEX 12: NOTICE OF MEETINGS............................................................................................ 109
ANNEX 13: FORMS OF PROXY................................................................................................... 114
ANNEX 14: VOTING & NOTICE OF CLAIM................................................................................. 118
ANNEX 15: NOTICE OF IMPLEMENTATION DATE.................................................................... 124
ANNEX 16: NOTICE OF TERMINATION...................................................................................... 126
ANNEX 17: TERMS OF RENT CONCESSION AGREEMENT..................................................... 128
ANNEX 18: SUMMARY STATEMENT OF AFFAIRS ................................................................... 130
9
SECTION 1: PROPOSAL
KEY DATES AND EXPECTED TIMETABLE OF KEY EVENTS
Event Date
Announcement of the Disposal and the CVA Proposal 25 March 2009
Dispatch of CVA documents, Proxy Forms and notices of meetings to
the CVA Creditors and members
6 April 2009
Latest date for return of Proxy Forms and Voting & Notice(s) of Claim for
the purpose of voting at the Creditors' meeting
24 April 2009
Date of CVA Creditors' meeting 27 April 2009
Latest date for return of Proxy Forms for the purpose of voting at the
Members' meeting
27 April 2009
Date of CVA members' meeting 29 April 2009
Anticipated date for chairman of CVA Creditors' and members' meetings
to file reports with the Court or Scottish Court under section 4(6) of the
Insolvency Act
30 April 2009
Earliest Implementation Date of the CVA (representing the end of the 28
day challenge period under section 6(3)(a) of the Insolvency Act)
28 May 2009
Earliest anticipated Claims Date (being the last date for the filing of
Voting & Notices of Claim)
25 June 2009
Earliest anticipated payment date for the first payment to Closed Store
Landlords (this date may be later depending on the circumstances at the
relevant time, including the existence of any application to challenge the
CVAs under section 6(3)(a) or (b) of the Insolvency Act)
15 October 2009
Earliest anticipated payment date for the second payment to Closed
Store Landlords (this date may be later depending on the circumstances
at the relevant time, including the existence of any application to
challenge the CVAs under section 6(3)(a) or (b) of the Insolvency Act)
15 January 2010
Earliest anticipated CVA Termination Date (this date may be later
depending on the circumstances at the relevant time, including the
status of any Disputed Claims)
28 February 2010
Notes:
(1) If any of the above dates change, the revised dates will be notified by announcement through the Regulatory
Information Service of the London Stock Exchange.
(2) All references in this document are to London times unless otherwise stated.
10
PART I: INTRODUCTION
1. DIRECTORS' PROPOSAL
1.1 Messrs. Beever, Benzie, Jones, Lane-Smith, Manning and Williams, the directors of JJB
and Messrs. Jones, Manning and Williams, the directors of Blane (together the "Directors"),
propose that the Companies enter into company voluntary arrangements pursuant to Part I
of the Insolvency Act.
1.2 The main objectives of the proposed CVAs are to:
1.2.1 compromise claims of landlords of approximately 140 closed retail stores and
certain related contingent claims (such as claims of former tenants and guarantors,
but not including Rates on those closed stores);
1.2.2 enable landlords of those closed retail stores to make a claim against a total
aggregate fund of £10 million, with payments from that fund in two instalments
(the first instalment of £5,000,001 on 30 September 2009 and the balance of
£4,999,999 on 31 December 2009); and
1.2.3 vary temporarily the terms of leases of the open retail stores, approximately 250
stores in total, such that rent will be paid on a monthly rather than quarterly basis
for a period of twelve months from the Next Quarter Date.
1.3 To become effective, the JJB CVA requires the approval of the requisite majority of JJB
CVA Creditors and the Blane CVA requires the approval of the requisite majority of Blane
CVA Creditors. It is a condition of each CVA that it will only become effective if the
Implementation Date for both CVAs occurs.
1.4 A company voluntary arrangement also requires the approval of more than 50 per cent. in
value of the company's members present in person or by proxy and voting at a meeting on
the resolution to approve the company voluntary arrangement. However, in accordance with
section 4(A)(2) of the Insolvency Act, if the outcome of the meeting of members differs from
the outcome of the meeting of the company's creditors, the decision of the creditors will
prevail, subject to the right of any member to apply to the Court (in the case of JJB) or
Scottish Court (in the case of Blane) to challenge the approval of the company voluntary
arrangement.
1.5 The Nominees in relation to the JJB CVA are Richard Dixon Fleming of KPMG LLP, 8
Salisbury Square, London, EC4Y 8BB and Brian Green of KPMG LLP, St James' Square,
Manchester, M2 6DS.
1.6 The Nominees in relation to the Blane CVA are Richard Dixon Fleming of KPMG LLP, 8
Salisbury Square, London, EC4Y 8BB, Brian Green of KPMG LLP, St James' Square,
Manchester, M2 6DS and Blair Carnegie Nimmo of KPMG LLP, 191 West George Street,
Glasgow, G2 2LG.
1.7 The purpose of this document is to provide you with information about the background to
and reasons for the proposed entry into company voluntary arrangements pursuant to Part I
of the Insolvency Act, including information about the terms of such arrangements, to
explain why the Directors consider the arrangements to be desirable for creditors and in the
best interests of each Company and its shareholders as a whole.
11
2. BACKGROUND TO AND REASONS FOR THE PROPOSAL
2.1 On 25 March 2009, JJB announced, inter alia, the disposal of the Fitness Clubs Business, a
summary of the proposed CVAs and the key terms of new financing arrangements to be
provided by the Continuing Lenders.
2.2 The Board has been actively pursuing a strategy of returning JJB's core retail sports
business to profitability by a number of measures, including reducing stock levels, reducing
costs and the disposal of the Fitness Clubs Business. JJB signed an agreement for, and
completed, the disposal of the Fitness Clubs Business on 25 March 2009. Notwithstanding
this, given the current retail environment, the Board considers that JJB's future viability is
dependent upon the entry into an arrangement involving the compromise and release of
certain long term liabilities. JJB is currently paying approximately £12.5 million per annum in
rent and service charges in relation to closed retail stores and Blane is currently paying
approximately £4.8 million per annum in rent and service charges in relation to closed retail
stores per annum. Annex 18 (Summary Statement of Affairs) sets out further details of
these and other liabilities of JJB and Blane. The Directors have therefore proposed the
CVAs to the unsecured creditors of JJB and Blane. If the CVAs proceed, landlords of closed
retail stores will be entitled to make a one-off claim against a total aggregate fund of £10
million and JJB and Blane will be relieved of their liabilities to such landlords. Annex 6
(Outcome Statements) sets out the likely impact of the CVAs on landlords.
2.3 In order to provide the Group with access to working capital during the period in which the
CVAs are considered by the unsecured creditors and shareholders of JJB and Blane, JJB's
existing facilities are currently available until 17 June 2009 pursuant to the revised standstill
arrangements agreed on 25 March 2009 with JJB's existing lenders, Barclays, BoS (a
wholly-owned subsidiary of Lloyds) and Kaupthing. The Lenders have the right to
accelerate the standstill expiry date from 17 June 2009 in the event that either they are not
satisfied with the progress of the CVAs or the CVAs are not approved or effected before
that time. The Lenders also have the right to accelerate the standstill expiry date if, inter alia,
they are not satisfied with the trading performance of JJB or if the deferred consideration for
the disposal of the Fitness Clubs Business is not paid in accordance with the terms of the
transaction documentation.
2.4 Whilst JJB has entered into New Facilities with each of the Continuing Lenders, the New
Facilities are still conditional and not yet available to JJB. Pursuant to the terms of the
Barclays Facility, Barclays will make a short term £25 million loan available to JJB until 31
August 2009 and pursuant to the terms of the BoS Facility, BoS will make a medium term
£25 million working capital facility available until 30 September 2010. The New Facilities will
only be available to JJB, inter alia, if the CVAs are approved at the relevant meetings
and are not then the subject of any successful challenge. Upon drawdown, the New
Facilities will replace JJB's existing bi-lateral facilities.
2.5 JJB has paid an initial arrangement fee of £125,000 to Barclays in connection with the
Barclays Facility. A further fee of £125,000 is payable prior to first utilisation. In exchange
for the continuing support of BoS pursuant to the BoS Facility, JJB intends to issue warrants
to BoS (or an affiliate of BoS) entitling the holder to subscribe for new ordinary shares
representing 4.5% of the current issued share capital of JJB, subject to shareholder
approval. In the event that shareholder approval for the issue of warrants is not obtained,
the BoS Facility would not terminate but JJB would pay an arrangement fee to BoS of
£500,000 on the final maturity date of the BoS Facility.
12
2.6 The CVAs are not conditional upon shareholders of JJB approving the issue of the warrants
to BoS and the CVAs can proceed if the issue of the warrants to BoS is not approved. If the
CVAs are approved at the relevant Creditors' meetings and are not then the subject of any
successful challenge, the New Facilities will be available to the Group.
3. DEFINITIONS AND INTERPRETATION
3.1 Expressions defined in Part A of Annex 1 (Definitions and Interpretation) which are used in
the terms of the CVAs shall have the meanings specified in Part A of Annex 1 (Definitions
and Interpretation) unless the context otherwise requires and Part B of Annex 1 (Definitions
and Interpretation) shall apply as if set out in full in this Paragraph 3.
3.2 Section 1, Parts I to VI of this Proposal set out a general description of the Proposal and
provide a brief summary of the binding terms of this Proposal. The binding terms of this
Proposal are set out in Section 2, Part VII (Terms of the Company Voluntary Arrangements).
3.3 Unless otherwise stated, references to:
3.3.1 Paragraphs are references to Paragraphs in Part I (Introduction) to Part VI (Tax
Information and Tax Disclaimer) and to Paragraphs in each of the Annexes; and
3.3.2 Clause numbers are to Clauses in Part VII (Terms of the Company Voluntary
Arrangements).
4. CONTENTS
4.1 The Proposal deals with the following matters:
Part I Introduction: which explains what a company voluntary arrangement is and
which includes a summary of the Proposal;
Part II Action to be taken by CVA Creditors and Members: which contains information
for creditors and members regarding the voting procedure at the meetings
convened for the purpose of approving the Arrangement;
Part III Statutory Information, Background and Financial Information: which includes
details about each Company and its current financial position and information
required by the Insolvency Act;
Part IV Key Terms of the Proposal: which explains the key commercial terms of the
Arrangements;
Part V Estimated Outcome for CVA Creditors: which contains estimated outcomes for
the CVA Creditors on the basis that (i) the CVAs succeed, (ii) the Companies
were liquidated and (iii) the Companies were placed into administration;
Part VI Tax Information and Tax Disclaimer: which contains an important notice in
respect of tax; and
Part VII Terms of the Company Voluntary Arrangements: which sets out the binding
terms of the compromises and other arrangements under the CVAs.
13
5. WHAT IS A COMPANY VOLUNTARY ARRANGEMENT?
5.1 A company voluntary arrangement is a procedure under Part I of the Insolvency Act. It is a
formal procedure which enables a company to agree with its creditors a composition in
satisfaction of its debts or a scheme of arrangement of its affairs which can determine how
its debts should be paid and in what proportions. It requires the approval of a majority in
excess of 75 per cent. in value of the company's creditors present in person or by proxy and
voting at a meeting on the resolution to approve the arrangement.
5.2 If a company voluntary arrangement is validly approved, it binds all the company's creditors
who were entitled to vote at the meeting (whether or not they so voted) or would have been
so entitled had they received notice of the meeting.
5.3 A resolution, however, will be invalid if those creditors voting against it include more than
half in value of the creditors, for these purposes counting only those creditors:
5.3.1 to whom notice of the meeting was sent;
5.3.2 whose votes were not left out of account due to no written Voting & Notice of
Claim having been received at or prior to the meeting, or where the claim or part
of it is secured (including on a current bill of exchange or promissory note); and
5.3.3 who are not, to the best of the chairman of the meeting's belief, persons
connected with the relevant Company.
5.4 A company voluntary arrangement also requires the approval of more than 50 per cent. in
value of the company's members present in person or by proxy and voting at a meeting on
the resolution to approve the company voluntary arrangement. However, in accordance with
section 4(A)(2) of the Insolvency Act, if the outcome of the meeting of members differs from
the outcome of the meeting of the company's creditors, the decision of the creditors will
prevail, subject to the right of any member to apply to the Court (in the case of JJB) or
Scottish Court (in the case of Blane) to challenge the approval of the company voluntary
arrangement.
5.5 Creditors who are based in the European Union (including the U.K.) should note that by
virtue of the EC Regulation on Insolvency Proceedings, the courts of the European Union
member states (other than Denmark) are obliged to recognise a company voluntary
arrangement for a company which is determined to have its centre of main interests in the
United Kingdom.
5.6 Any creditor entitled to vote at a meeting to approve a company voluntary arrangement may
apply to the relevant Court or Scottish Court on one or both of the following grounds:
5.6.1 that a company voluntary arrangement unfairly prejudices the interests of that
creditor; or
5.6.2 that there has been some material irregularity at or in relation to the meetings
called to approve the company voluntary arrangement.
Any such application must be made by a creditor within 28 days of the chairman of the
relevant meeting of creditors reporting the result of the meeting to the relevant Court or
Scottish Court, or, if the creditor was not given notice of the relevant meeting of creditors,
such application must be made within 28 days of the creditor becoming aware that the
14
relevant creditors' meeting had taken place.
6. WHY ARE COMPANY VOLUNTARY ARRANGEMENTS REQUIRED?
6.1 As described in further detail in Paragraph 11 (Working Capital Statement) below, the
Directors are of the opinion that the Group does not have sufficient working capital for their
present requirements, that is, for at least 12 months from the date of posting of the Proposal.
6.2 The Fitness Clubs Disposal completed on 25 March 2009. The estimated total
consideration payable by Dave Whelan Sports Limited (the "Purchaser") for the Fitness
Clubs Business and related stock is approximately £83.4 million. This comprises
approximately £40 million of initial consideration, subject to completion adjustments, paid on
completion, approximately £33.9 million of deferred consideration to be paid into an escrow
account on 16 April 2009 and approximately £9.5 million of consideration for the stock in the
Fitness Clubs Business as at completion to be paid on 1 May 2009. The deferred
consideration of approximately £33.9 million will, after deduction of certain costs, expenses
and other agreed amounts, be released to JJB from the escrow account as and when
landlord's consent is obtained to the assignment of the relevant leasehold properties.
Payments will not be made from the escrow account until an agreed number of leases have
been assigned. The Directors expect the process of assignment of all of the leases to be
completed over the next six months. In connection with the Fitness Clubs Disposal, the
parties have agreed to a number of customary restrictions to protect their respective
interests. Subject to certain exceptions, JJB has agreed not to own or operate a fitness club
in the United Kingdom for a period of 36 months from completion.
6.3 Notwithstanding the receipt of the proceeds from the Fitness Clubs Disposal, the Group
require the continued support of the Lenders. Accordingly, the Companies entered into the
Standstill in order to allow them to proceed with the Proposal. The Standstill ensures that,
subject to certain conditions, the Existing Facilities remain available to the Group whilst the
Proposal is being considered by each of the members and creditors of the Group.
6.4 If the Proposal is:
6.4.1 approved by the requisite majority of each of the Company's creditors; and
6.4.2 the Implementation Date occurs,
the Existing Facilities and the Standstill will terminate and the New Facilities, subject to the
satisfaction of customary conditions precedent, will become available to the Group.
6.5 Having regard to the principal terms of the New Facilities agreed with the Continuing
Lenders, the Directors believe that the funds that will be available to the Group under the
New Facilities will, as further described in Paragraph 11 (Working Capital Statement) below,
assist in providing the additional working capital thought by the Directors to be necessary to
enable the Group to continue to trade.
6.6 If the Proposal is rejected by the CVA Creditors and the Implementation Date does
not occur, the New Facilities will not become available to the Companies and, as a
result, it is unlikely that either Company will be able to continue to trade as a going
concern. Therefore, the failure to achieve the approval of the Proposal and the
subsequent Implementation Date is likely to result in each Company going into
administration or liquidation. Please refer to Paragraph 11 (Working Capital
Statement) below for a more detailed discussion of the Group's working capital
15
position.
6.7 Outcome Statements in respect of JJB can be found at Part A of Annex 6 (Outcome
Statements) and Outcome Statements in respect of Blane can be found at Part B of
Annex 6 (Outcome Statements). Those statements indicate that the return to
creditors generally (and to Closed Premises Landlords in particular) is likely to be
significantly lower if either Company is placed into administration or liquidation than
if the Arrangement is approved.
7. CONTINUATION OF OPERATIONS
Unlike many company voluntary arrangements, which provide for the realisation of all or
part of a company's assets and the application of the proceeds of realisation in discharge of
that company's liabilities, the Proposal will see the businesses of the Companies continue
to trade in the ordinary course and meet their liabilities as they fall due (subject to the
compromises described herein). This means that the amounts due to Preferential Creditors
and Secured Creditors and other creditors (other than CVA Property Creditors and Open
Premises Landlords) will continue to be met by the relevant Company as they fall due.
8. OBJECTIVE
8.1 The objective of the Proposal is to restore the viability of each Company's business model
and to assist in a return to profitability. Key terms of the Proposal are contained in Part IV
(Key Terms of the Proposal) of this document. In summary, to achieve that objective, the
following compromises and arrangements are provided for:
8.1.1 in relation to Open Premises Leases and Open Premises Landlords, the
Companies shall:
(A) continue to trade (or where the Open Premises are not yet
open, commence trading) from the Open Premises and pay
amounts due under the Open Premises Leases; but
(B) from the Next Quarter Day and for the period of 12 months
thereafter, the Companies will not be obliged to pay the Open
Premises Rent at the times specified in those leases and will
instead during that period pay the annual rent in 12 equal
monthly instalments in advance;
8.1.2 in relation to Contingent Property Creditors, compromise and release any
Contingent Property Creditor Liability due from either Company to the Contingent
Property Creditor for £1. The nature of the contingencies applicable to such
payments are such that there is no certainty that a Contingent Property Creditor
would make any recovery in a liquidation of the Companies and therefore it is
appropriate that all such claims be compromised at £1;
8.1.3 in relation to Closed Premises Leases and Closed Premises Landlords, the
Companies shall:
(A) cease to have any obligation to make any payments to Closed
Premises Landlords pursuant to the terms of any Closed
Premises Lease;
16
(B) pay (on the dates provided for in the CVAs) to Closed
Premises Landlords with Allowed CVA Claims the amount
provided for in the CVAs in respect of their Allowed CVA Claim;
(C) agree to the surrender, forfeiture, irritancy or assignment of the
Closed Premises Lease at the option of the relevant Closed
Premises Landlord (subject to each party meeting its own legal
fees in respect of such surrender, forfeiture or assignment);
(D) where liable, pay any Rates payable by the Companies in
respect of a Closed Premises until the relevant Closed
Premises Lease expires (by exercise of a break clause or
passage of time) or is surrendered, forfeited, irritated or
assigned; and
(E) pay to the Closed Premises Landlords any amounts received
by the Companies from Sub-Tenants; and
8.1.4 in relation to OSC Parent Guarantees, OSC Premises Leases and OSC Premises
Landlords:
(A) compromise and release any Liability due from JJB to the OSC
Premises Landlord pursuant to an OSC Parent Guarantee or
an OSC Premises Lease; and
(B) pay (on the dates provided for in the CVAs) to OSC Premises
Landlords with Allowed CVA Claims the amount provided for in
the CVAs in respect of their Allowed CVA Claim.
8.2 Consequences of the CVAs for other creditors
8.2.1 All Unsecured Creditors of each of the Companies (other than CVA Property
Creditors and Open Premises Landlords) shall continue to be paid in full.
8.2.2 The CVAs do not affect the rights of any Secured Creditor. The Secured Creditors
will continue to be paid in full.
8.2.3 All Preferential Creditors shall be paid in full.
8.2.4 The CVAs do not affect the rights of Fitness Club Premises Landlords insofar as
those rights relate to Fitness Club Premises.
9. SUPPORT OF LANDLORDS
9.1 The Directors have informally approached a number of the Companies' major landlords to
gauge whether they would be prepared to vote in favour of a company voluntary
arrangement in similar terms to that set out in the Proposal.
9.2 The initial indications given by those landlords is that they would, in principle, be prepared
to vote in favour of a company voluntary arrangement in similar terms to that set out in the
Proposal.
17
10. CLAIMS AND DISTRIBUTIONS
10.1 Other than Existing Unsecured Creditors only those CVA Creditors with Allowed CVA
Claims will receive a Payment from the Companies.
10.2 CVA Creditors who wish to participate in Payments and who have not submitted a Voting &
Notice of Claim for the purpose of voting at the creditors' meetings, must submit details of
their CVA Claims to the CVA Supervisors as soon as possible after the approval of the
CVAs, and in any event no later than the Claims Date by completing and submitting a
Voting & Notice of Claim.
10.3 A Closed Premises Landlord or OSC Premises Landlord who submits a Voting & Notice of
Claim after the Claims Date may lose any right to receive Payment save in exceptional
circumstances (see Clause 12.8 of Part VII (Terms of Company Voluntary Agreements)).
The "Claims Date" is the date falling 28 days after the Implementation Date.
11. WORKING CAPITAL STATEMENT
11.1 The Company is of the opinion that the Group does not have sufficient working capital for its
present requirements, that is, for at least 12 months from the date of this document.
11.2 The Company remains dependent on the continuing support of its Lenders to continue
trading. Accordingly, in order to allow it to proceed with the Proposal (as described in detail
above), the Company has agreed the Standstill with the Lenders until 17 June 2009. The
Lenders will have the right to accelerate the Standstill expiry date from 17 June 2009 in the
event that either they are not satisfied with the progress of the CVAs or the Proposal is not
approved or effected before that time. The Lenders will also have the right to accelerate the
Standstill expiry date if, inter alia: (i) they are not satisfied with the trading performance of
the Company; (ii) if the deferred consideration for Fitness Clubs Disposal is not paid into an
escrow account on or before 16 April 2009; or (iii) if they are not satisfied with the progress
of the assignment of leases in respect of the Fitness Clubs Business.
11.3 The Company has also agreed and entered into the New Facilities with the Continuing
Lenders. The New Facilities will, subject to certain customary conditions precedent, become
available to the Company if the Proposal is approved at the meetings of creditors and is not
then the subject of any challenge within 28 days of such approval having been reported to
the Court (the "Challenge Period"). On the date the New Facilities becomes available
(after the expiry of the Challenge Period expected to be on or about 28 May 2009) each of
the Existing Facilities will be repaid in full and the Standstill will be terminated.
11.4 Whilst the Directors are firmly of the view that the Proposal and the CVA process in general
will facilitate a better outcome for creditors than would occur if the Company were placed
into liquidation or administration, the success of the CVA process is dependent upon voting
by creditors.
11.5 If the Standstill is terminated or if the Proposal is not approved at the meetings of creditors
or, if it is approved but is then the subject of any challenge within the Challenge Period
(expected to end on or about 28 May 2009), the New Facilities will not become available to
the Company and it is likely that each of the Companies will no longer be able to trade as
going concerns which is likely to result in the appointment of receivers, liquidators or
administrators.
18
11.6 As outlined above, under the terms of the New Facilities, initial committed facilities of £50
million will be made available to the Group upon the expiry of the Challenge Period
(assuming there has been no challenge or the Standstill has not otherwise terminated within
that time). The Barclays Facility will be repaid progressively as the deferred consideration
proceeds from the disposal of the Fitness Clubs Business are received and must be repaid
in full by the end of August 2009. The BoS Facility will be committed through until the end of
September 2010. On the basis of this level of facility, the Company is of the opinion that it
will not have sufficient working capital for its then present requirements, that is for the 12
months from the date of this document and a shortfall is likely to occur sometime towards
the end of 2009.
11.7 In considering the working capital thought to be necessary for the Group and in determining
the shortfall, the Directors have assumed that: (i) largely all of the deferred consideration of
approximately £33.9 million payable, after the deduction of certain costs, expenses and
other agreed amounts, by the Purchaser to the Company is released from escrow to the
Company by no later than 31 August 2009; (ii) the Company's new business strategy is
executed in accordance with its latest business plan for the Group; (iii) the Company
executes its objective of reducing the working capital required by the business as its funding
position stabilises; and (iv) volatility in the foreign exchange markets does not substantially
impact margins.
11.8 The Company proposes to provide the necessary working capital thought by the Directors
to be necessary through a number of initiatives, developed in consultation with the Lenders,
including:
11.8.1 reduction in discretionary capital expenditure on existing stores, including the
rescheduling of proposed store refurbishments;
11.8.2 further business restructuring, including streamlining business processes;
11.8.3 negotiation of improved terms of trade;
11.8.4 sale and leaseback of all or part of the Company head office site; and
11.8.5 sale of one or more of the Company's remaining non-core assets which include
the two remaining fitness clubs in Ireland and brands that the Company no longer
wishes to develop itself.
11.9 Work on these initiatives has already commenced and initial indications are encouraging. In
due course, the Company intends to explore other sources of finance.
11.10 To the extent that such actions are not successful and the Company is unable to secure
further support from the Continuing Lenders or other sources of finance the Company will
no longer be able to trade as a going concern which would be likely to result in the
appointment of receivers, liquidators or administrators.
12. DESIRABILITY OF THE PROPOSAL
12.1 The Directors had been actively pursuing a recovery programme to return the core sports
retail business of the Companies to profitability by reducing costs, closing underperforming
outlets, selling businesses, improving the management team, reducing stock levels and
developing new formats. Despite those initiatives, the Directors have concluded that the
current and projected sales could not support the current cost base of the business, in
19
particular the high rent roll.
12.2 The Directors are of the opinion that company voluntary arrangements would be of benefit
to the creditors of the Companies because it is anticipated that, under the terms of the
Arrangements, the Unsecured Creditors will receive a greater return on the amount owed to
them than they would do if the Companies were to be subject to any other form of
insolvency proceedings.
12.3 For an analysis of the anticipated outcomes of the Proposal as opposed to the outcomes of
an administration or liquidation of the Company and details of why the Proposal results in a
more advantageous outcome for creditors, please refer to Part IV (Key Terms of the
Proposal) and Part V (Estimated Outcomes for Creditors).
12.4 The CVAs present the best outcome for the Companies and the CVA Creditors (including
Closed Premises Landlords) given that if the Companies entered into a formal insolvency
procedure (liquidation or administration) it is very unlikely that any sale of the business of
the Companies as a going concern would include Closed Premises (on the basis that they
are already closed). Also, before any dividend would be payable to Unsecured Creditors,
the Preferential Liabilities and Secured Creditors would have to be repaid in full.
12.5 The CVAs would permit the continued trading of the Companies' respective businesses.
12.6 Any payment under the CVAs will be paid earlier than any dividend which would be payable
in an administration or liquidation and (for the reasons already stated) for a sum greater
than that which would be payable in an administration or liquidation.
12.7 The Directors are of the opinion that a company voluntary arrangement is a more suitable
procedure for dealing with the affairs and assets of the Companies, being more flexible and
efficient than a formal administration or liquidation and allowing the Companies to continue
to trade under the control of existing management which would not be possible in
administration or liquidation.
12.8 It is the Directors' belief that the Arrangements will be to the advantage of the CVA
Creditors for the following reasons:
12.8.1 if approved, the CVAs would give certainty over returns to CVA Creditors;
12.8.2 absent the approval of the CVAs, it is likely that the Directors will have no other
choice other than to place the Companies into administration or liquidation; and
12.8.3 the Directors are of the opinion that administration or subsequent liquidation will
produce a lesser return for creditors generally than the return which they would
otherwise receive under the Arrangements.
13. RECOMMENDATION TO MEMBERS AND CREDITORS
13.1 The Board considers the Proposal is in the best interests of JJB, its creditors and its
shareholders as a whole and Blane, its creditors and its shareholder.
13.2 The Board unanimously recommends that both creditors and shareholders vote in favour of
the Proposal as the Directors intend to do in respect of their own beneficial holdings in JJB
which amount in aggregate to 694,751 ordinary shares representing approximately 0.28%
of the existing issued ordinary share capital of JJB (excluding treasury shares).
20
PART II: ACTION TO BE TAKEN BY CVA CREDITORS AND MEMBERS
1. ARRANGEMENTS FOR VOTING AT CREDITORS' MEETINGS
1.1 At the creditors' meetings, CVA Creditors will vote on resolutions to approve the
Arrangements. The form of each of the resolution is set out in the Notice of Meetings.
1.2 A person wishing to vote at a creditors' meeting, will need to submit a Voting & Notice(s) of
Claim before the relevant creditors' meeting or bring the Voting & Notice of Claim with them
to the meeting.
1.3 A Voting & Notice of Claim to be completed is enclosed with the Proposal.
1.4 It is intended that, except for the formal business of voting, all of the creditors' meetings for
the CVA Companies will be held concurrently so that everyone claiming to be a CVA
Creditor may hear the Nominee's comments and their answers to questions from the floor.
However, for the purposes of voting, persons claiming to be CVA Creditors will be asked to
vote in each CVA for each Company of which that person claims to be a CVA Creditor.
1.5 Voting is by value alone and is based on the value of a CVA Creditor's debt as at the date
of the creditors' meeting as ascertained by the chairman of the meeting in accordance with
Paragraphs 1.6, 1.7 and 3 below.
1.6 In respect of JJB, the Nominee will act as the chairman of the creditors' meeting. The
chairman will have the power, under Rule 1.17A of the Insolvency Rules, to ascertain the
entitlement of persons wishing to vote and to admit or reject their claims accordingly. The
chairman will base his decision on the books and records of the Companies and such other
evidence he considers appropriate. The figure accepted for voting purposes at the meetings
of creditors will not necessarily be the same as the figure which is ultimately accepted for
payment of claim purposes or any other purpose. Rule 1.17 of the Insolvency Rules
provides for a debt of an unliquidated amount or any debt whose value is not ascertained to
be valued at £1 unless the chairman of the creditors' meeting agrees to place a higher value
on it.
1.7 In respect of Blane, the Nominee will act as the chairman of the creditors' meeting. The
chairman will have the power, under Rule 1.15B of the Insolvency (Scotland) Rules, to
ascertain the entitlement of persons wishing to vote and to admit or reject their claims
accordingly. In order for a person to have their claim admitted they are required to produce
written evidence to vouch for their claim although the chairman may dispense with that
requirement on the basis of the books and records of Blane and such other evidence as he
considers appropriate. The figure accepted for voting purposes at the meetings of creditors
will not necessarily be the same as the figure which is ultimately accepted for payment of
claim purposes or any other purpose. Rule 1.15B of the Insolvency (Scotland) Rules
provides for a debt of an unliquidated amount or any debt whose value is not ascertained to
be valued at £1 unless the chairman of the creditors' meeting agrees to place a higher value
on it.
1.8 Proxy Forms are enclosed with the Proposal for use if a person wishes to vote by proxy.
Any person seeking to vote as a proxy for a person claiming to be a CVA Creditor must
have a copy of the proxy available at the meeting.
1.9 If a person claiming to be a CVA Creditor wishes to appoint the chairman of the meetings to
be his proxy, the Proxy Form must specifically direct the chairman to vote either for, or
21
alternatively against, the relevant proposal and any modification thereto. Failure to give a
specific direction to the chairman will result in the Proxy Form being invalid and the person
claiming to be a CVA Creditor not being entitled to vote at the meeting.
1.10 If any person wishes to represent a corporation pursuant to a resolution authorising him to
do so under section 323 of the Companies Act 2006 he must produce a copy of the
resolution to the chairman of the relevant creditors' meeting. The copy should be certified as
a true copy by a director or secretary of the corporation.
1.11 In order to expedite the procedure for voting at the creditors' meetings, persons wishing to
vote at the creditors' meetings are requested to return their Voting & Notice(s) of Claim and
Proxy Form(s) to the address shown on the forms as soon as possible and in any event by
no later than 11:00 a.m. on Friday 24 April 2009. However, persons wishing to vote at the
meetings may instead bring their Voting & Notice(s) of Claim and Proxy Form(s) with them
to the meetings.
2. VOTES IN RELATION TO INTER-COMPANY DEBTS
Subject always to the provisions of Paragraph 5.3 of Part I (Introduction) which will impact
on the weighting of associated voting, it is the intention of the Directors to vote all Inter-
Company Debts owed to that Company in favour of each relevant CVA.
3. VOTES IN RELATION TO LANDLORDS
3.1 In relation to the procedure for admission of creditors' claims for voting purposes, Landlords
are not distinguished from other CVA Creditors and accordingly, Rule 1.17A of the
Insolvency Rules (in respect of JJB) and under Rule 1.15B of the Insolvency (Scotland)
Rules (in respect of Blane) applies to ascertain the entitlement of Landlords wishing to vote
and the chairman has the power to admit or reject their claims accordingly.
3.2 Claims for future rent, dilapidations and other sums which may be due in respect of
Premises and Fitness Clubs Premises are unliquidated and unascertained. Accordingly
Rule 1.17(3) of the Insolvency Rules (in respect of JJB) and Rule 1.15A of the Insolvency
(Scotland) Rules (in respect of Blane) applies and the chairman of the meeting shall value
the claim of each Landlord (for voting purposes) at £1, unless he agrees to put a higher
value on it.
3.3 The chairman will not speculate on and is not obliged to investigate landlord's claims.
However, it is intended that for voting purposes, the claims of all Landlords will be
calculated on the basis on which the total Allowed CVA Claim of each Closed Premises
Landlord will be calculated in accordance the Proposal, less a discount to reflect the nature
of the test set out in Rule 1.17(3) of the Insolvency Rules (in respect of JJB) and Rule 1.15A
of the Insolvency (Scotland) Rules (in respect of Blane).
4. ARRANGEMENTS FOR VOTING AT MEMBERS' MEETINGS
4.1 At each members' meeting the relevant members of the Companies will vote on a resolution
to approve the Proposal. The form of the resolution is set out in the Notice of Meeting.
Voting by a member is in accordance with the rights attaching to the members' shares. A
member is nevertheless entitled to vote either for or against the Proposal, or any
modification to it.
4.2 JJB, which is the sole member of Blane, has undertaken to vote in favour of the Proposal at
22
the members' meeting for Blane.
5. CREDITORS AND MEMBERS WITH QUERIES
5.1 It is anticipated that the creditors' meetings and members' meetings will be well attended
and you are therefore strongly advised to raise any queries you have ahead of those
meetings so as to ensure a considered response.
5.2 Creditors wishing to raise queries should call the CVA helpline on 0844 815 6067.
Alternatively, creditors may raise queries by letter addressed to KPMG LLP, St James'
Square, Manchester M2 6DS and marked for the attention of Brian Green.
23
PART III: STATUTORY INFORMATION, BACKGROUND AND FINANCIAL
INFORMATION
1. CORPORATE INFORMATION
The statutory information in respect of each Company's:
1.1.1 date of incorporation;
1.1.2 prior registered names;
1.1.3 registered number;
1.1.4 registered office; and
1.1.5 principal trading address,
can be found at Annex 2 (Statutory Information).
2. HISTORY
2.1 Background
2.1.1 JJB is one of the UK's leading sports retailers. JJB was originally formed in 1971
to acquire the business of a single sports store in Wigan. The original store was
established by JJ Broughton in the early 1900s and was then bought by JJ
Braddock and then JJ Bradburn. When David Whelan bought the store from John
Bradburn he maintained the JJB name. Trading from four stores in 1976, the store
portfolio grew to 120 stores in 1994, at which point JJB was floated on the main
market of the London Stock Exchange.
2.1.2 In 1998, JJB acquired the business of Sports Division, which was JJB's largest
competitor at the time. The acquisition then made JJB the largest sports retailer in
the UK. Since 1998, the Sports Division business has been fully integrated within
the JJB group. JJB now operates from approximately 190 retail stores and Blane
from a further 60 retail stores.
2.1.3 JJB acquired Blane in 1998 and JJB is Blane's sole shareholder. Blane trades
under the JJB name and, like JJB, Blane stores focus on sales of sports footwear,
clothing and equipment.
2.1.4 Following a period of substantial losses as a consequence of difficult high street
trading conditions, on 19 February 2009 joint administrators were appointed to two
of JJB's wholly owned subsidiaries, Original Shoe Company Limited ("OSC") and
Qubefootwear Limited ("Qube"). The appointment of joint administrators to OSC
and Qube was provided for in the terms of the Standstill and did not directly affect
any of the Group's other trading businesses. The joint administrators of both OSC
and Qube are Richard Dixon Fleming, David Costley-Wood and Blair Carnegie
Nimmo of KPMG LLP.
24
3. ASSETS AND LIABILITIES
3.1 The following financial information, so far as within the Directors immediate knowledge, and
otherwise on the basis set out there, can be found in Annex 18 (Summary Statement of
Affairs):
3.1.1 In relation to JJB:
(A) details of JJB's assets, with an estimate of their respective
values; and
(B) the nature and amount of JJB's liabilities.
3.1.2 In relation to Blane:
(A) details of Blane's assets, with an estimate of their respective
values; and
(B) the nature and amount of Blane's liabilities.
3.2 Secured Creditors
3.2.1 The Companies are parties to the Existing Facilities granted by the Lenders.
3.2.2 As at 29 March 2009, the following amounts were outstanding under those
facilities:
(A) Barclays – £29,657,293
(B) BoS – £8,469,000
(C) Kaupthing – £11,276,000
3.2.3 The Lenders have the benefit of security, details of which can be found at Part A
of Annex 11 (List of Security) over all of the assets of the Companies.
3.2.4 Whilst JJB has entered into New Facilities with each of the Continuing Lenders,
the New Facilities are still conditional and not yet available to JJB. Pursuant to the
terms of the Barclays Facility, Barclays will make a short term £25 million loan
available to JJB until 31 August 2009 and pursuant to the terms if the BoS Facility,
BoS will make a medium term £25 million working capital facility available until 30
September 2010. The New Facilities will only be available to JJB, inter alia, upon
the occurrence of the Implementation Date. Upon drawdown, the New Facilities
will replace JJB's existing bi-lateral facilities.
3.3 Other Security
3.3.1 As part of its acquisition of Blane in 1998, JJB issued to the vendors of Blane (the
"Blane Noteholders") loan notes (the "Loan Notes") pursuant to a loan note
instrument dated 11 September 1998. The Blane Noteholders now include the
vendors of Blane and certain of their affiliates. In 2001, JJB undertook to deposit
and maintain cash collateral and to grant cash collateral charges in favour of the
Blane Noteholders. The amount of cash collateral is equal to the principal amount
of the Loan Notes from time to time together with interest due or owing but unpaid.
The amount of cash collateral is currently approximately £168,117,000.
3.3.2 Details of other security granted by the Company in favour of the Blane
Noteholders can be found in Part B of Annex 11 (List of Security).
25
3.4 Preferential Creditors
All Preferential Creditors will continue to be paid in full.
3.5 Unsecured Creditors
3.5.1 The total claims of Unsecured Creditors as advised by the Directors in the
Summary Statement of Affairs in respect of JJB are £373,482,000.
3.5.2 The total claims of Unsecured Creditors as advised by the Directors in the
Summary Statement of Affairs in respect of Blane are £57,184,000.
3.5.3 Voting of the Ordinary Unsecured Creditors at the meetings of creditors is
weighted on the basis of one vote per £1 of outstanding debt owed by the
Companies.
3.5.4 Voting of the CVA Property Creditors and Open Premises Landlords at the
meetings of creditors will be determined by the chairman of the meeting in
accordance with Rule 1.17A of the Insolvency Rules (in respect of JJB) and under
Rule 1.15B of the Insolvency (Scotland) Rules (in respect of Blane).
3.5.5 Ordinary Unsecured Creditors (other than CVA Property Creditors and Open
Premises Landlords) and Excluded Creditors shall continue to be paid in full. The
Liabilities of Closed Premises Landlords, Contingent Property Creditors and Open
Premises Landlords shall be compromised in accordance with the terms of the
Arrangement.
3.6 Connected creditors
It is necessary for the Proposal to set out details of Connected Creditors. The meaning of
Connected Creditors is set out in the section 249 of the Insolvency Act. The following are
Connected Creditors to JJB, together with where available, the approximate debt:
3.6.1 Blane: £148,772,136.
3.6.2 Sports Division (Eirann) Limited: £22,371,124.
3.6.3 KooGa Rugby Limited: £106.
3.6.4 Source Lab Limited: £3,500.
3.6.5 All amounts due from either or both of the Companies to Connected Creditors will
continue to be paid in full in accordance with the terms of the Arrangement.
3.7 Guarantees
3.7.1 A list of guarantees given by each of the Companies can be found at Part A and
Part B of Annex 9 (List of Guarantees).
3.7.2 The list indicates where such guarantees have been granted to a Connected
Creditor.
3.7.3 No guarantee for any Liabilities will be offered by or granted to a Director pursuant
to the Arrangements.
3.8 Prescribed Part
26
3.8.1 The prescribed part is a proportion of floating charge realisations set aside for
unsecured creditors pursuant to section 176A of the Insolvency Act (the
"Prescribed Part"). The Prescribed Part applies to all floating charges created on
or after 15 September 2003.
3.8.2 In respect of JJB, the Directors estimate, to the best of their knowledge and belief,
that if JJB entered liquidation:
(A) the value of the Prescribed Part would be £600,000; and
(B) the value of the JJB's net property would be £8,143,000.
3.8.3 In respect of Blane, the Directors estimate, to the best of their knowledge and
belief, that if Blane entered liquidation:
(A) the value of the Prescribed Part would be £536,000; and
(B) the value of Blane's net property would be £2,665,000.
3.9 The CVAs disapply the Prescribed Part requirement as the CVAs do not involve the
realisation of Assets and the distribution of those proceeds of realisation to creditors.
Instead the CVAs permit the continuation of the Companies' businesses as going concerns.
4. CLAIMS BY A LIQUIDATOR
4.1 The Directors, to the best of their knowledge and belief, do not believe that there are any
circumstances giving rise to the possibility, in the event that the Companies should go into
liquidation, of an application to: (i) (in respect of JJB) the Court for an order in respect of
any transaction which is or may be at an undervalue, a preference, an extortionate credit
transaction or a void floating charge under sections 238, 239, 244 and 245 of the
Insolvency Act or (ii) (in respect of Blane) the Scottish Court for an order in respect of any
transaction which is or may be a gratuitous alienation (i.e. a transaction at an undervalue
under Scottish law), unfair preference, an extortionate credit transaction or a void floating
charge under sections 242, 243, 244 and 245 of the Insolvency Act. It is not proposed to
make provision for indemnifying the Companies in respect of any claims under these
sections.
4.2 In any event, the CVAs envisage that the Companies will continue to trade and will not be
liquidated.
5. THIRD PARTY PROPERTY
No property from any third party is proposed to be included in the Arrangements.
6. PROPOSED DURATION OF THE CVAS
6.1 Each CVA will continue until the CVA Supervisors have completed the implementation of it
in accordance with the terms set out in Part VII (Terms of the Company Voluntary
Arrangements). Accordingly, it is not possible to state with any certainty the proposed
duration of the CVAs. However, it is intended that the CVAs will be concluded as soon as
reasonably practicable.
6.2 The CVAs will come to an end when the CVA Supervisors are satisfied that the obligation
upon the Company to discharge the CPL Payments has been fully satisfied. At such time,
27
the CVA Supervisors will send to creditors and members of each Company who are bound
by the CVA a Notice of Termination.
6.3 The obligations of:
6.3.1 the Open Premises Landlords to accept the amended payment terms in respect of
the Open Premises Leases;
6.3.2 the Closed Premises Landlords to accept that no further payments will be made
under the Closed Premises Leases; and
6.3.3 the Contingent Property Creditors to compromise and release their claims against
the Companies in relation to Closed Premises Leases for £1,
shall survive the termination of the CVAs.
7. PAYMENTS TO NOMINEE
7.1 The Nominees shall be remunerated in respect of their work in preparing and implementing
the CVA and all acts reasonably incidental thereto.
7.2 The basis of the Nominee's remuneration will be fixed by reference to the time properly
given by them and their staff in attending to matters arising in connection with the CVA.
Such time costs shall be charged at the Nominee's standard rates from time to time for
insolvency related work set out in Annex 10 (Average KPMG Charge Out Rates).
7.3 Costs and expenses incurred by the Nominees shall be invoiced to the Companies and
shall be paid by the Companies promptly.
7.4 Any remuneration of the Nominees and any costs or expenses incurred by them shall bear
VAT (if any) at the applicable rate in force from time to time.
7.5 The Nominees anticipate that their fees shall amount to £260,000 in respect of JJB; and
£90,000 in respect of Blane (exclusive of expenses and disbursements).
8. APPLICATION OF FUNDS
8.1 The Arrangements provide for amounts standing to the credit of the Payment Accounts to
be held on bare trust by the Companies for the benefit of the Closed Premises Landlords.
8.2 Payments will be made on the CPL Payment Date to each Closed Premises Landlord with
an Allowed Closed Premises Claim and each OSC Premises Landlord with an Allowed CVA
Claim in respect of OSC Parent Guarantees.
8.3 Interest at the Default Rate will be payable if the Companies do not deposit the relevant
amount of the CPL Payment Amounts to the relevant accounts on the due date. Any such
interest will be distributed to Closed Premises Landlords with Allowed Closed Premises
Claims and OSC Premises Landlords with Allowed CVA Claims in respect of OSC Parent
Guarantees pari passu to their aggregate claims.
28
PART IV: KEY TERMS OF THE PROPOSAL
1. TERMS OF THE ARRANGEMENTS
1.1 This Part IV briefly summarises the binding terms of the Proposal set out in Part VII (Terms
of the Company Voluntary Arrangements).
1.2 Summary of what is proposed
The Arrangements, if implemented, will compromise all liabilities of the Companies to:
1.2.1 Open Premises Landlords as a consequence of the implementation of Rent
Concession Agreements relating to the Open Premises Leases pursuant to the
terms of the CVAs;
1.2.2 Closed Premises Landlords and Contingent Property Creditors as a consequence
of the proposal for Closed Premises pursuant to the terms of the CVAs; and
1.2.3 OSC Premises Landlords as a consequence of the proposal for OSC Parent
Guarantees pursuant to the terms of the CVAs.
1.3 Rates
1.3.1 The Rates on all Closed Premises which are the liabilities of the Companies will
be paid by the relevant Company prior to the surrender, forfeiture, irritancy,
assignation or assignment of the relevant Closed Premises Lease (which, in each
case shall take place at the relevant Closed Premises Landlord's option).
1.3.2 The Rates on all Open Premises which are the liabilities of the Companies will be
paid by the relevant Company for the remainder of the term of the relevant Open
Premises Lease.
1.4 Open Premises Landlords
1.4.1 Consequences of the CVAs for Open Premises Landlords:
(A) The Open Premises are listed in Annex 5 (List of Open
Premises).
(B) The Open Premises do not include any premises used by the
Companies in the Republic of Ireland and the terms of leases
in respect of premises located in the Republic of Ireland of
which either of the Companies are a tenant shall continue in full
force and effect.
(C) The Companies will continue to trade from the Open Premises.
(D) During and with effect from the commencement of the Open
Premises Rent Concession Period (which is the period
commencing on the Next Quarter Day and ending on the
Monthly Rent Termination Date) each Open Premises Landlord
shall be bound by a rent concession binding on each relevant
Open Premises Landlord and any successor in title to the
relevant Open Premises Lease and personal to each of the
Companies on the terms set out at Annex 17 (Terms of Rent
29
Concession Agreement) (each a "Rent Concession
Agreement") such that:
(1) the obligation to pay Open Premises Rent on each of the
Open Premises on a quarterly basis in advance shall
cease for the Open Premises Rent Concession Period;
and
(2) the Open Premises Rent for the Open Premises Rent
Concession Period shall instead be paid in twelve equal
monthly instalments in advance with the first instalment
due on the date on which the next payment of Open
Premises Rent is due as prescribed in the relevant Open
Premises Lease, being the Next Quarter Day.
1.5 Closed Premises Landlords
1.5.1 Consequences of the CVAs for Closed Premises Landlords:
(A) The Closed Premises are those listed in Annex 4 (List of
Closed Premises). Closed Premises includes all shops and
other premises of the Companies closed or vacated at the date
hereof, certain premises in relation to which the Companies
have entered into an Agreement for Lease and certain
premises in which a Sub-Tenant is in occupation.
(B) Where Closed Premises are the subject of any Agreement for
Lease, any CVA Claim of a Closed Premises Landlord shall be
assessed on the basis that any lease to be granted pursuant to
an Agreement for Lease shall be deemed to be granted on the
Implementation Date with any outstanding capital payments
due from the Companies under any such Agreements for
Lease for tenants fit out works to be deemed to be
Dilapidations Amounts.
(C) The rights of Closed Premises Landlords against third parties
shall not be affected or compromised by the terms of the CVAs.
(D) A Closed Premises Landlord will be entitled to a CPL Payment
in respect of its Closed Premises Lease if its Voting & Notice of
Claim becomes an Allowed Closed Premises Claim in
accordance with the terms of the CVAs.
(E) A CVA Claim of a Closed Premises Landlord in respect of a
Closed Premises Lease shall only become an Allowed Closed
Premises Claim if it is accepted by the CVA Supervisor. The
CVA Supervisor shall only accept a CVA Claim of a Closed
Premises Landlord in respect of a Closed Premises Lease if it
is calculated applying the Closed Premises Landlord
Assumptions set out in Annex 7 (Closed Premises Landlord
Assumptions).
(F) The Closed Premises Landlord Assumptions have been
30
formulated by the Directors on the basis of professional advice
received from King Sturge LLP. The Closed Premises Landlord
Assumptions will give the Closed Premises Landlords a CVA
Claim that is intended to represent the reasonable economic
loss suffered by Closed Premises Landlords as a consequence
of the terms of the CVA.
(G) A CVA Claim shall be an Allowed Closed Premises Claim if the
CVA Supervisor accepts that it is the aggregate of the following
amounts:
(1) the Total Closed Premises Rent; plus
(2) the Dilapidations Amounts; less
(3) the Mitigation Amount.
(H) The "Total Closed Premises Rent" is the total amount of
Closed Premises Rent assessed to be due to a Closed
Premises Landlord for the Minimum Remaining Term of a
Closed Premises Lease.
(I) The "Dilapidations Amount" is an amount assessed to be the
anticipated dilapidation claims from Closed Premises Landlords.
(J) The "Mitigation Amount" will reduce the CVA Claim of the
Closed Premises Landlord and will include the items set out in
Paragraphs 4 to 6 of Annex 7 (Closed Premises Landlord
Assumptions).
1.5.2 The CPL Payment Amount for JJB shall be the sum of £7,356,259 in aggregate,
which shall be paid by JJB to an account nominated by the CVA Supervisor in
accordance with the terms of the CVAs in two instalments:
(A) £3,678,130 shall be paid to the CVA Supervisor on 30
September 2009; and
(B) £3,678,129 shall be paid to the CVA Supervisor on 31
December 2009.
1.5.3 The CPL Payment Amount for Blane shall be the sum of £2,643,741 in aggregate,
which shall be paid by Blane to an account nominated by the CVA Supervisor in
accordance with the terms of the CVA in two instalments:
(A) £1,321,871 shall be paid to the CVA Supervisor on 30
September 2009; and
(B) £1,321,870 shall be paid to the CVA Supervisor on 31
December 2009.
1.5.4 The Allowed Closed Premises Claims of all Closed Premises Landlords shall rank
rateably amongst themselves (and with the Allowed CVA Claims of OSC
Premises Landlords in respect of OSC Premises Guarantees) and each Closed
Premises Landlord shall be entitled to Payment on a pari passu basis from the
31
CPL Payment Amount on each CPL Payment Date.
1.5.5 A CVA Creditor of Blane who has the benefit of a guarantee from JJB shall have
the right to issue a Voting & Notice of Claim against both Blane and JJB in respect
of its CVA Liability and shall be entitled to receive CPL Payments in accordance
with the terms of the CVAs from both the JJB CPL Payment Amount and the
Blane Payment Amount provided always that the total amount paid to that CVA
Creditor shall not exceed the principal amount of its claim against Blane.
1.5.6 The right of a Closed Premises Landlord to receive CPL Payments in respect of
an Allowed Closed Premises Claim shall be a full and final discharge of all and
any Liability which either Company has to the Closed Premises Landlord under a
Closed Premises Lease. Such discharge and release is automatic and irrevocable.
No further amounts will be payable to the Closed Premises Landlords under the
Closed Premises Leases and there shall be no other obligation of whatsoever kind
owed by either Company in respect of any Closed Premises Lease except as
specifically provided by the terms of the CVAs.
1.5.7 Following the Implementation Date, if a Closed Premises Landlord requests a
Company to enter into an assignation, assignment or surrender of a Closed
Premises Lease, the Company shall enter into such assignment or surrender
provided that it does not incur any liability to any person under or in connection
with the assignation, assignment or surrender, whether at the time it is entered
into or at any time in the future.
1.6 Contingent Property Creditors
1.6.1 Each Companies' contingent Liabilities, being amongst others, its residual
liabilities to landlords under leases where the relevant Company has assigned its
interest to a third party, will be released for £1, as such creditors would be unlikely
to receive any dividend on such claims in an insolvent liquidation of the relevant
Company.
1.6.2 The Contingent Property Creditors have contingent claims against the Companies.
In summary, those creditors include:
(A) guarantors of the Closed Premises Leases (other than JJB in
relation to Closed Premises Leases entered into by Blane);
(B) former tenants of Closed Premises;
(C) guarantors of former tenants of Closed Premises; and
(D) sub-tenants occupying the Closed Premises.
1.7 OSC Premises Landlords
1.7.1 Consequences of the CVAs for OSC Premises Landlords:
(A) An OSC Premises Landlord will be entitled to a CPL Payment
in respect of its OSC Parent Guarantee if its Voting & Notice of
Claim becomes an Allowed CVA Claim in accordance with the
terms of the CVAs.
32
(B) An Allowed CVA Claim of an OSC Premises Landlord in
respect of an OSC Parent Guarantee shall be treated on the
same basis as the CVA Claim of a Closed Premises Landlord
in respect of a Closed Premises Lease save that the amount of
its CVA Claim that shall be treated as being Allowed shall be
an amount equal to:
(1) if its Claim in respect of an OSC Premises Lease has
been admitted for proof in either the administration or
liquidation of OSC, the amount so admitted for proof; or
(2) if its Claim in respect of an OSC Premises Lease has been
rejected for proof in the administration or liquidation of
OSC, nil; or
(3) if it has not, as at the Claims Date, had its claim in respect
of an OSC Premises Lease admitted or rejected for proof
in the administration or liquidation of OSC, its CVA Claim in
respect of its OSC Parent Guarantee will be adjusted by
the CVA Supervisor and shall only be allowed in an
amount equal to the amount for which it would have been
Allowed in accordance with the terms of the CVA had its
OSC Parent Guarantee been a Closed Premises Lease.
2. PREFERENTIAL AND SECURED CREDITORS
The Arrangement will not affect the rights of Preferential Creditors in respect of Preferential
Liabilities nor any creditor to the extent that it has a security interest.
33
PART V: ESTIMATED OUTCOMES FOR CREDITORS
1. ESTIMATED OUTCOMES FOR CREDITORS
1.1 This Part V (Estimated Outcomes for Creditors) only demonstrates the estimated outcomes
for the claims of Closed Premises Landlords and Contingent Property Creditors as at the
Implementation Date and does not demonstrate the impact of the CVAs on the on-going
relationship between the Companies and their creditors.
1.2 The following examples are intended to describe the estimated outcomes for Closed
Premises Landlords on each of the following basis:
1.2.1 each of the CVAs succeeds;
1.2.2 the Companies are liquidated and their respective businesses are not sold as a
going concern with the result that all Open Premises Leases and all Closed
Premises Leases are disclaimed pursuant to section 178 of the Insolvency Act or
(under Scottish law) surrendered or renounced; and
1.2.3 the Companies are in administration and their respective businesses are sold as a
going concern along with the Open Premises Leases, but the Closed Premises
Leases are retained. It is assumed in this outcome that the Closed Premises
Leases will ultimately be disclaimed or (under Scottish law) surrendered or
renounced in a subsequent liquidation of the Companies.
1.3 The Companies' assets comprise primarily interests in leasehold commercial retail real
estate and stock. Following the number of significant high street failures in the past year,
there is no significant active market for interests in leasehold commercial retail real estate.
Nor given the current distress being experienced by comparable high street retail
businesses is there an active market for stock of this nature. It would therefore be difficult,
and involve a high degree of speculation, for the Directors to put a value on those assets
exceeding their liquidation value.
1.4 The estimated outcomes for each of the major creditor groups (excluding Secured Creditors
and Preferential Creditors) in each of the Companies is set out at Annex 6 (Outcome
Statements) on the basis that:
1.4.1 each of the CVAs is successful;
1.4.2 each of the CVAs is unsuccessful and the Companies are liquidated; or
1.4.3 each of the CVAs is unsuccessful and the Companies are placed into
administration.
1.5 It is estimated that the costs of the CVAs will be significantly lower than those that would
otherwise be incurred in the alternative scenarios described above.
34
2. WORKED EXAMPLES OF THE METHODOLOGY FOR VALUING THE CVA CLAIM OF A
CLOSED PREMISES LANDLORD
2.1 Example 1: No Sub-Tenant
Store A is currently trading with annual rent of £300,000 and service charge costs of
£30,000 and has a lease due to expire in March 2016. The landlord of Store A was
paid in advance on 25 March for that rent quarter. The store occupies an area of
15,000 square feet.
The landlord claim is calculated in eight stages as follows:
1) Rent arrears due will be £nil (as paid on 25
March in advance).
2) Rent and service charge amounts to lease expiry equal £2.31 million (£330,000 x
seven years). For the first two years of the lease, it is assumed that the store is
empty and therefore the loss will be incurred in full.
3) A dilapidations provision of £150,000 would also be included in the claim (15,000
sq ft. at £10 per sq. ft.).
Mitigation
4) For the third and fourth years of the lease, it is assumed that the landlord will give
a rent free incentive and therefore only service charges will be received in this
period. This will reduce the loss by £60,000 (based on service charges of £30,000
x 2 years).
5) For the final three years of the lease, it is assumed that rent of 75% of the current
market rent would be achieved; hence the claim will be reduced by £765,000 (75%
of £300,000 plus service charges of £30,000 for 3 years).
6) As property A is not sublet, no further reduction would be made for mitigated
losses.
£000s
-
2,310
150
(60)
(765)
-
7) The net claim prior to any discount factor would therefore be £1.64 million.
1,635
8) The net present value of the claim above discounted at 5% (five per cent.).
1,438
35
2.2 Example 2: Sub-Tenant
Store B is currently closed with annual rent of £300,000 and service charge costs of
£30,000 and has a lease due to expire in March 2016. The landlord of Store B was paid in
advance on 25 March for that rent quarter. The store occupies an area of 20,000 square
feet. Store B has a subtenant which pays annual rent of £270,000 and the service charge
costs of £30,000. The sublease is due to expire in March 2012.
The landlord claim is calculated in 7 stages as follows:
1) Rent arrears due will be £nil (as paid on 25
March in advance).
2) Rent and service charge amounts to lease expiry equal £2.31 million (£330,000 for
7 years).
3) A dilapidations provision of £200,000 would also be included in the claim (20,000
sq ft. at £10 per sq. ft.).
Mitigation
4) Rent and service charge due from subtenant for the remainder of the sublease
(£300,000 for 3 years = £900,000).
5) For the first two years after the expiry of the sublease, it is assumed that the store
is empty and therefore the loss will be incurred in full. For the third and fourth
years from expiry of the sublease, it is assumed that the landlord will give a rent
free incentive and therefore only service charges will be received in this period.
This will reduce the loss by £60,000 (based on service charges of £30,000 for 2
years).
£000s
-
2,310
200
(900)
(60)
6) The net claim prior to any discount factor would therefore be £1.55 million.
1,550
7) The net present value of the claim above discounted at 5% (five per cent).
1,249
36
PART VI: TAX INFORMATION AND TAX DISCLAIMER
1. TAX INFORMATION AND TAX DISCLAIMER
1.1 CVA Creditors, when considering the Proposal should consult their own tax advisers
concerning the tax consequences of the Proposal to determine their own tax position as a
result of the CVAs being implemented and becoming unconditional in accordance with their
terms in the light of their particular situations.
1.2 No representations are made by any person with respect to the tax consequences for any
particular holder of CVA Claims.
37
SECTION 2: TERMS OF THE PROPOSAL
PART VII: TERMS OF THE COMPANY VOLUNTARY ARRANGEMENTS
1. DEFINITIONS AND INTERPRETATION
1.1 Expressions defined in Part A of Annex 1 (Definitions and Interpretation) which are used in
the terms of the CVAs shall have the meanings specified in Part A of Annex 1 (Definitions
and Interpretation).
1.2 The provisions of Part B of Annex 1 (Definitions and Interpretation) shall apply to the
interpretation of the CVAs.
1.3 The terms set out in this Part VII shall take precedence over all other Parts of this Proposal.
2. APPLICATION OF THE CVAS
2.1 The terms of the CVAs shall apply to each of JJB and Blane as a separate company
voluntary arrangement between each Company and its CVA Creditors, save where those
terms relate only to a specific Company or, if the context so requires, those terms shall
apply only in the CVA of that specific Company. References to "a CVA" or "the CVA" shall
be construed accordingly.
3. IMMEDIATELY EFFECTIVE PROVISIONS OF THE CVAS
3.1 The provisions of this Clause 3 and Clauses 4 (Conditions Precedent to the CVA), 6
(Moratorium), 12 (Compromise of the Liability due to Closed Premises Landlords), 16
(Disputed Claims of Closed Premises Landlords), 23 (Currency of Payment) to 32 (Set-offs),
34 (Termination of the CVAs) and 37 (Governing Law and Jurisdiction) shall have full force
and effect for the Companies immediately from the time the report is made to the Court
pursuant to section 4(6) of the Insolvency Act in respect of the Companies.
3.2 If for any reason the conditions precedent to the Implementation Date provided for in
Clause 4.3 are not satisfied or waived for the Companies and the CVA terminates in
accordance with Clause 34 (Termination of the CVAs), this Clause 3 shall cease to have
effect in relation to the Companies provided that Clause 25 (Powers and Intention of the
CVA Supervisors) and 37 (Governing Law and Jurisdiction) shall continue in full force and
effect and the CVA Supervisors shall be entitled to be remunerated at their normal hourly
rates for any work carried out. Any such cost or expense shall be a charge or expense of
the relevant administration or liquidation of the Company.
4. CONDITIONS PRECEDENT TO THE CVAS
4.1 With the exception of the provisions referred to in Clause 3 (Immediately Effective
Provisions of the CVAs), no provision of the CVAs shall come into effect for the Companies
until each of the following conditions are satisfied or waived:
4.1.1 a report to the Court or Scottish Court of the decision approving the CVA for the
relevant Company has been made pursuant to section 4(6) of the Insolvency Act;
4.1.2 no application has been made to the Court or Scottish Court under sections 4A(3)
or 6(1) of the Insolvency Act or Rule 1.17A(5) of the Insolvency Rules (in respect
of JJB) or under Rule 1.15B(5) and (6) of the Insolvency (Scotland) Rules (in
38
respect of Blane) and no such application has been threatened in writing, or that if
any such application has been served or threatened, it has been dismissed or, in
the case of a threatened application, either:
(A) if such application has been served prior to the expiry of the
Challenge Period, such application(s) has been dismissed;
(B) the time period allowed under section 6(3)(b) of the Insolvency
Act for the making of any such application has expired; or
(C) the CVA Supervisors are satisfied (in their sole discretion) that
such threatened application is unmeritorious.
4.2 Each CVA is conditional upon the other CVA becoming effective in accordance with Clause
4.1, so that if any of the conditions referred to in Clause 4.1 are not satisfied in respect of
each of the CVAs, then neither CVA shall come into effect.
4.3 The "Implementation Date" for each of the CVAs shall be the date on which the last of the
conditions precedent set out in Clauses 4.1 and 4.2 are satisfied or waived by the Directors
of the relevant Company.
4.4 The CVA Supervisors will promptly notify the CVA Creditors of the occurrence of the
Implementation Date.
5. OPERATION OF THE COMPANIES
5.1 The affairs, business, Assets and properties of the Companies will be managed by their
relevant Directors in the ordinary course of business as was carried on by the Companies
prior to the Implementation Date.
5.2 It is intended that the trading activities of the Companies will continue. The Companies
acting through their Directors shall remain solely responsible for the conduct of the future
trading of their business. The Supervisors shall not have any involvement in or personal
liability in respect of any ongoing trading activities or any debts incurred in respect of such
trading.
6. MORATORIUM
6.1 No CVA Property Creditor shall be entitled to take or continue any legal process against the
Companies or their Assets (whether by way of demand, legal proceedings, alternative
determination process (including an expert determination process), the levying of distress,
execution of judgment or otherwise) in any jurisdiction whatsoever for the purpose of:
6.1.1 obtaining payment of any Liability relating directly or indirectly to a Closed
Premises Lease or taking any action in relation to the enforcement of any
covenant or obligation of the Companies under a Closed Premises Lease;
6.1.2 placing the Companies into liquidation, administration or any analogous
proceedings in any jurisdiction.
6.2 During the Open Premises Rent Concession Period, no Open Premises Landlord shall be
entitled to take or continue any legal process against the Companies or their Assets
(whether by way of demand, legal proceedings, alternative determination process (including
an expert determination process), the levying of distress, execution of judgment or
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otherwise) in any jurisdiction in relation to any existing breaches or defaults of any Open
Premises Lease that has arisen as a result of the Proposal or the Arrangement.
6.3 Nothing in this Clause 6 shall prejudice the enforcement by a CVA Creditor of its rights
under the CVAs.
6.4 The provisions of Clause 6 shall survive a termination of the CVA pursuant to Clause 34
(Termination of the CVA).
7. ESTABLISHING ALLOWED CVA CLAIMS
7.1 CVA Claims of Closed Premises Landlords will only qualify for Payments to the extent they
are Allowed Closed Premises Claims. Any such CVA Claim which is not an Allowed Closed
Premises Claim shall be treated as a Disputed Claim.
7.2 The Companies shall for all purposes be released and discharged from and in respect of
any CVA Claim to the extent it is not an Allowed Claim or a Disputed Claim.
8. EFFECT UPON EXISTING UNSECURED LIABILITIES OF A COMPANY
8.1 Except as provided for in Clause 8.5, the Arrangement will not affect the claims of any
Existing Unsecured Creditors of the relevant Company at the Implementation Date.
8.2 Subject to Clause 8.5 and, in respect of any Liability in respect of Open Premises Leases,
Clause 19 (Open Premises Landlords), the relevant Company will pay the Existing
Unsecured Liabilities as they fall due in accordance with the payment terms applicable to
those Existing Unsecured Liabilities or otherwise agreed between the relevant Company
and Existing Unsecured Creditor.
8.3 To the extent that there is any dispute as to the validity or amount of the Existing Unsecured
Liabilities such dispute shall be dealt with in accordance with the terms of the relevant
agreement or arrangement pursuant to the terms of which such Existing Unsecured Liability
was incurred.
8.4 For the purposes of Clause 8.2, each Company shall treat each Existing Unsecured Liability
as an Allowed CVA Claim.
8.5 With effect from the Implementation Date, Existing Unsecured Creditors waive and release
the relevant Company from any obligations in relation to any existing breaches or defaults
of any agreement or arrangement creating an Existing Unsecured Liability that has arisen
as a result of the Proposal or the Arrangement. Otherwise, all other accrued rights of the
Existing Unsecured Creditors will remain.
9. EFFECT UPON PROPERTY LIABILITIES OF A COMPANY
9.1 The CVA will compromise the claims of all CVA Property Creditors of the relevant Company.
9.2 Payment in respect of Closed Premises Liabilities shall only be made to CVA Property
Creditors in accordance with the terms of each of the CVAs.
10. CPL PAYMENT AMOUNTS
10.1 Payment Accounts shall be opened as follows:
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10.1.1 JJB shall open a Payment Account in the name of the Company with a bank
designated by the CVA Supervisor (the "JJB Payment Account"); and
10.1.2 Blane shall open a Payment Account in the name of the Company with a bank
designated by the CVA Supervisor (the "Blane Payment Account").
10.2 The CVA Supervisor shall have sole signing rights on the Payment Accounts.
10.3 The Payment Accounts shall not be allowed to become overdrawn.
10.4 JJB shall deposit two amounts of which in aggregate total £7,356,259 into the JJB Payment
Account:
10.4.1 an aggregate amount of £3,678,130 shall be deposited into the JJB Payment
Account on 30 September 2009; and
10.4.2 an aggregate amount of £3,678,129 shall be deposited into the JJB Payment
Account on 31 December 2009.
10.5 Blane shall deposit two amounts of which in aggregate total £2,643,741 into the Blane
Payment Account:
10.5.1 an aggregate amount of £1,321,871 shall be deposited into the Blane Payment
Account on 30 September 2009; and
10.5.2 an aggregate amount of £1,321,870 shall be deposited into the Blane Payment
Account on 31 December 2009.
10.6 The Companies shall pay interest at the Default Rate in relation to any late payment under
this Clause 10 ("Late Payment Default Interest") into the relevant Payment Account.
10.7 Payment Accounts Interest and Late Payment Default Interest accruing on amounts
standing to the credit of the Payment Accounts shall be added rateably to the CPL Payment
Amount of each Allowed Closed Premises Claim which will be paid to Closed Premises
Landlords in accordance with the terms of the CVAs and the OSC Premises Landlords in
respect of Allowed CVA Claims in respect of OSC Parent Guarantees.
10.8 Amounts standing to the credit of the Payment Accounts shall, subject to Clause 22.2, be
held on bare trust by the relevant Company for the benefit of the Closed Premises
Landlords.
11. APPLICATION OF THE CPL PAYMENT AMOUNT
Subject to Clause 15 (OSC Parent Guarantees), the CPL Payment Amounts shall be
applied by the CVA Supervisors in Payment to all of the Closed Premises Landlords with an
Allowed Closed Premises Claim in accordance with the terms of Clause 13 (Payment of
Allowed Closed Premises Claims).
12. COMPROMISE OF THE LIABILITY DUE TO CLOSED PREMISES LANDLORDS
12.1 The rights of each Closed Premises Landlord shall be compromised in accordance with this
Clause 12.
12.2 With effect from the Next Quarter Day:
12.2.1 the relevant Company shall cease to have any obligation to pay any further
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amount to the Closed Premises Landlord in respect of any Liability under a Closed
Premises Lease; and
12.2.2 if JJB is a guarantor of a Closed Premises Lease entered into by Blane, JJB shall
cease to have any obligation to make any payment to the relevant Closed
Premises Landlord in respect of any Liability under and be released from the
relevant guarantee(s),
in each case, the Closed Premises Landlord's sole entitlement to payment from a Company
shall be determined in accordance with the provisions of the CVAs.
12.3 Nothing in Clause 12.2 or the compromise effected by the CVAs, shall, except so far as is
necessary for the purpose of releasing each Company from Liability, affect and is not
intended to affect the rights or liabilities of any other person other than the Companies and
the rights of any person other than their rights against the Companies (including without
limitation any liabilities of any Contingent Property Creditor to any person, including any
Closed Premises Landlord).
12.4 Payment under each CVA shall only be made to a Closed Premises Landlord in respect of
a CVA Claim which relates to a Liability incurred on a Closed Premises Lease if that CVA
Claim is an Allowed Closed Premises Claim.
12.5 Any CVA Claim of a Closed Premises Landlord which is not an Allowed CVA Claim shall be
treated as a Disputed Claim.
12.6 Disputes in relation to CVA Claims or purported CVA Claims shall be determined in
accordance with Clause 16 (Disputed Claims of Closed Premises Landlords). The amount
of any Disputed Claim of a Closed Premises Landlord in respect of the Liability due under a
Closed Premises Lease which is agreed pursuant to Clause 16 (Disputed Claims of Closed
Premises Landlords) will become an Allowed Closed Premises Claim.
12.7 A Closed Premises Landlord shall only be treated as a CVA Creditor with an Allowed
Closed Premises Claim in respect of a Liability incurred by a Company under a Closed
Premises Lease if the Closed Premises Landlord submits a Voting & Notice of Claim in
accordance with Clause 12.8.
12.8 A Voting & Notice of Claim must be lodged by a Closed Premises Landlord with the CVA
Supervisors of the relevant Company on or before the Claims Date. If a Voting & Notice of
Claim is lodged after the Claims Date, a CVA Claim of a Closed Premises Landlord will not
rank for Payment unless the CVA Supervisors of the relevant Company or the Court or
Scottish Court determines either that the failure to lodge a Voting & Notice of Claim earlier
did not result from a wilful default or a lack of reasonable diligence on the part of the Closed
Premises Landlord, or that the Closed Premises Landlord:
12.8.1 did not have notice of the creditors' meeting of the relevant Company; or
12.8.2 within 28 days of becoming aware that the creditors' meeting of the relevant
Company had taken place it lodged its Voting & Notice of Claim Form with the
CVA Supervisor.
12.9 In any event, a Voting & Notice of Claim shall not be capable of being lodged by a Closed
Premises Landlord once the entire balance standing to the credit of the CPL Payment
Accounts has been distributed.
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12.10 Without prejudice to Clauses 12.8 and 12.9, a Closed Premises Landlord who has not
submitted a Voting & Notice of Claim before the making of any Payments from the CPL
Payments Account is not entitled to disturb, by reason that he has not participated in it,
such Payments or any other Payment declared before his CVA Claim is an Allowed Closed
Premises Claim, but:
12.10.1 if that claim becomes an Allowed Closed Premises Claim against a Company, that
Closed Premises Landlord shall be entitled to be paid out of any balance standing
to the credit of the relevant CPL Payment Account any payment which he has
failed to recover; and
12.10.2 any Payment under Clause 12.10.1 shall be paid before any amount standing to
the credit of the CPL Payment Account of the relevant Company is applied to the
payment of any further Payments to any person.
12.11 A Closed Premises Landlord shall be responsible for the cost of submitting his Voting &
Notice of Claim and, if applicable, of providing such documentary evidence or other
evidence as the CVA Supervisors may require for the purpose of enabling the CVA
Supervisor to admit or reject that CVA Claim.
12.12 A Voting & Notice of Claim may be admitted by the CVA Supervisors either for the whole of
the amount claimed by the Closed Premises Landlord or for part of that amount. The CVA
Supervisors may reject a Claim in whole or in part for any reason. If the CVA Supervisors
do so reject, they shall prepare a written statement of their reasons for doing so and send it
as soon as reasonably practicable to the Closed Premises Landlord.
12.13 The CVA Supervisors shall treat a Voting & Notice of Claim as an Allowed CVA Claim if the
CVA Supervisors determine (acting reasonably) that the relevant CVA Claim has been
calculated in accordance with (and does not exceed the amount provided for) in Clause
12.14.
12.14 The Closed Premises Landlord shall compromise the amount of its CVA Claim in
accordance with the following provisions. The Allowed CVA Claim of a Closed Premises
Landlord shall be an amount equal to:
12.14.1 the Total Closed Premises Rent; plus
12.14.2 the Dilapidations Amount; less
12.14.3 the Mitigation Amount.
12.15 The Dilapidations Amount shall be an amount determined by the CVA Supervisor to be
equal to:
12.15.1 where the relevant Closed Premises is less than 5,000 square feet, £20 per
square foot;
12.15.2 where the relevant Closed Premises is between 5,000 and 10,000 square feet,
£15 per square foot; and
12.15.3 where the relevant Closed Premises is greater than 10,000 square feet, £10 per
square foot.
12.16 The Mitigation Amount shall be the net present value discounted at a rate of 5% (five per
43
cent) per annum of the amount determined by the CVA Supervisor to be equal to the
aggregate rent the Closed Premises Landlord would receive for the Minimum Remaining
Term of its Closed Premises Lease based on the following assumptions:
12.16.1 the Closed Premises takes two years to re-let;
12.16.2 the Closed Premises Landlord receives no rent for up to two years in respect of a
rent free period offered in respect of a Closed Premises; and thereafter;
12.16.3 the Closed Premises Landlord receives an amount equal to 75% of the annual
rent payable under that Closed Premises Lease as at the Implementation Date;
and
12.16.4 the Companies pay to the relevant Closed Premises Landlord amounts received
from Sub-Tenants and each Sub-Tenant remains in the relevant Closed Premises
for the remainder of the term of the relevant sub-tenancy.
13. PAYMENT OF ALLOWED CLOSED PREMISES CLAIMS
13.1 Subject to Clause 15 (OSC Parent Guarantees), it is the intention of the CVA Supervisors
that Payment of the CPL Payment Amount should be made rateably to Closed Premises
Landlords with Allowed Closed Premises Claims as quickly as practicable.
13.2 The Companies shall have no further obligation or Liability to pay any amount to a Closed
Premises Landlord under or in connection with a Closed Premises Lease.
13.3 A Closed Premises Landlord's recourse against a Company in respect of a CVA Claim shall
be solely in respect of those payments to be made pursuant to the CVA as a result of that
CVA Claim becoming an Allowed Closed Premises Claim. Recourse in respect of such
CVA Claims shall be limited solely to the Closed Premises Landlord's rateable share of the
CPL Payment Amount.
13.4 Payments will be made from the relevant Payment Accounts to a Closed Premises Landlord
with an Allowed Closed Premises Claim at such times and in such amounts as the CVA
Supervisors shall determine.
13.5 In calculating the amount of a Payment to be made from the Payment Accounts, the CVA
Supervisors shall make such provision as is required by Clause 22 (Payment of Disputed
Distributions and Miscellaneous Distribution Provisions) for the amount of any Disputed
Claim.
13.6 All Allowed Closed Premises Claims shall rank pari passu for payment from amounts
standing to the credit of the relevant Payment Account.
14. BLANE LEASES GUARANTEED BY JJB
14.1 JJB is a guarantor of certain Closed Premises Leases of which Blane is the tenant (the
"Guaranteed Leases").
14.2 A Closed Premises Landlord with the benefit of a Guaranteed Lease shall be entitled to
claim in the CVA of JJB (in addition to claiming in the CVA of Blane) for an amount equal to
such Closed Premises Landlord's Allowed Closed Premises Claim in the CVA of Blane and
such claim shall rank for payment pari passu with all other Allowed Closed Premises Claims
and Allowed CVA Claims of OSC Premises Landlords (provided always that the Closed
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Premises Landlord shall not, when aggregated with any payment it receives pursuant to the
Blane CVA, recover more than the full amount of its Allowed Closed Premises Claim
against Blane). Payment shall be made pursuant to this Clause 14.2 as thought it were a
payment under Clause 13 (Payment of Allowed Closed Premises Claims).
14.3 If the claim of a Closed Premises Landlord with a Guaranteed Lease is:
14.3.1 a Disputed Claim; or
14.3.2 is rejected,
pursuant to the CVA of Blane, then it (together with any Liability incurred under any
guarantee or otherwise) shall be treated in an identical manner in the JJB CVA.
15. OSC PARENT GUARANTEES
15.1 With effect from the Implementation Date and without prejudice to JJB's rights of
subrogation in respect of any payment made to an OSC Premises Landlord in respect of an
OSC Parent Guarantee, JJB shall cease to have any obligation to pay any amount to the
OSC Premises Landlords in respect of any Liability under an OSC Parent Guarantee or an
OSC Premises Lease.
15.2 Subject to Clause 15.4, an OSC Premises Landlord with the benefit of an OSC Parent
Guarantee shall be treated as having an Allowed CVA Claim in the amount provided for in
this Clause:
15.2.1 if its claim in respect of an OSC Premises Lease has been admitted for proof in
either the administration or liquidation of OSC, the amount so admitted for proof;
15.2.2 if its claim in respect of an OSC Premises Lease has been rejected for proof in the
administration or liquidation of OSC, nil;
15.2.3 if it has not, as at the Claims Date, had its claim in respect of an OSC Premises
Lease admitted or rejected for proof in the administration or liquidation of OSC, its
CVA Claim in respect of its OSC Parent Guarantee shall be Allowed in an amount
equal to the amount for which it would have been Allowed in accordance with the
terms of the CVA had its OSC Parent Guarantee been a Closed Premises Lease.
A Voting and Notice of Claim from an OSC Premises Landlord in respect of an OSC Parent
Guarantee shall be rejected by the CVA Supervisors unless the relevant claim is calculated
in accordance with this Clause.
15.3 Payment shall be made in accordance with the CVA to an OSC Premises Landlord with an
Allowed CVA Claim at the same time and in the same manner as CPL Payments are made
to Closed Premises Landlords with Allowed Closed Premises Claims as though references
in this scheme to Closed Premises Landlords and Allowed Closed Premises Claims were
references to OSC Premises Landlords and Allowed CVA Claims. The Allowed CVA Claims
of OSC Premises Landlords in respect of OSC Parent Guarantees shall rank pari passu
with the Allowed Closed Premises Claims of Closed Premises Landlords such that those
claims share rateably in respect of the CPL Payment Amounts.
15.4 An OSC Premises Landlord shall not, when aggregated with any amounts it receives from
OSC in respect of an OSC Premises Lease, recover more than the full amount of its
Allowed CVA Claim.
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15.5 The provisions of Clauses 7 (Establishing Allowed CVA Claims), 9 (Effect upon Property
Liabilities of a Company), 11 (Application of the CPL Payment Amount), 12 (Compromise of
the Liability due to Closed Premises Landlords), 13 (Payment of Allowed Closed Premises
Claims), 16 (Disputed Claims of Closed Premises Landlords) shall, where the context
permits, apply to OSC Premises Landlords as if references to Closed Premises Landlords
were to OSC Premises Landlords.
16. DISPUTED CLAIMS OF CLOSED PREMISES LANDLORDS
16.1 A Disputed Claim of a Closed Premises Landlord shall be resolved in accordance with the
following procedure.
16.2 The Closed Premises Landlord shall serve a notice (a "Disputed Claim Notice") on the
relevant CVA Supervisors of the relevant Company within 21 days of the Closed Premises
Landlord receiving confirmation from the CVA Supervisor that either his CVA Claim has
been:
16.2.1 allowed for a lower amount than that specified in the Voting & Notice of Claim; or
16.2.2 rejected.
16.3 If a Disputed Claim Notice is not given within 21 days, the:
16.3.1 amount for which the claim has been admitted by the CVA Supervisors; or
16.3.2 rejection of the CVA Claim,
(as the case may be) will be treated as being accepted by the relevant Closed Premises
Landlord.
16.4 Each Disputed Claim Notice shall:
16.4.1 give reasons why the Closed Premises Landlord believes that the information
used by the CVA Supervisor in calculating its claim is incorrect;
16.4.2 include such information which the Closed Premises Landlord considers to be
correct together with supporting evidence; and
16.4.3 give details of the amount of the claim to which the Closed Premises Landlord
considers it should be entitled (the "Disputed Claim Amount").
16.5 The CVA Supervisors will consider the reasons, information or particular circumstances and
supporting evidence supplied or other apparent evidence (as applicable). If the CVA
Supervisors do not agree with the Disputed Claim Amount then they may, on giving not less
than 7 days' notice to the Closed Premises Landlord, refer the determination of the
Disputed Claim Amount to a chartered accountant nominated jointly by the CVA
Supervisors and the Closed Premises Landlord or in default of any agreed nomination
within that 7 day period, by the President for the time being of the Institute of Chartered
Accountants of England and Wales (the "Dispute Accountant").
16.6 The Dispute Accountant shall act as expert and not as arbitrator. The Dispute Accountant
shall, in his sole discretion, consider such matters as he thinks fit (including the
representations of the parties) in making his determination and, in particular, may rely on
evidence supplied by one party in the absence of evidence to the contrary from any other
46
party.
16.7 The decision of the Dispute Accountant shall be final and binding on the parties in so far as
the law allows and the amount determined by the Dispute Accountant shall be the Allowed
CVA Claim of the relevant Closed Premises Landlord.
16.8 The costs of the Dispute Accountant shall be borne equally by the Company to which the
Disputed Claim Notice relates and the Closed Premises Landlord with the Disputed Claim,
unless the Dispute Accountant determines, in the light of the conduct of the parties, that
either party should bear a greater proportion of such costs.
17. COMPROMISE OF THE CONTINGENT PROPERTY CREDITORS CVA CLAIM
17.1 Each CVA Creditor which is a Contingent Property Creditor:
17.1.1 with a claim for any Contingent Property Liability; or
17.1.2 to whom a Company has a Liability in respect of a Contingent Property Liability,
will release absolutely for a consideration of £1 the relevant Company from any Contingent
Property Liability. The amount payable under this Clause shall be paid on the date on which
a claim is made against a Company by a Contingent Property Creditor.
18. DEALING WITH CLOSED PREMISES
18.1 On and from the Implementation Date:
18.1.1 if a Closed Premises Landlord notifies a Company in writing that it wishes to forfeit
or irritate (as the case may be) a Closed Premises Lease, the Company
irrevocably undertakes for the benefit of such Closed Premises Landlord that it
shall not seek relief against the forfeiture of that Closed Premises Lease, or
contest such irritancy, as the case may be;
18.1.2 if requested to do so in writing by the relevant Closed Premises Landlord, the
relevant Company irrevocably undertakes that it will offer a surrender of the
Closed Premises Lease upon terms reasonably acceptable to the relevant
Company which provide for a full release of the relevant Company from all
covenants, obligations and liabilities (whether past, present or future) in respect of
the relevant Closed Premises Lease (but without prejudice to any right which the
Closed Premises Landlord may have to receive a CPL Payment in accordance
with the terms of the CVA); and
18.1.3 if requested to do so in writing by the relevant Closed Premises Landlord, the
relevant Company irrevocably undertakes that it will offer to assign the lease to a
new tenant (identified by the Closed Premises Landlord) or to the Closed
Premises Landlord upon terms reasonably acceptable to the Company which
provide for a full release of the relevant Company from all covenants, obligations
and liabilities (whether past, present or future) in respect of the relevant Closed
Premises Lease and any requirement that the relevant Company enter into any
authorised guarantee agreement in connection with such assignment shall be
waived. The costs of and associated with any such assignment and waiver shall
be borne equally by the parties.
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18.2 Sub-lets
18.2.1 If, prior to any assignment, forfeiture, irritancy or surrender being effected in
accordance with this Clause 18 (Dealing with Closed Premises), a Company has
sub-let all or any part of the Closed Premises then, whilst such sub-lease(s) is /are
subsisting the Company shall pay an amount equal to all rent received after the
Next Quarter Day from the sub-tenant to the relevant Closed Premises Landlord
within 7 days of receipt.
18.2.2 Save with the written consent of the Closed Premises Landlord, such consent not
to be unreasonably withheld or delayed, the Company will not, to the extent it is
able, accept a surrender from a sub-tenant nor will it exercise any right of
forfeiture, or irritancy, as the case may be, or other landlord break it may have in
respect of a sub-lease.
18.3 Rates
Until the expiry or sooner determination of any Closed Premises Lease or (if earlier) until
any such lease is forfeited, irritated, surrendered or assigned, if the Company is liable to
pay Rates it shall continue to pay such Rates in full.
19. OPEN PREMISES LANDLORDS
19.1 With effect from the Next Quarter Day until the earlier of:
19.1.1 the date that the relevant Open Premises Lease expires; and
19.1.2 the Monthly Rent Termination Date,
the Companies will not be obliged to pay Open Premises Rents to the Open Premises
Landlords at the times provided for in the Open Premises Leases, instead paying Open
Premises Rent in twelve equal monthly instalments in advance in accordance with the
relevant Rent Concession Agreement with the first instalment due on the Next Quarter Day.
19.2 Both during and following the Monthly Rent Term any provisions of the Open Premises
Leases or Fitness Clubs Leases that provide for early termination, forfeiture or irritancy as
the case may be:
19.2.1 on the occurrence of any insolvency event in respect of the Companies or by
virtue of the fact that the Companies are insolvent; or
19.2.2 by virtue of the variation of rent payment dates contemplated by the Arrangement;
or
19.2.3 by virtue of the CVA,
shall be waived and the Open Premises Landlords and Fitness Clubs Premises Landlords
shall have no right to determine the Open Premises Leases for such termination events.
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19.3 At the end of the Monthly Rent Term, the Open Premises Leases shall revert to their normal
terms and Open Premises Rents shall be paid in the amounts and at the times provided for
in the relevant Open Premises Leases.
20. ASSETS
20.1 Nothing herein involves the realisation of Assets or the acquisition of further assets.
20.2 Save as set out herein, there will be no further Payments in respect of:
20.2.1 Assets acquired by the Companies;
20.2.2 any windfall gains received by the Companies; and
20.2.3 profit and income of the Companies,
received by the Companies after the date of this document.
20.3 Save for funding provided by the Secured Creditors, no third party funding is being provided
to the Companies.
20.4 There will be no further Payments if the Companies' trading exceeds that which was
envisaged at the date of this document.
21. FULL AND FINAL SETTLEMENT
21.1 Upon the Implementation Date, the provisions of the CVA shall constitute a compromise of
all CVA Claims and the payments to be made pursuant to the CVA to any CVA Creditor
shall be in full and final settlement of any CVA Claim.
21.2 Accordingly upon the CVA coming into effect in accordance with Clause 4 (Conditions
Precedent to the CVAs) each CVA Property Creditor agrees to accept the compromise of
CVA Claims as set out in these CVAs as full and final satisfaction of each and every CVA
Liability with the result that every Liability is fully discharged and any obligation or covenant
(howsoever arising) giving rise to or which may give rise to such Liability is fully and
unconditionally released in each case without further acts or assurances.
21.3 CVA Creditors will be deemed to relinquish any tracing claims or any other proprietary
claims whatsoever that they may have to the Assets.
22. PAYMENT OF DISPUTED DISTRIBUTIONS AND MISCELLANEOUS DISTRIBUTION
PROVISIONS
22.1 Specific provisions applicable to Disputed Claims
22.1.1 On the CPL Payment Date, the CVA Supervisors shall reserve from the CPL
Amount available for Payment an aggregate amount of cash sufficient to enable
them to pay each Closed Premises Landlord with a Disputed Claim the amount
that such Closed Premises Landlord would have been entitled to receive on that
date if his Disputed Claim were then an Allowed Closed Premises Claim.
22.1.2 In determining the amount of any Payments to be made on the CPL Payment
Date, the calculations of the CVA Supervisors shall be made as if all Disputed
Claims of Closed Premises Landlords were treated as Allowed in the full amounts
49
claimed by the holders thereof or such lesser amounts as the Court or Scottish
Court may have approved as a reserve for such Disputed Claims.
22.1.3 If a Disputed Claim, or any portion thereof, becomes an Allowed Closed Premises
Claim, the CVA Supervisors shall, as soon as reasonably practicable, distribute
from the applicable reserve to the Closed Premises Landlord concerned the
amount of cash that he would have received if his CVA Claim had been an
Allowed Closed Premises Claim as at the CPL Payment Date In addition a Closed
Premises Landlord shall receive an amount equal to the interest on such amount
computed at the average rate earned on such reserve (net of any tax and charges
payable thereon) from the relevant CPL Payment Date to the date falling five
business days before the day on which payment of such CVA Claim is scheduled
to be made.
22.1.4 If a Disputed Claim or any portion thereof is determined or agreed not to be a CVA
Claim, the CVA Supervisors may from time to time release from the reserve an
amount of cash equal to the amount of cash that is not required to be distributed
on account of that Disputed Claim and an amount equal to any interest accrued
on that amount which is not required to be paid on that Disputed Claim. The cash
released from the reserve shall be available for distribution to CVA Creditors in
accordance with the terms of the CVAs.
22.2 Specific provisions relating to Unclaimed Payments
22.2.1 If the CVA Supervisors are holding Unclaimed Payments following a CPL
Payment Date, they shall set aside and segregate the Unclaimed Payments in
one or more interest-bearing account(s).
22.2.2 Any Unclaimed Payments and any interest thereon shall, subject to Clause 22.2.3,
be held solely for the purpose of making payment to the Closed Premises
Landlord who has failed to claim such Unclaimed Payment and shall be released
to such person upon his presentation of proof reasonably acceptable to the CVA
Supervisors of his entitlement, together with any interest (net of any tax and
charges payable thereon) earned on the relevant amount.
22.2.3 Any Unclaimed Payment shall be deemed unclaimed property at the expiration of
3 months from the CPL Payment Date (the "Unclaimed Payment Date"); and the
holder of such Unclaimed Payment shall, from that time, be deemed to have
waived his rights thereto. The amount so waived shall, subject to Clause 22.2.4,
be transferred back to the relevant Payment Account and shall be available for
Payment to Closed Premises Landlords with Allowed Closed Premises Claims.
22.2.4 If the aggregate amount of Unclaimed Payments held by the CVA Supervisors in
respect of a Company at the Unclaimed Payment Date is less than £50,000, the
CVA Supervisors shall transfer such amount (the "Unclaimed Payment
Amount") to that Company and the Company shall have no further obligation to
any CVA Creditor or the CVA Supervisors in relation to the Unclaimed Payment
Amount.
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22.2.5 All sums payable to a Closed Premises Landlord pursuant to the CVAs may be
paid:
(A) by cheque in favour of the relevant Closed Premises Landlord or as it may
direct and may be sent by post to the relevant Closed Premises
Landlord's last known address; or
(B) by telegraphic transfer to such bank account as the Closed Premises
Landlord may from time to time notify to the CVA Supervisors.
22.2.6 The encashment of a cheque or the receipt of the amount of a telegraphic transfer
into the relevant account shall be a good discharge of the CVA Supervisors and
the Companies. Neither shall be liable to the CVA Creditor concerned for any loss
in transmission of a cheque drawn and sent or a telegraphic transfer made in
accordance with Clause 22.2.5.
22.2.7 In making any payment the CVA Supervisors may first deduct any tax payable on,
or in respect of amounts comprising such payment and any bank charges levied in
respect of the Payment Accounts.
22.2.8 If any CVA Creditor does not receive payment in respect of an Allowed CVA Claim
on the CPL Payment Date as a result of any administrative or technical error or
delay in the banking system, no interest shall be payable to that CVA Creditor on
its share of the Payment.
23. CURRENCY OF PAYMENT
Each CVA Liability which is not denominated in pounds sterling will be converted into
pounds sterling based on the mid rate of exchange on the London foreign exchange market
at the close of business on 31 March, 2009, as published for that date in the Financial
Times (London Edition). Accordingly, all Payments by the Companies under the CVA in
respect of such CVA Liability shall be made in pounds sterling.
24. SECURITY
Nothing in the CVAs shall affect the rights of any person under any Encumbrance held by
him in relation to any CVA Claim.
25. POWERS AND INTENTIONS OF THE CVA SUPERVISORS
25.1 The initial CVA Supervisors of the Companies shall be the persons specified in Part A of in
Annex 8 (CVA Supervisors and Addresses for Notice) in respect of JJB and the persons
specified in Part B of in Annex 8 (CVA Supervisors and Addresses for Notice) in respect of
Blane, being qualified insolvency practitioners within the meaning of section 390(2) of the
Insolvency Act, and any replacement therefore in accordance with these terms of the CVA
and all powers conferred on them shall be exercisable severally.
25.2 The office of CVA Supervisor for the Companies shall be vacated by a CVA Supervisor if
that CVA Supervisor:
25.2.1 dies, becomes bankrupt or mentally disordered;
25.2.2 is convicted of an indictable offence (other than a road traffic offence);
51
25.2.3 resigns his office by 28 days notice in writing to the Directors; or
25.2.4 ceases to be a qualified insolvency practitioner.
25.3 If more than one CVA Supervisor is appointed each CVA Supervisor shall act as a joint
supervisor of the Companies and any act required to be done by the CVA Supervisors may
be done by all or any one or more of them.
25.4 The CVA Supervisors shall have, in addition to any powers conferred on them under the
Insolvency Act or the Insolvency Rules or the Insolvency (Scotland) Rules or otherwise as a
matter of law, such powers as are necessary or expedient to enable them) to carry out their
functions under the CVA in accordance with its terms. Without limitation to the generality of
the foregoing, the CVA Supervisors may carry out all acts and exercise all discretions,
authorities, powers and duties required to be carried out in order to facilitate the CVA's
implementation.
25.5 It shall be the duty of the CVA Supervisors to implement the CVA, which duty shall be owed
to the Companies on behalf of the CVA Creditors generally. The CVA Supervisors shall not
assume any fiduciary or other special responsibilities or duties to the CVA Creditors. It will
not be the duty of the CVA Supervisors to oversee the business and affairs of the
Companies and the CVA Supervisors shall have no responsibilities in relation to the
conduct of the affairs of the Companies or in relation to any matters other than those
expressly set out in this Proposal.
25.6 No CVA Supervisor shall incur any personal liability in connection with the preparation,
adoption, agreement or implementation of the CVA or in connection with any ancillary
arrangement.
25.7 The Companies shall:
25.7.1 provide the CVA Supervisors, upon request, with a power of attorney to enable
them to administer the CVAs;
25.7.2 give the CVA Supervisors upon demand reasonable access to such accounts,
books, records and information as the CVA Supervisors consider in their sole
discretion to be necessary to carry out their functions;
25.7.3 use reasonable endeavours (in prior consultation with the CVA Supervisors) to:
(A) maintain the validity of any available insurance; and
(B) ensure maximum payment by any applicable insurer,
in respect of any claim which, but for such insurance cover would be a CVA
Claim; and
25.7.4 do all such other things as the CVA Supervisors shall reasonably require for the
purpose of the implementation of the CVAs.
25.8 The CVA Supervisors may perform their duties through agents and employees and shall be
entitled to rely on any communication, instrument, document or information (whether
provided in writing or orally) considered by them to be genuine and correct and shall be
entitled to rely upon the advice of, or information obtained from, any professional adviser or
other person instructed by him considered by them in good faith to be competent.
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25.9 For the purpose of any acknowledgements or agreements as to, or provisions of, exclusions
of liability or indemnity in favour of the CVA Supervisors in this Proposal, the CVAs or any
collateral arrangements or agreement relating to the same, references to the CVA
Supervisors where the context so permits shall mean and include their present and future
firm or firms, members, partners and employees, and any legal entity or partnership using
its names, the firm KPMG LLP, any successor or merged firm and the members, partners,
shareholders, officers and employees of such entity or partnership.
25.10 The Companies shall not hold out the CVA Supervisors or their firm as agents of the
Companies or their business save that, in exercising their powers under the CVAs, the CVA
Supervisors shall act as the Companies' agent. Without prejudice to the generality of the
foregoing, the CVA Supervisors shall be entitled to an indemnity on demand from the
Company against:
25.10.1 (in the absence of fraud, gross negligence or wilful default) all actions, claims,
proceedings and demands brought or made against them or any of them in
respect of the conduct of the CVAs and in respect of all remuneration, expenses
and liabilities and obligations incurred by them in carrying out their functions; and
25.10.2 any liability incurred by them in defending any proceedings, whether civil or
criminal, in which judgment is given in their favour or they are acquitted.
25.11 The Company shall indemnify the CVA Supervisors on demand for any Liability incurred by
them in defending the CVAs or any challenge to the CVAs, without prejudice to the Court's
or Scottish Court's power to order any person to pay the costs of and occasioned by such
proceedings.
25.12 The CVA Supervisors may apply to the Court or Scottish Court for the purpose of obtaining
directions in accordance with the Insolvency Act without reference to CVA Creditors. If
directions are given by the Court or Scottish Court then, to the extent required, the CVAs
shall be modified accordingly.
25.13 The CVA Supervisors shall:
25.13.1 as soon as reasonably practicable after the result of the creditors' meeting is
reported to the Court or Scottish Court in accordance with section 4(6) of the
Insolvency Act and in any event during the Challenge Period:
(A) write to all Closed Premises Landlords of whom they are aware
inviting them to submit a Voting & Notice of Claim on or before
the Claims Date;
(B) advertise for CVA Claims in such newspaper or newspapers or
other publications as they deem appropriate;
25.13.2 have sole responsibility for:
(A) determining whether any CVA Claim is an Allowed CVA Claim;
(B) conduct of Disputed Claims; and
(C) determining whether or not any CVA Claim submitted after the
Claims Date should be an Allowed CVA Claim;
53
25.13.3 promptly following their appointment, set up, in the name of the Companies, one
or more non-interest bearing sterling bank accounts for the receipt and payment of
cash;
25.13.4 make Payments permitted by the CVAs as agent on behalf of the Companies to
Closed Premises Landlords; and
25.13.5 have the power to do all things ancillary to the matters referred to in Clauses 25.1
to 25.13.4 above or which are otherwise required to be done by the CVA
Supervisors in accordance with the CVAs.
26. THE CVA SUPERVISORS' REMUNERATION
26.1 The CVA Supervisors shall be remunerated in respect of their work in preparing,
implementing and operating the CVAs and all acts reasonably incidental thereto.
26.2 The basis of the CVA Supervisors' remuneration will be fixed by reference to the time
properly given by them and their staff in attending to matters arising in connection with the
CVA. Such time costs shall be charged at the CVA Supervisors' standard rates from time to
time for insolvency related work set out in Annex 10 (Average KPMG Charge Out Rates).
26.3 The CVA Supervisors' fees will be invoiced monthly (or in such other periods as the CVA
Supervisors determine appropriate) to the Companies and shall be paid by the Companies
promptly.
26.4 Costs and expenses incurred by the CVA Supervisors shall be invoiced to the Companies
and shall be paid by the Companies promptly.
26.5 Any remuneration of the CVA Supervisors and any costs or expenses incurred by them
shall bear VAT (if any) at the applicable rate in force from time to time.
26.6 It is estimated that the total fees to be paid to the CVA Supervisors shall amount to:
26.6.1 between £630,000 and £980,000 in respect of JJB; and
26.6.2 between £270,000 and £420,000 in respect of Blane,
(exclusive of expenses and disbursements). That estimate is based on the proposed CVA
Supervisor's estimate of time likely to be incurred by them and their staff, assuming that the
terms of the Arrangement are fully complied with.
27. NO CREDITORS' COMMITTEE
There shall be no creditors' committee for the CVAs.
28. NO WARRANTIES OR REPRESENTATIONS
Neither the Directors, nor the Nominee, nor the CVA Supervisors, give any warranties and
they make no representations in relation to the information contained in this Proposal and
its annexes.
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29. RECORDS
The CVA Supervisors shall observe the requirements of Rule 1.26 of the Insolvency Rules
and Rule 1.21 of the Insolvency (Scotland) Rules with regard to the documents kept by
them, and records to be issued from time to time to the various persons set out in that Rule.
30. VACANCY IN OFFICE OF SUPERVISORS
If there is a vacancy in the office of CVA Supervisor, the remaining CVA Supervisors, shall
forthwith appoint as a replacement CVA Supervisor a qualified insolvency practitioner.
31. VARIATION
31.1 Each Company will have the power at any time after the Implementation Date, if they
consider it expedient to do so, to modify the provisions of the CVAs provided such
modifications do not materially alter the effect or economic substance of the CVAs. The
Directors shall inform the CVA Creditors and the Companies of any such modifications and
such modifications shall be binding on the CVA Creditors and the CVA Supervisors and the
CVA shall be modified accordingly.
31.2 Material Variation
31.2.1 In respect of any modification which does materially alter the effect of the CVA,
the CVA Supervisors or the Companies must seek the consent of the CVA
Creditors to such modification, in accordance with this Clause 31. No such
modification can be made without the consent of the Company.
31.2.2 The CVA Supervisors or the Directors may at any time after the Implementation
Date convene a meeting of creditors for the purpose of varying the CVA. The
notice of the meeting shall set out the proposed variation(s) and will be
accompanied by the CVA Supervisors' (or Directors') report giving the reasons for
the variation or variations.
31.2.3 A variation to the CVA shall require the same approvals of the Companies'
creditors as are required for the approval of the original CVA, but shall not require
approval of the shareholders.
31.2.4 So far as is possible, the meetings referred to in Clause 31.2.2 above shall be
conducted in accordance with section 4 of the Insolvency Act and Rules 1.9(2)
and 1.13 to 1.21 of the Insolvency Rules (in respect of JJB) and Rules 1.13 to
1.17 and 7.1 to 7.2 (as applied to a company voluntary arrangement) of the
Insolvency (Scotland) Rules (in respect of Blane), except that:
(A) reference to the proposal shall be taken as references to the
proposed variation;
(B) references to the nominee shall be taken as references to the
CVA Supervisors; and
(C) all Claims (including the Preferential Liabilities) shall be
calculated as at the date of the original creditors' meeting.
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31.2.5 Section 6 of the Insolvency Act shall apply to such a meeting as it does to a
meeting under section 3 of the Insolvency Act, except that an application may be
brought at any time within the 28 days following the approval of the variation at the
meeting referred to in Clause 31.2.2 but may not be brought after such period.
31.2.6 Without prejudice to the rights of any person to make an application to the Court
(in respect of JJB) or Scottish Court (in respect of Blane) under section 7(3) of the
Insolvency Act, it shall be for the CVA Supervisors to determine whether any
proposed modification materially alters the effect of the CVAs.
32. SET-OFF
The equivalent rules of set-off as they would be applied in a liquidation of the Companies
shall apply in respect of any Payments made in accordance with the terms of the CVAs.
33. ASSIGNMENTS
33.1 Without prejudice to Clause 32 (Set-Offs), the rights of the CVA Creditors under the CVAs
shall be assignable. However, the Companies shall not be bound by any assignment (or
assignation) unless and until notice is given in writing to the Companies and the CVA
Supervisors.
33.2 If a Closed Premises Landlord gives notice in writing to the Companies and the CVA
Supervisors that it wishes its Payment be paid to another person, or that it has assigned its
entitlement to another person, the CVA Supervisors shall pay the Payment to that other
person accordingly. Any such notice must specify the name and address of the person to
whom payment is to be made.
34. TERMINATION OF THE CVAS
34.1 Within 28 days of the CVA Supervisors having satisfied themselves insofar as is reasonably
practicable that the CPL Payment Amounts and any Unclaimed Payments has been applied
in accordance with the terms of the CVAs, they shall inform the relevant Company in writing
that they are proposing to conclude the CVAs by sending a Notice of Termination to the
Closed Premises Landlords, the Open Premises Landlords and the Company.
34.2 The CVA Supervisors shall be entitled to terminate the CVAs if either Company fails to
comply with its obligations under the CVAs. If the CVA Supervisors terminate the CVAs
they shall inform the relevant Company in writing by sending a Notice of Termination to the
Closed Premises Landlords, the Open Premises Landlords and the Company.
34.3 The CVA in respect of a Company shall terminate if that Company goes into administration
or liquidation but amounts standing to the credit of the relevant Payment Accounts shall
continue to be held for the benefit of the Closed Premises Landlords to be paid to the
Closed Premises Landlords in accordance with the terms of the CVAs.
34.4 Save for the provisions of Clauses 8 (Effect upon Existing Unsecured Liabilities of a
Company), 9 (Effect upon Property Liabilities of a Company); 12 (Compromise of the
Liability due to Closed Premises Landlords); 15 (OSC Parent Guarantees); 17 (Compromise
of the Contingent Property Creditors CVA Claim), 18 (Dealing with Closed Premises); 19
(Open Premises Landlords); 31 (Variation); 35 (Notices); 36 (No Personal Liability); 37
(Governing Law and Jurisdiction) and any other provisions relating to the compromise of
56
CVA Claims of CVA Property Creditors all of which shall survive termination, the obligations
under the CVA shall terminate on the date on which the CVA Supervisors send the Notice
of Termination in accordance with Clauses 34.1 and 34.2.
35. NOTICES
35.1 A Voting & Notice of Claim or other notice to be given to the CVA Supervisors or the
Companies:
35.1.1 must be given in writing;
35.1.2 may be sent by post or may be delivered as aforesaid but shall only be deemed
served upon actual receipt, provided that if such receipt occurs on a Saturday,
Sunday or public holiday or after 5:30 p.m. on any business day in London such
Voting & Notice of Claim or other such notice shall be deemed to have been
received at 9:30 a.m. on the next business day in London; and
35.1.3 must be addressed to the CVA Supervisors at the address set out in Part B of
Annex 8 (CVA Supervisors and Address for Notice).
35.2 A Voting & Notice of Claim or other notice shall be expressed in the English language
unless such Voting & Notice of Claim or other notice is given by a CVA Creditor who has his
habitual residence, domicile or registered office in a Member State of the European Union
other than the U.K., in which case it may be given in the official language or one of the
official languages of that other Member State. The CVA Supervisors shall be deemed to
have rejected a Voting & Notice of Claim or other notice which is expressed in any other
language unless, in any particular case, they give written notice of their acceptance thereof
to the sender.
35.3 Any notice given under a CVA by a CVA Supervisor to any person shall be sufficiently
served by posting the same by first class or airmail post to or leaving the same at the
address of such person last known to the Companies. If such notice is posted, it shall be
deemed to have been received by the addressee 48 hours after the same shall have been
posted.
35.4 A Voting & Notice of Claim or other notice which is signed by a person authorised by an
individual CVA Creditor on his behalf may be rejected by the CVA Supervisors if it is not
accompanied by a power of attorney duly executed by the CVA Creditor in favour of such
person whereby such person is authorised to execute the notice concerned, or by a copy of
such power of attorney certified as a true copy thereof by a solicitor or notary or a person
authorised to administer oaths in any relevant jurisdiction, together with a statutory
declaration made by the donee of the power stating that such power had not been revoked
prior to his signature of such notice. In the case of a Voting & Notice of Claim or other
notice which is signed on behalf of a CVA Creditor which is a corporation or other legally
constituted person or a partnership, the CVA Supervisors shall not be required to make
enquiry as to the authority of the signatory to sign such notice on behalf of such CVA
Creditor.
36. NO PERSONAL LIABILITY
None of the Directors, the CVA Supervisors, their firm, their staff, their advisors or any
agents employed by them shall incur any personal liability whatsoever arising howsoever
whether directly or indirectly in connection with the preparation, implementation or conduct
of the CVAs, this Proposal in general or in connection with any associated agreement or
57
arrangement.
37. GOVERNING LAW AND JURISDICTION
37.1 The CVA in respect of JJB and any non-contractual obligations arising out of or connected
with this Agreement in respect of JJB are governed by and shall be construed in
accordance with English law.
37.2 The CVA in respect of Blane and any non-contractual obligations arising out of or
connected with this Agreement in respect of Blane are governed by and shall be construed
in accordance with Scottish Law.
37.3 The Court shall have exclusive jurisdiction in respect of the CVA in respect of JJB.
37.4 The Scottish Court shall have exclusive jurisdiction in respect of the CVA in respect of
Blane.
38. EC REGULATION ON INSOLVENCY PROCEEDINGS
38.1 The EC Regulation on Insolvency Proceedings applies and these proceedings are main
proceedings as defined by Article 3 of that regulation.
38.2 The Premises do not include any premises situated outside of the U.K..
38.3 CVA Creditors who are located outside of the U.K. shall be entitled to the same rights to
make CVA Claims and receive Payments as CVA Creditors located in the U.K..
Issue Date: 6 April 2009
Director
For and on behalf of
JJB Sports plc
Director
For and on behalf of
Blane Leisure Limited
58
ANNEX 1: DEFINITIONS AND INTERPRETATION
PART A
DEFINITIONS
Except where a contrary intention appears, the following terms have the following meanings when
used herein (including in the Annexes):
"Agreement for Lease" means an agreement for lease pursuant to which the Companies are
obliged to enter into any lease of Closed Premises where that lease has not been granted at the
Implementation Date.
"Allowed" means in relation to the CVA Claim or a Closed Premises Claim, the CVA Claim or
Closed Premises Claim or that part of the CVA Claim or Closed Premises Claim that is admitted by
the CVA Supervisors or has been determined in a final and binding manner in accordance with
Clause 7 (Establishing Allowed CVA Claims).
"Arrangements" means each of the CVAs between each of the Companies and their CVA
Creditors under Part I of the Insolvency Act as contemplated by this document (including any
modifications as contemplated by section 4 of the Insolvency Act) and as (if at all) varied or
amended in accordance with this document.
"Assets" means all of the assets of the Companies in any part of the world, whether tangible or
intangible (including cash) and whether present or future.
"Barclays" means Barclays Bank PLC.
"Barclays Facility" means the facility from Barclays under the New Facilities.
"Blane" means Blane Leisure Limited the details of which are set out in listed in the table in Annex
2 (Statutory Information).
"Blane Noteholders" has the meaning given to it in Paragraph 3.3 of Part III.
"Blane Payment Account" has the meaning given to it in Clause 10.1.2.
"BoS" means Bank of Scotland plc.
"BoS Facility" means the facility from BoS under the New Facilities.
"Challenge Period" means for the Companies the 28 day period commencing on the date on
which the reports required by section 4(6) of the Insolvency Act have been made to the Court or
Scottish Court.
"Claims Date" has the meaning given to it in Paragraph 10.3 of Part I (Introduction).
"Closed Premises" means those premises listed in Annex 4 (List of Closed Premises).
"Closed Premises Claim" means the CVA Claim of a Closed Premises Landlord relating to Closed
Premises Leases.
59
"Closed Premises Guarantors" means all guarantors of the Companies in relation to the Closed
Premises or any other premises previously occupied by the Companies who have an actual or
contingent liability in respect of the leases of the Closed Premises.
"Closed Premises Landlords" means any CVA Creditor with a CVA Claim in respect of a Closed
Premises Lease being a person entitled to the reversion immediately expectant upon the
termination of a Closed Premises Lease (but excluding a Contingent Property Creditors), including
its successors and assigns.
"Closed Premises Landlord Assumptions" means the assumptions to be applied by the Closed
Premises Landlords in calculated their CVA Claims in respect of Closed Premises Leases, being
those referred to in Annex 7 (Closed Premises Landlord Assumptions).
"Closed Premises Leases" means any real estate lease relating to Closed Premises of which a
Company is a tenant or any lease to be granted to a Company pursuant to an Agreement for Lease
and "Closed Premises Lease" shall mean any one of them.
"Closed Premises Previous Tenants" means all previous tenants of the Closed Premises who
have an actual or contingent liability in respect of the leases of the Closed Premises.
"Closed Premises Previous Tenants Guarantors" means all guarantors of the Closed Premises
Previous Tenants in relation to the Closed Premises who have an actual or contingent liability in
respect of the leases of the Closed Premises.
"Closed Premises Rent" means principal rent, service charge and other outgoings under the
terms of the relevant Closed Premises Lease.
"Companies" means JJB and Blane or where the context so admits the individual one of those
companies to which the Proposal relates and "Company" means either of them.
"Companies Act" means the Companies Act 2006.
"Connected Creditors" has the meaning given to it in Paragraph 3.6 of Part III (Statutory
Information, Background and Financial Information).
"Contingent Property Creditors" means each Closed Premises Previous Tenant, each Closed
Premises Guarantor; each Closed Premises Previous Tenants Guarantor, each Sub-Tenant.
"Contingent Property Liability" any contingent Liability of a Company to a Closed Premises
Previous Tenant, a Closed Premises Guarantor or a Closed Premises Previous Tenants Guarantor
in respect of a Closed Premises Lease which arises by an express or implied right of indemnity or
by subrogation or otherwise or any contingent Liability of a Company to a Sub-Tenant in respect of
Closed Premises.
"Continuing Lender" means Barclays and BoS.
"Court" means the High Court of Justice in England.
"CPL Payments" means each Payment to a Closed Premises Landlord in respect of his Allowed
Closed Premises Claim".
"CPL Payment Date" means the date on which the CPL Payment is applied by the CVA
Supervisors in accordance with Clause 13 (Payment of Allowed Closed Premises Claims).
60
"CPL Payment Amounts" means in relation to JJB the aggregate sum of £7,356,259 and in
relation to Blane, the aggregate sum of £2,643,741.
"CVA" means the company voluntary arrangements (or either of them as the context requires)
between the Companies and their CVA Creditors under Part I of the Insolvency Act on the terms set
out herein.
"CVA Claim" means any claim against the Companies in respect of a CVA Liability.
"CVA Creditor" means, in respect of each of the Companies, any person to whom the Companies
owe a CVA Liability including that person's successors in title, assignees and transferees.
"CVA Liability" means any Liability of either of the Companies which would be provable under
Rule 12.3 of the Insolvency Rules or, in respect of Blane, the Insolvency (Scotland) Rules against
the Companies if they had been placed in liquidation on the Implementation Date, provided that no
claim shall be made more than once against the Companies in respect of what is, in substance, the
same Liability.
"CVA Property Creditor" means each Closed Premises Landlord, each OSC Premises Landlord
and each Contingent Property Creditor.
"CVA Supervisors" means the supervisors of the CVA appointed pursuant to section 7(2) of the
Insolvency Act.
"CVA Termination Date" means the date that the CVA in respect of each Company is terminated
as set out in the Notice of Termination.
"Default Rate" means 4% over the base rate of Barclays from time to time.
"Directors" has the meaning given to it in Paragraph 1 of Part I (Introduction).
"Dilapidations Amount" has the meaning given to it in Paragraph 1.5.1(I) of Part IV (Key Terms of
the Proposal).
"Dispute Accountant" has the meaning given to it in Clause 16.5.
"Disputed Claim" means a CVA Claim or any portion of a CVA Claim which is not Allowed.
"Disputed Claim Amount" has the meaning given to it in Clause 16.4.3.
"Disputed Claim Notice" has the meaning given to it in Clause 16.2.
"EC Regulation on Insolvency Proceedings" means Council Regulation (EC) No. 1346/2000 of
29 May 2000 on Insolvency Proceedings.
"Encumbrance" means a mortgage, charge, pledge, lien or other security interest securing any
obligation of any person or any other agreement or arrangement having a similar effect.
"Enterprise Act" means the Enterprise Act 2002.
"Excluded Creditors" means any creditor of a Company to whom the Company owes an Excluded
Liability.
"Excluded Liabilities" means all of the Liabilities of the Companies compromising:
(a) Preferential Creditors' claims;
61
(b) employees claims for wages and other liabilities; and
(c) Secured Creditors' claims.
"Existing Facilities" means each of:
(a) a £60,000,000 revolving credit facility (now £30,255,000) provided by Barclays to JJB
pursuant to a facility agreement dated 21 June 2005 between, amongst others, Barclays
and JJB (as amended from time to time);
(b) an £18,000,000 term loan facility (now £8,475,000) provided by BoS to JJB pursuant to a
facility letter dated 8 June 2006 between, amongst others, BoS and JJB (as amended from
time to time); and
(c) a £20,000,000 term loan facility (now £11,270,000) provided by Kaupthing to JJB pursuant
to a short term facilities agreement dated 6 October 2008 between, amongst others,
Kaupthing and JJB (as amended from time to time).
"Existing Unsecured Creditors" means all CVA Creditors excluding CVA Property Creditors,
Open Premises Landlords and Excluded Creditors.
"Existing Unsecured Liabilities" means the Liabilities of Existing Unsecured Creditors.
"Fitness Clubs Business" means the business of operating the Fitness Clubs from the Fitness
Clubs Premises.
"Fitness Clubs" means the fitness clubs operated as part of JJB's business.
"Fitness Clubs Disposal" means the disposal of the Fitness Clubs Business.
"Fitness Clubs Leases" means any real estate lease relating to a Fitness Clubs Premises of which
JJB is a tenant.
"Fitness Clubs Premises" means those premises listed in Annex 3 (List of Fitness Clubs
Premises).
"Fitness Clubs Premises Landlord" means any CVA Creditor with a CVA Claim in respect of a
Fitness Clubs Premises Lease, including its successors and assigns.
"Group" means the group of connected companies including JJB and Blane.
"Guaranteed Lease" has the meaning given to it in Clause 14.1.
"Implementation Date" has the meaning given to that term in Clause 4.3 (Conditions Precedent to
the CVA).
"Insolvency Act" means the Insolvency Act 1986 (as amended from time to time).
"Insolvency Rules" means the Insolvency Rules 1986 (as amended from time to time).
"Insolvency (Scotland) Rules" means the Insolvency (Scotland) Rules 1986 (as amended from
time to time).
"Inter-Company Debts" means debts owed by the Companies to the remainder of the Group.
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"JJB" means JJB Sports plc the details of which are set out in listed in the table in Annex 2
(Statutory Information).
"JJB Payment Account" has the meaning given to it in Clause 10.1.1.
"Kaupthing" means Kaupthing Singer & Friedlander Limited (in administration).
"Landlords" means the Open Premises Landlords, the Closed Premises Landlords and the OSC
Premises Landlords.
"Late Payment Default Interest" has the meaning given to it in Clause 10.6.
"Lenders" mean Barclays, BoS and Kaupthing.
"Liability" means any obligation of a person, whether it is present, future or contingent, whether or
not its amount is fixed or liquidated, whether or not it is disputed, whether or not it involves the
payment of money, whether it is secured or unsecured and whether it arises at common law, in
equity, by contract, or by statute in England, Scotland or in any other jurisdiction, or by any order,
judgment, decree or any other act of any court (including without limitation to the foregoing
generality, the Court and/or the Scottish Court or any of the Sherriff Courts in Scotland or in any
other manner whatsoever.
"Lloyds" means Lloyds Banking Group plc.
"Lloyds Facility" means the facility from Lloyds under the New Facilities.
"Loan Notes" has the meaning given to it in Paragraph 3.3.1 of Part III (Statutory Information,
Background and Financial Information).
"Minimum Remaining Term" means in relation to a lease, the period commencing on the Next
Quarter Day and expiring on the earlier of (1) the date being the expiry of the term of the relevant
lease; and (2) the first date on which the lease could be terminated on the basis that the relevant
Company exercises any option to which it is entitled to bring the lease to an end.
"Mitigation Amount" has the meaning given to it in paragraph 1.5.1(J) of Part IV (Key Terms of the
Proposal).
"Monthly Rent Term" means the period commencing on the Next Quarter Day and ending on the
Monthly Rent Termination Day.
"Monthly Rent Termination Date" means the date that falls twelve months after the Next Quarter
Date.
"New Facilities" means each of:
(a) a £25,000,000 facility to be provided by Barclays to JJB; and
(b) a £25,000,000 facility to be provided by Lloyds to JJB.
"Next Quarter Day" means the next date falling after the Implementation Date on which rent is
payable under the relevant Open Premises Lease.
"Nominee" means the nominee in respect of the Proposal as defined in section 1(2) of the
Insolvency Act.
"Notice of Meeting" means the notice of Creditors' and members' meetings to approve the
Arrangement substantially in the form set out in Annex 12 (Notice of Meetings).
63
"Notice of Termination" means the notice to be sent by the CVA Supervisors in accordance with
Clause 34 (Termination of the CVA) substantially in the form contained in Annex 16 (Notice of
Termination).
"Open Premises" means those premises listed in Annex 5 (List of Open Premises).
"Open Premises Landlord" means any CVA Creditor with a CVA Claim in respect of an Open
Premises Lease (but excluding a Contingent Property Creditor), including its successors and
assigns.
"Open Premises Lease" means any real estate lease relating to an Open Premises of which the
Companies are a tenant.
"Open Premises Rents" means any rents and other outgoings payable under the terms of the
relevant Open Premises Lease.
"Open Premises Rent Concession Period" means the period commencing on the Next Quarter
Day and ending on the Monthly Rent Termination Date.
"Ordinary Unsecured Creditors" means the Unsecured Creditors other than the CVA Property
Creditors and the Open Premises Landlords.
"OSC" has the meaning given to it in Paragraph 2.1.4 of Part III (Statutory Information, Background
and Financial Information).
"OSC Parent Guarantees" means any guarantee given by JJB of OSC's Liabilities under an OSC
Premises Lease, including those guarantees listed at Part A of Annex 9 (List of Guarantees).
"OSC Premises Landlord" means any CVA Creditor with a CVA Claim in respect of an OSC
Parent Guarantee.
"OSC Premises Lease" means any real estate lease relating to the properties in the locations
listed in Part A of Annex 9 (List of Guarantees).
"Outcome Statements" means the outcome statements in respect of JJB and Blane set out in
Annex 6 (Outcome Statements).
"Payment" means any payment by the CVA Supervisors or the Companies pursuant to the terms
of the CVAs.
"Payment Accounts" means each of the JJB Payment Account and the Blane Payment Account
as those terms are defined in Clause 10 (CPL Payment Amounts).
"Payment Accounts Interest" means interest accruing on amounts standing to the credit of the
Payment Accounts.
"Preferential Creditors" means those creditors of the Companies with Preferential Liabilities.
"Preferential Liabilities" mean those Liabilities of the Companies which would be preferential
within the meaning of the Insolvency Act (including any transitional or savings provisions applicable
as a result of, or in connection with, the enactment of the Enterprise Act 2002).
"Premises" means the Closed Premises and the Open Premises.
"Prescribed Part" has the meaning given to it in Paragraph 3.8 of Part III (the Prescribed Part).
64
"Proposal" means the proposals of the Directors of each Company for the CVA of that Company
(comprising these terms of the CVA).
"Proxy Form" means a form of proxy for the Creditors' or members' meetings of the Companies
substantially in the form contained in Annex 13 (Forms of Proxy).
"Purchaser" means Dave Whelan Sports Limited.
"Qube" has the meaning given to it in Paragraph 2.1.4 of Part III (Statutory Information,
Background and Financial Information).
"Rates" means any rates in respect of properties within the meaning of the Relevant Rating
Legislation.
"Relevant Rating Legislation" means:
(a) in the case of any Premises located in England and Wales, the Local Government Finance
Act 1988, the Non-Domestic Rating (Unoccupied Property) (England) Regulations 2008 and
the Rating (Empty Properties) Act 2007;
(b) in the case of any Premises located in Northern Ireland, Schedule 8A of the Rates
(Northern Ireland) Order 1977 and paragraph 3 of the Non-Domestic Rating (Unoccupied
Property) Regulations (Northern Ireland) 2004; or
(c) in the case of any Premises located in Scotland, any rates, the proceeds of which are
applicable to public local purposes and which are leviable in respect of lands and heritages
including, but not restricted to, non-domestic rates levied in accordance with sections 7, 7A
and 7B of the Local Government (Scotland) Act 1975.
"Rent Concession Agreement" has the meaning given to it in paragraph 1.4 of Part IV (Key
Terms of the Proposal).
"Scottish Court" means the Court of Session in Scotland.
"Secured Creditors" means the Lenders, Thomas Blane Hunter and those persons referred to in
Part B of Annex 11.
"Standstill" means the revised standstill arrangements entered into on 25 March 2009 pursuant to
a Deed of Amendment and Restatement relating to a Standstill Deed dated 10 December 2008 (as
amended from time to time) between, inter alia, the Lenders, JJB and Blane.
"Sub-Tenant" means a person with rights of occupation and use (whether as tenant, licensee or
concessionaire) of Closed Premises which are immediately derived out of any Closed Premises
Lease.
"Summary Statement of Affairs" means the summary of the Directors' statement of affairs in
respect of each of the Company as set out in Annex 18 (Summary Statement of Affairs).
"Tax" includes all present and future taxes, levies, imposts, duties, fees or charges of whatever
nature together with interest thereon and penalties in respect thereof.
"Total Closed Premises Rent" has the meaning given to it in Paragraph 1.5.1(H) of Part IV (Key
Terms of the Proposal).
"U.K." means the United Kingdom of Great Britain and Northern Ireland.
65
"Unclaimed Payment" means any Payment which is unclaimed following the CPL Payment Date
and shall, without limitation, include:
(a) cheques which have been returned as undeliverable without a proper forwarding address;
(b) funds for cheques which have not been cleared; and
(c) cheques which were not mailed or delivered because of an incorrect address.
"Unclaimed Payment Amount" has the meaning given to it in Clause 22.2.4.
"Unclaimed Payment Date" has the meaning given to it in Clause 22.2.3.
"Unsecured Creditor" means any person to whom the Company owes a Liability including an
Excluded Creditor but excluding a Secured Creditor or Preferential Creditor.
"VAT" means value added tax as provided for in the Value Added Tax Act 1994 and any other tax
of a similar nature.
"Voting & Notice of Claim" means a claim in writing substantially in the form contained in Annex
14 (Voting & Notice of Claim).
66
PART B
INTERPRETATION
1. Part and Clause headings and the table of contents are inserted for convenience of
reference only and shall be ignored in the interpretation of the CVAs.
2. In these terms of the CVAs, unless the context otherwise requires:
2.1 references to Parts and Clauses are to be construed as references to the parts and
clauses of these terms of the CVAs and references to Annexes are to be construed
as references to the annexes to these terms of the CVAs;
2.2 references to (or to any provision of) the CVAs shall be construed as references to
the CVAs or that provision as in force for the time being and as amended in
accordance with its terms;
2.3 words importing the plural shall include the singular and vice versa and the
masculine, feminine or neuter gender shall each include the other genders;
2.4 references to a person shall be construed as including references to an individual,
firm, company, corporation unincorporated body of persons or any state or any
agency thereof; and
2.5 references to any enactment or statutory instrument shall be to such enactment or
statutory instrument as amended and in force on the date of this document.
3. For the purposes of any indemnity in the CVAs, references to the CVA Supervisors shall,
where the context so permits, include their present and future firm or firms, fellow members,
partners and employees, and any legal entity or partnership of which they are a member,
partner, officer or employee and the partners, fellow members, shareholders, officers and
employees of such entity or partnership.
67
ANNEX 2: STATUTORY INFORMATION
PART A
JJB CORPORATE INFORMATION
Company Name: JJB Sports plc
Registered Office Address: Challenge Way
Martland Park
Wigan
Lancashire
WN5 0LD
Registered Number: 01024895
Date of Incorporation: 22/09/1971
Previous Name: None
Principal Trading Address: Challenge Way
Martland Park
Wigan
Lancashire
WN5 0LD
Trades from stores nationwide
68
PART B
BLANE CORPORATE INFORMATION
Company Name: Blane Leisure Limited
Registered Office Address: 56/58 Argyle Street
Glasgow
Lanarkshire
G2 8AF
Registered Number: SC109050
Date of Incorporation 03/02/1988
Previous Name: None
Principal Trading Address: Challenge Way
Martland Park
Wigan
Lancashire
WN5 0LD
Trades from stores nationwide
69
ANNEX 3: LIST OF FITNESS CLUBS PREMISES
STORE LOCATION ADDRESS LANDLORD / DEVELOPER
425/563 Halifax
Unit A Retail Park at
Charlesworth Road Halifax
Halifax Retail Park Limited
495/593 Blackburn
The Health and Fitness Unit
Peel Centre Lower Audley
Street Blackburn
Peel Investments (North) Ltd
498/1504 Bolton Unit 3 Burnden Park Bolton Grangefern Limited
408/1506 Winsford
Unit 1 Jubilee Place Winsford
Cross Shopping Centre
Winsford Cross Developments
Ltd
1002/1516 Leigh
Unit 8 Parsonage Retail Park
Leigh
Brookhouse Group Ltd
519/1511 Gainsborough
Unit 2 Marshalls Yard
Gainsborough
Dransfield Properties Ltd
472/597
Telford Forge Retail
Park
Telford Forge Retail Park Unit
The Junction Ltd (Capital &
Regional)
478/1502 Selby
Unit 1 Three Lakes Retail Park
Bawtry Road Selby
Dransfield Properties Limited
457/572 Newcastle Unit 1-3 Newcastle Retail Park Goodman Property Investors
0363/556 St Helens
Unit 5, Milverney Way,
Ravenhead Park, St Helens
British Land Retail Warehouse
Limited
361/555 Middlesbrough
Middlesbrough Leisure Park,
Marton Road/ North Ormesby
Road, Middlesbrough
High Point Estate
(Middlesbrough) Limited
526/1507 Thanet
Mall B, Unit 27 The Fort,
Westwood Cross, Thanet, Kent
Land Securities Properties
Limited
448/568 Widnes Cross Street, Widnes Luxury Properties
426/562 Swindon
Health and Fitness Centre, The
Orbital Shopping Park, Haydon
Sector III, Haydon Wick,
Swindon, Wiltshire
Unit B4, The Orbital Shopping
Park, Haydon Sector III,
Haydon Wick, Swindon,
Wiltshire
Hurwood Limited
398/559 Southport
Unit at Ocean Plaza Marine
Parade Southport
Standard Life Investments Fund
Ltd
0423/561 Bangor
Units B and C St David's Retail
Park Bangor
UBS Triton Property Fund
518/590 Llanelli
Unit 8D Parc Trostre Llanelli
Dyfed
Stadium Retail Investments
(2003) Ltd
70
STORE LOCATION ADDRESS LANDLORD / DEVELOPER
1049/1552
Ty Glas Retail Park,
Cardiff
Unit 5 Ty Glas Retail Park
Cardiff
Stadium (Ty Glas) Ltd
493/595 Gloucester
Unit 2 St Oswald's Park
Gloucester
Grantchester Property
(Gloucester) Ltd
391/558 Leeds
Centre 27 Gelderd Road Birstall
Leeds
High Point Estate (Birstall) Ltd
471/579 Merthyr Tydfil
Unit One Cyfarthfa Retail Park
Swansea Road Merthyr Tydfil
Hammerson Merthyr Unit Trust
227/550 Warrington 2 Bank Street Warrington K A Property Service Limited
1008/1522 Wirral
23 Wetton Road Bromborough
Wirral
Universities Superannuation
Scheme
1004/1518 Cambridge
Unit 2B Beehive Centre
Cambridge
British Land
427/564 Macclesfield
Unit 1, Lower Floor forming part
of The Silkworks, Pickford
Street, Macclesfield
Unit 1, Upper Floor forming part
of The Silkworks, Pickford
Street, Macclesfield
Consolidated Property Wilmslow
Limited
492/589 Newport
Unit 7, 28 East Retail Park
Maeglas Newport
AXA Sun Life plc
1016/1525 Nottingham
Victoria Parkway Netherfield
Nottingham
Geo. Akins (Holdings) Limited
1003/1517 Mansfield
Unit 1 Portland Retail Park
Mansfield
Peveril Securities Limited
433/565 Hull
The Mount Retail Park
Holderness Road Mount
Pleasant Hull
Universities Superannuation
Scheme Limited
444/570 Kidderminster
Unit 12 Weavers Wharf
Kidderminster
Henderson UK Retail
Warehouse Fund
439/566 Bristol
Units 2a and 2b Imperial Park
Hartcliffe Way Bristol
The Junction Limited (Capital &
Regional)
1001/1515 Inverness Inverness Retail Park Inverness
BNP Paribas Sec Svcs Trust
Co. (Jersey)
458/567 Aberdeen
Unit 2 Boulevard Retai1 Park
Aberdeen
Standard Life Investments Fund
Limited
462/573 Glasgow
Unit 10 Block 2 Glasgow Fort
Glasgow
BNP Paribas Sec Svcs Trust
Co. (Jersey)
466/574 Coatbridge
Main Street / Coatbank Street
Coatbridge
LJR Properties Limited
470/580 Dundee
Gallagher Retail Park East
Dock Street Dundee
Countrywide Dundee Limited /
Bellshelf TwentyNine Limited
71
STORE LOCATION ADDRESS LANDLORD / DEVELOPER
443/569 Burton on Trent
Retail Unit 11 Phase 2
Middleway Park Guild Street
Burton on Trent
F & C Property Asset
Management plc
475/1500 Morecambe
Unit A Marine Road West
Morecambe
William Morrison Supermarkets
plc
328/554 Oldham
Units 11 and 12 Royton Phase
IV Oldham
British Land Retail Warehouse
Limited
305/551 Manchester
Sports Hall Trafford Regional
Sports and Leisure Complex
Trafford Park Manchester
Peel South East Limited
479/578 North Shields
JJB Soccer Dome Royal Quays
North Shields
DVS Property Limited
0329/552 Derby
Indoor Soccer Centre and retail
warehouse Pride Park Derby
Halifax Life Limited
461/571 Blackburn
JJB Soccerdome Haslingden
Road Blackburn
Pickard Properties
Canterbury
Units 1 and 2 Maybrook Retail
Park, Canterbury
Downham Properties Limited
Tunstall
Unit 1 Alexandra Park, Scotia
Road, Tunstall
Dransfield Properties Limited
Barrow
Unit B Cornmill Park, Hindpool
Road, Barrow
Positive Location Properties
Limited
Wigan
Soccer Centre, Robin Park,
Wigan
Wigan Football Company
Limited
Belfast Unit 7, Boucher Road, Belfast Corbo Limited
Newtownabbey
Unit 6, Longwood Road,
Newtownabbey
Corbo Limited
Londonderry
Unit 11, Phase 2 Crescent Link
Retail Park, Londonderry
Genova North West Limited
Dunstable
Unit 7a, White Lion Retail Park,
Boscombe Road, Dunstable
Universities Superannuation
Scheme Limited
Northampton
St James Retail Park,
Towcaster Road, Northampton
St James Retail Park
Northampton Limited
Bury Angouleme Way, Bury High Point Estates Limited
Bangor
Unit 5 Retail Park. Bloomfield
Shopping Centre, Bangor NI
Donegal Place Investments
Limited
Poole
Unit C4, Commerce Centre,
Poole
Ravenside Investments Limited
Carlisle
Leisure Unit at Currock Road,
Carlisle
Commercial Development
Projects Limited
Milton Keynes
Unit B, The Stadium, Milton
Keynes
Inter MK Limited
72
STORE LOCATION ADDRESS LANDLORD / DEVELOPER
Wrexham
Unit 8, Plas Coch Retail Park,
Wrexham
BNY Trust Company Limited
Capital Retail Park,
Cardiff
Unit 10 Capital Retail Park,
Leckwith, Cardiff
Capital and Regional
Barnsley
Unit 7, Peel Centre,
Harborough Hill Road, Barnsley
Peel Investments Limited
Coventry
Unit 3, Binley Shopping Park,
Coventry
Norwich Union Life and
Pensions Limited
Ayr Ayr MacDonald Estates Group plc
Huddersfield
Unit 3, Phoenix Retail Park,
Huddersfield
Cranford (Huddersfield) Limited
73
ANNEX 4: LIST OF CLOSED PREMISES
PART A
JJB STORES
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
6 Chester The Forum
9/11 The Forum, Chester, CH1
2BY
Northgate Ltd Partnership
58 Dudley High St
66/67 High Street, Dudley,
West Midlands, DY1 1PY
Mr George Charalambous
66 Paisley
Unit 6a, Moss Street, Paisley,
PA1 1BL
Shenton Enterprises Ltd
84 Huddersfield New St
26 New Street, Huddersfield,
HD1 2BU
Atmore Developments Limited
88 Doncaster High St
40a High Street, Doncaster,
DN1 1DE
Lazarus Properties Limited
98
Rotherham Old Town
Hall
3, 4 & 5 The Old Town Hall,
Howard Street, Rotherham,
S60 1QU
UK PH No 1 Ltd
108 Falkirk High St
128 High Street, Falkirk, FK1
1NR
Mar Retail Ltd
118 Airdrie Bank St
16/20 Bank Street, Airdrie,
ML6 6AF
Space commercial
120 Cheltenham High St
Unit 2, 99/107 High Street,
Cheltenham, GL50 1DP
Norwich Union Life & Pensions
Ltd C/o Morley Fund
Management
121 Perth High St
178/180 High Street, Perth,
PH1 5PA
Ardinia Investments
141 Burnley
43 St James Street, 8 The
Mall, Market Square Shopping
Centre, Burnley
Sapphire Retail Fund
146 Hartlepool Middleton
103 Middleton Grange
Shopping Centre, Hartlepool,
TS24 7RR
PPG Metro 500 Limited, C/o
Cushman & Wakefield, Healey &
Baker
148 Plymouth
Unit 4, 65/69 New George
Street, Plymouth, PL1 1RB
Civil Aviation Authority Pension
Scheme
154 Aberdeen Clearance
Unit 4, Berryden Road,
Aberdeen AB25 3SA
Railway Pension Nominees Ltd
158 Birmingham One Centre
3 One Stop Shopping Centre,
Walsall Rd, Perry Barr,
Birmingham, B42 1AA
Kleinwort Benson (Channel
Islands) Corporate Services Ltd
& (Jersey) Trustees Ltd
74
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
163
Manchester Great
Ancoats
Unit 1a Central Retail Park,
Great Ancoats Street,
Manchester, M4 6DJ
Henderson UK Retail Warehouse
Fund
165 Ashton-U-Lyne
33 The Arcades, Washington
Street, Ashton-under-Lyne,
OL6 7JE
Apollo Ashton Unit Trust
173 Gateshead Team Valley
Unit 12 Retail World, Team
Valley, Gateshead, NE11 0BD
Ravenside Investments Limited
176 Tamworth Ankerside
Unit 47, Ankerside Shopping
Centre, Tamworth, Staffs B79
7LG
Tamworth Unit Trust (Whitmill
Trust Company Ltd)
180 York Goodramgate
York Newitts, 77
Goodramgate, York, YO1 2LS
Newitts
181 Watford
69 High Street, Watford, WD17
2DJ
WRP Management Limited
191 Walsall Broadwalk
Unit 2a, Broadwalk Retail
Park, Bescot Crescent,
Walsall, WS1 8SB
ROM Capital (Asset
Management)
192 Altrincham Retail Park
Unit 7, Altrincham Retail Park,
Broadheath, Altrincham, WA14
5GR
The Crown Estate
212
Gloucester Southgate
St
21/25 Southgate Street,
Gloucester, GL1 1TP
The Mall Limited Partnership C/o
The Mall Corporation Limited
235 Swansea Parc Tawe
Unit 7 Parc Tawe North,
Swansea, SA1 2AL
ING UK Listed Real Estate
242a
Cardiff Queen Street
2nd Floor
Unit 10-11, Queens West,
Queen Street, Cardiff, CF10
2AQ
Scottish Widows Plc & Scottish
Widows Unit Fund Limited (C/o
Jones Lang LaSalle)
283 Reading Forbury
Unit A3 Forbury Retail Park,
Kenavon Drive, Reading,
Berks RG1 3JD
Norwich Union Life & Pensions
Ltd C/o Jones Lang Lasalle
297 Birmingham Pallasades
Unit 62, The Pallasades,
Birmingham B2 4XA
The Pallasades Birmingham Unit
Trust
312 Borehamwood
Unit 3, Boulevard 25,
Theobalds Street,
Borehamwood, Herts WD6
4PR
Merlin UK Prop Venture 2 SARL
333 Bradford Enterprise 5
Unit B, Enterprise 5, Bradford
Road, Idle, Bradford BD10
1EG
Wm Morrison Supermarkets PLC
352 Cowley
Unit 4, John Allen Way,
Templars Retail Park, Cowley,
Oxford OX4 3JP
Kyarra S.A.R.L
75
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
358 Beckton
Unit 2, Beckton Retail Park,
Alpine Way, Beckton, London
E6 6HL
Glanmore Investments Ltd
368 Manchester Eccles
Unit 11, West One Way,
Salford M50 1ZD
Dominion Corporate Trustees Ltd
371 Stockport Merseyway
Unit 4, Merseyway, Stockport
SK1 1QA
Stockport Holdings Limited
375 Romford
Unit 6, The Brewery, Romford,
Essex RM1
JO - The Brewery Romford
414 Bury Clearance
27 The Mall, The Millgate
Centre, Bury, BL9 0QG
SW plc, SWUF Ltd & LTGP LPI
434 Northampton Drapery
6-7 The Drapery, Northampton
NN1 2ET
David Whelan, Pat Whelan &
Jayne Sharpe
442 Ellesmere Port Marine
Marine Walk, The Port Arcade,
Ellesmere Port, CH65 0BW
FREP (Ellesmere Port)
446 Harlow
Unit 43/48a, The Harvey
Centre, Harlow, Essex, CM20
1XW
Sapphire Retail Fund
452 Warrington Bridge St
Unit 3, 26-34 Bridge Street,
Warrington, WA1 2QS
M & F Finance (Ireland) Ltd
459
Birmingham The Fort
Parkway
Unit 1b, Fort Retail Park,
Birmingham, B24 9FP
Fort Retail Park Trust
488 Stratford Upon Avon
Unit 21, Town Square
Shopping Centre, Stratford - U
- Avon, CB37 6JW
LR(Stratford)Ltd
489 Smethwick
Windmill SC Cape Hill
Smethwick
Berkeley Square Common
Investment Fund Ltd
535 Paisley (Rangers)
18 High Street, Paisley PA1
2SD
M & E Management
549
Wigan (Fitness First)
Temporary
21 Loire Drive, Robin Park,
Newtown, Wigan, WN5 0UH
Blair Estates
10 Oldham
33/35 Henshaw Street,
Oldham, OL1 1NH
James Hay Pension Trustees
Limited
11 Leigh
19/23 Lord Street, Leigh,
Lancashire, WN7 1AB
Reginald Cook & Co
18 Warrington
22 Bridge Street, Warrington,
Cheshire, WA1 2QS
Welbeck CP
35 Leicester
38 & 40 Granby Street
Leicester
Urban Commercial Properties
Ltd
50 Peterborough
Unit 2, 4 The Broadway,
Peterborough, PE1 1RS
Milton (Peterborough) Estates
Company
76
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
60 Prescot
Unit 5, Prescot Shopping
Centre, Prescot, Liverpool, L34
5GA
Propinvest Presford Limited
Partnership
90 Stirling
65 Murray Place, Stirling,
Scotland, FK8 1AP
Robert Duthie & Sons Limited
107 Kirkcaldy High St
180 High Street, Kirkcaldy,
KY1 1JW
Doherty Property Unit Trust No.
102
122 Shrewsbury 37/38/38a Castle Street
U.K. Estates Management
Limited
136 Manchester Market St
103 Market Street,
Manchester, M1 1NN
Signet Group Plc
139 Slough 218/220 High Street, Slough Mr M Choudhery
206 Hemel Hempstead
Unit 187a Marlowes, Hemel
Hempstead, Hertfordshire,
HP1 1BB
The Standard Life Investment
Fund Ltd
221
Ilford Great Eastern
Mills
Great Eastern Mills, King
George's Avenue, Ilford,
Essex, IG2 7SH
Sainsbury's Supermarkets
Limited
351 Rhyl (Howards)
16 High Street, Rhyl, North
Wales
Sheffield Mutual Friendly Society
377 Nottingham Lady Bay
Unit 1 Lady Bay Retail Park,
Meadow Lane, Nottingham
NG2 3GZ
La Salle UK Venture Prop 9
SARL
1971 BARROW OSC
35 Portland Walk, Barrow-in-
Furness, LA14 1DB
Yolande Ltd in administration
5001 Reading
Unit 4 Vastern Court Retail
Park, Station Road, Reading
RG1 8AL
Morley Pooled Pensions Limited
5014 Altrincham
74/84 George Street,
Altrincham
Altringham Regeneration Limited
Partnership c/o Mere Park Plc
5017 Penrith
Unit 25b, Penrith New
Squares, Penrith
Lowther Manelli Properties Ltd
5020 Worcester 29a The Shambles, Worcester Scope Investments Ltd
1953 NORTHAMPTON OSC
51A/53 Abington Street,
Northampton NN1 2AN
F3 Ltd c/o Chown Commercial
Ltd
1956 TORQUAY OSC
38/40 Union Street, Torquay,
TQ2 5PW
Davies Holdings Ltd
1957 WAKEFIELD OSC
22 Kirkgate, Wakefield, WF1
1SP
Storey group Ltd c/o Allot
Associates
1960
GATESHEAD
GALLERIA OSC
Unit 1, 45A The Galleria, The
Metrocentre, Gateshead,
NE11 9YP
CSC
77
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
1964 SCUNTHORPE OSC
Unit SU3, Cole Street, The
Parishes SC, Scunthorpe,
South Humberside, DN15 6QZ
The Jubilee Way Consortium
617 Blackburn
40 King William Street,
Blackburn, BB1 7DP
The Mail Partnership
621 Accrington
Unit 6, Cornhill, Broadway,
Accrington, Lancashire, BB5
1EX
Wainvale LTD
630 Lisburn – Haslems Lane 13 Haslams Lane, Lisburn; Clonard Estates
635
Kilmarnock Protland
Street
12 Portland Street,
Kilmarnock, KA1 1HZ
Elmgulf Limited
636 Macclesfield
5/7 Mill Street, Macclesfield,
SK11 6NA
AXA Sun Life Plc
78
PART B
BLANE STORES
STORE LOCATION ADDRESS LANDLORD / DEVELOPER
288 Barrow Hollywood Pk
Unit F, Hollywood Park, Barrow in
Furness LA14 2NQ
Standard Life Investments
290 Baguley
Brookway Retail Park, 450
Altrincham Road, Baguley,
Manchester M23 9BL
Windsor Life Unit Linked
611 Eltham 116 High Street, Eltham SE9 1BW FOTO FAST Limited
612 Basildon Unit 28, Eastgate Centre
Eastgate Shopping Centre
C/o British Land Company
616 Uxbridge
9/9a Chequers Square, Uxbridge
UB10 1LN
The Mall Ltd
622 Kirkcaldy
147-149 High Street, Kirkcaldy KY1
1LR
Robert Duthie & Sons
Limited
633 Maidstone
Unit D, Chequers Centre,
Maidstone ME15 6AT
The Mall Ltd
739 Northampton (S.D)
Unit 23 (Levels 2 & 3), Peacock
Place, Northampton, NN1 2DP
Peacock Place Ltd
744 Dudley Brierley Hill
Unit L85, Merry Hill Centre, Brierley
Hill, West Midlands DY5 1SY
MH (No.1) Limited
Partnership
824 Warrington Riverside
Unit 3, Riverside Retail Park,
Warrington WA1 2HY
Prudential Assurance
Company Limited
839 Reading Brunel
Unit 3, Brunel Retail Park, Rose
Kiln Lane, Reading, Berks RG2
0JZ
Norwich Union Life &
Pension Ltd
863 Paisley Nova Scotia 35a High Street, Paisley PA1 2SD Clarkson Limited
870 Sunderland Roker Ave
Unit 7, Sunderland Retail Park,
Roker Avenue, Sunderland SR6
0BW
Mountview Securities
Investments
898 Croydon Valley
Unit C, Valley Retail Park, Croydon
CR0 4YG
Scottish Widows Plc
904
Manchester - Salford
Regents
Unit B, Regents Retail Park,
Regents Road, Salford M5 4QU
Prudential Assurance
Company Limited
910 Swansea Clearance
Unit 10, Parc Tawe Retail Park,
Swansea SA1 1HP
Mounrant & Co Trustees Ltd
& Mourant Property
923 Bridgend
14/15 Rhiw Centre, Bridgend, Mid
Glamorgan CF31 1BY
Bridgend Unit Trust C/o
Colliers Cre
946 Bangor (Wales)(S.D)
234 High Street, Bangor, North
Wales LL57 1PA
Camberford Limited
79
STORE LOCATION ADDRESS LANDLORD / DEVELOPER
967 Stetchford
Unit B, Stetchford Retail Park,
Station Rd, Stetchford, Birmingham
B33 9AN
Norwich Union Life &
Pension Ltd, c/o Jones Lang
LaSalle
972 London Friern Barnet
Unit 8, Friern Bridge Retail Park,
Friern Barnet, London N11 3PW
Legal & General Assurance
Society Ltd
0990B
Unit 16, The Kennet
Centre, Newbury
UNIT 16, THE KENNET CENTRE,
NEWBURY
Plus Shops
610 Romford
45-47 South Street, Romford,
Essex RM1 2BX
Huxley Investments Limited
613 Dundee 79 Murraygate, Dundee DD1 2EA Southpark Flats Ltd
700 Oxford Street (S.D)
301-309 Oxford Street, London
W1C 2HW
Swan Walk Sarl
729 Worthing (S.D)
29 Montague Street, Worthing,
West Sussex BN11 3BE
Boylan Sisters Ltd
771 Manchester Mkt St.(Sd)
48-50 Market Street, Manchester
M1 1PW
Legal & General
0990C
46 Queens Road,
Bristol
46 QUEENS ROAD, BRISTOL Central and Shop Ltd
0990D The Octagon Centre
THE OCTAGON CENTRE, HIGH
WYCOMBE
Mounrant & Co Trustees Ltd
& Mourant Property
1966 KINGSTON OSC
61 Clarence Street, Kingston upon
Thames, Surrey KT1 1RB
British Airways Pension
Trustees Ltd
1967 STIRLING OSC
Unit 31, Thistle Marches, Stirling
FK8 2EE
Standard Life Investment
Fund Ltd
80
ANNEX 5: LIST OF OPEN PREMISES
PART A
JJB STORES
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
17 Halifax Market St
12/16 Market Street, Halifax, HX1
1PD
Threadneedle Property Unit
Trust
21 Liverpool - Wallasey
3/5 Liscard Way, Wallasey, L44
5TL
Cherry Tree Trustee One
Ltd and Cherry Tree Trustee
Two Ltd
39 Sunderland High St
92 High Street West, Sunderland,
SR1 3BY
S & F PROPERTIES
LIMITED
52 Liverpool - Bootle
309/311 Stanley Road, Bootle,
Merseyside, L20 3LO
ING Retail Property Fund
(Title Company No 1) Ltd
and ING Retail Property
Fund (Title Company No 2)
Ltd
65 Chorley
77/79 Market Street, Chorley,
Lancashire, PR7 2SN
Geltex Limited
72 Hamilton Quarry St
43 Quarry Street, Hamilton,
Scotland, ML3 7AH
Buccleuch Heritage Trust
77 St Helens La Grange
7 La Grange Arcade, St Helens,
WA10 1BN
ING Britannica St Helens
LLP
92 Hanley Piccadilly
7/11 Piccadilly, Hanley, Staffs, ST1
1DG
Topcastle Properties Ltd
110 Swansea Union St
5/6 Union Street, Swansea, SA1
3EE
Manchester Syndicates 16
Ltd c/o Halliwell Landau
124 Winchester
47 High Street, Winchester, Hants,
SO23 9BT
PIG Fund Winchester SPV
Ltd
125 Mansfield Westgate
36/38 Westgate, Mansfield, Notts,
NG18 1RS
Kenann Investments Limited
126 Wakefield Kirkgate
19/21 Kirkgate, Wakefield, West
Yorkshire, WF1 1HS
Real Estate Investors plc
128 Motherwell
85 Brandon Parade South,
Motherwell, M11 1RB
CALA Properties
(Motherwell Ltd)
129
Nottingham Lower
Parliament
6/8 Lower Parliament Street,
Nottingham, NG1 3OA
Scottish Widows Unit Funds
Limited
131 Bury St Edmunds
Unit 6, Cornhill Walk Shopping
Centre, Bury St Edmunds, IP33
1EJ
Landmaster Properties Ltd
81
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
132 Hereford
46/48 Commercial Street, Hereford,
HR1 2DJ
McDonald Real Estate
Liability Partnership
133 Redditch
40 Evesham Walk, Redditch,
Worcester, B97 4HA
Scottish Widows Plc
135 Elgin
Unit 1, St Giles Centre, High St,
Elgin, Morayshire, IV30 1EA
Upland Development
Limited
137 Great Yarmouth
22 Market Place, Great Yarmouth,
NR30 1LY
J.W Kraus
142 Bangor Ni
59 Main Street, Bangor, Co. Down,
Northern Ireland, BT20 5AF
L & W Properties
149 Belfast Ann St
25/27 Ann Street, Belfast, Northern
Ireland, BT1 4EB
Kiltec Properties speak to
Ardmore Commercials
151 Chatham
167/169 High Street, Chatham,
Kent, ME4 4BA
Prudential Assurance
Company Limited
152 Belfast Royal Ave
58/66 Royal Avenue, Belfast,
Northern Ireland, BT1 1DH
JJ Hennebry & Son
153 Boston
5/7 Wide Bar Gate, Boston, Lincs,
PE21 6QY
The Trustees of The Ramar
& Solo Charitable Trust
159 Newry Hill St
54 Hill Street, Newry, Co. Down,
Northern Ireland, BT34 1AR
The Bunclody Trust
166 Dorchester
14 South Street, Dorchester,
Dorset, DT1 1BS
CCL Dorchester Limited
167 Preston Fishergate
19 Fishergate, Preston,
Lancashire, PR1 3PS
Asda Stores Limited
170 Norwich Sprowston
Unit 11 Sprowston Park, Salhouse
Road, Sprowston, Norwich, NR7
9AZ
Co-operative Insurance
Society Limited
174 Coleraine Hanover Pl
Unit 1 Hanover Place, Coleraine,
Northern Ireland, BT52 1EB
Herbel Restaurants Ltd
178 Woking
The Peacocks Causeway, Woking,
Surrey, GU21 1GB
Peacock Centre
182 Londonderry Richmond
Unit 3, Richmond Centre,
Londonderry, Northern Ireland,
BT48 6PE
W G Mitchell (Richmond)
Limited
183
Sunderland Timber
Beach
Unit 3, Retail Park, Timber Beach
Road, Sunderland, SR5 3XG
Prudential Assurance
Company Limited
185
Cheltenham
Roundhouse
The Roundhouse, 19 Gloucester
Road, Cheltenham, GL51 8NE
Homebase Limited
187 Dundee
48/60 Murraygate, Dundee, DD1
2BB
Tesco Stores Ltd
82
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
188 Southampton
24 Harbour Parade, 11 West Quay
Retail Park, Southampton, SO15
1BA
CGNU Life Assurance
Limited
189 Carlisle
Unit 3, Grapes Lane, Carlisle, CA3
8NH
CGNU Life Assurance
Limited
190 Bradford Forster Sq
Unit 7, Forster Square, Bradford,
BD1 4AG
The Mary Estate Ltd
194 Ipswich Carr St 26/32 Carr Street, Ipswich, IP4 1EL National Car Parks Limited
195 Manchester Market St
58/66 Market Street, Manchester,
M1 1PW
Tesco Stores Ltd
196 Glasgow Sauchiehall
Sauchiehall Centre, Sauchiehall
Street, Glasgow, G2 3ER
Aegon Uk Property c/o
Morley Fund Management
200 Luton
57/59 The Arndale Centre, Luton,
Beds, LU1 2TG
Tesco Stores Ltd
202 Basingstoke
4 Brighton Hill Retail Park,
Winchester Rd, Basingstoke,
Hants, TG22 4AN
Coal Pension Properties Ltd
c/o LaSalle Investment
Management
204 Wakefield Ings Road
Unit 8 Ings Road, Wakefield, WF2
9SD
Westgate Retail Park
Wakefield Ltd
205 Bedford Interchange Pk
Unit L Interchange Park, Race
Meadows Way, Kempston, Beds,
MK42 7AZ
Kleinwort Benson (Channel
Islands) Corporate Services
Ltd & (Jersey) Trustees Ltd
207 Lincoln 5 Station Street, Lincoln, LN5 7EY
The Standard Life
Investment Fund Ltd
213 West Thurrock L.Side
Unit B4 Lakeside Retail Park, West
Thurrock, Essex, RM20 2ZN
Ravenside Investments
Limited
219 Newbury
Unit 6 Newbury Retail Park,
Pinchington Lane, Newbury Berks,
RG14 7HU
F & C Commercial Property
Trust Limited c/o F & C
Property Asset Management
Plc
220 Liverpool Hunts Cross
Units D, E & F Hunts Cross Park,
Speke Hall Rd, Speke, Liverpool,
L24 9GB
Henderson UK Property
Fund c/o Henderson Global
Investors
222 Leeds Albion Arcade
Leeds Shopping Plaza, Grosvenor
Mall, Albion Street, Leeds LS1 8EP
Trinity Quarter Development
Ltd
223 Doncaster Wheatley
Unit 9 The Wheatley Centre,
Wheatley Hall Road, Doncaster,
DN2 4LP
BLD Properties Ltd
224
Bournemouth Ave
Centre
1st Floor, The Avenue Centre,
Commercial Road, Bournemouth,
BH2 5RP
Clerical Medical Managed
Funds Limited
226 Coventry Hertford St
21/25 Hertford Street, Coventry,
CV1 1LF
Morley Pooled Pensions
Limited
83
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
228 Wrexham Regent St
Unit 3, 9/11 Regent Street,
Wrexham, Clwyd, LL11 1SG
UBS Tirion Property Fund
231 Llantrisant
Unit 5, Glamorgan Vale Retail
Park, Pont-y-Clun, Llantrisant,
CF72 8RP
Glamorgan Vale RP GP Ltd
234 Leicester Haymarket
Unit 4 Haymarket Towers,
Humberstone Gate, Leicester, LE1
1WA
Clerical Medical Investment
Group Ltd
236 Livingston Almondvale
Unit 3, Almondvale Centre,
Livingston, EH54 6NB
Ravenseft Properties
Limited
239 Bolton Middlebrook
Unit 1 Middlebrook Sports Village,
Mansell Way, Horwich, Bolton BL6
6JA
Orbit Investments (Northern)
Ltd
240 Glasgow Argyle St
56/58 Argyle Street, Glasgow G2
8AF
Primark Stores Ltd
241 Irvine
1 & 5 Rivergate, Irvine, Ayrshire
KA12 8EH
ING Retail Property Fund
(Title No 2 Company)
Limited
242 Cardiff Queens West
Unit 10-11, Queens West, Queen
Street, Cardiff, CF10 2AQ
C.I.S Co-operative
Insurance
245 Blackpool
Unit B, 61-71 Church Street,
Blackpool, FY1 1HU
Dawnay Day Properties Ltd
(In Administration)
246 Plymouth
Unit A Derrys Cross, New George
Street, Plymouth, PL1 1RU
Derry Property Ltd
247 Grantham
Unit 39 The Isaac Newton Centre,
Grantham, NG31 6EE
Wm Morrison Supermarkets
PLC
250 Southend
136 High Street, Southend-on-Sea
SS1 0ET
Superdrug Stores
251 Darlington East Street, Darlington DL1 1PN Zurich Assurance Plc
254 West Bromwich
Unit A Great Bridge Retail Park,
Great Bridge St, West Bromwich
B70 1OD
St James's Place Uk
255 Telford Southwater
43/45 Southwater, Telford
Shopping Centre, Telford TF3 4DE
Telford Trustee No.1 Ltd and
Telford Trustee No. 2
256 Scunthorpe
Unit 29/31 Southgate Mall,
Scunthorpe, DN15 6SU
Zurich Assurance Plc
257 South Shields
Unit 6 King Street, South Shields,
NE33 1HT
Retail Plus General Partner
Ltd
258 Kilmarnock Burns Mall 20 Burns Mall, Kilmarnock KA1 9JZ Zurich Assurance Plc
259 Bangor Deiniol Wales
Unit 15 The Deiniol Centre,
Bangor, North Wales LL57 1NW
Atmore Properties PLC
84
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
260
Wolverhampton Peel
Centre
Unit 1 The Peel Centre, Stafford
Street, Wolverhampton WV1 1NA
Peel Investments (UK) Ltd
261 Coventry Gallagher
Unit L Gallagher Retail Park,
Stoney Stanton Road, Coventry
CV6 5QE
Countrywide Waterside
Developments Limited
266 Corby
Unit 5 Phoenix Retail Park, Courier
Road, Corby NN17 5DT
Peel Investments (UK) Ltd
269 Torquay
Unit 8a Union Square Shopping
Centre, Torquay TQ1 3UT
Walbrook Trustees (IOM)
Ltd and Island Nominees
270 Crewe
Unit C, The Market Centre, Crewe
CW1 2NG
Sachville TCI Properties GP
LTD
271 Glenrothes
23b Unicorn Way, The Kingdom
Centre, Glenrothes KY7 5NU
C.I.S Co-operative
Insurance c/o Axa Real
Estate Investment Managers
(UK) Ltd
272 Shrewsbury
LRU2A Darwin Shopping Centre,
Raven Meadows, Shrewsbury SY1
1PL
Charles Darwin Trustee No1
Ltd & Charles Darwin
Trustee No2 Ltd
273
Manchester Trafford
Centre
19 Peel Avenue, The Trafford
Centre, Manchester M17 8BF
The Trafford Centre Limited
274 Edinburgh Pentland
Unit A Pentland Retail Park,
Straiton, Edinburgh EH20 9QH
Peel Investments (UK) Ltd
276 Wishaw
331 Glasgow Road, Wishaw ML2
7UR
Strathclyde Pension Fund
c/o Goodman investors
Property Investors UK
277 Renfrew S/S
Unit 18 Blythswood Estate, West
Lodge Road, Renfrew PA4 9EN
Propinvest Renfrew LP
278 Burnley
104 St James Street, Burnley BB11
1NL
K/S Burnley
279
Peterborough
Causeway
29 Long Causeway, Peterborough
PE1 1YJ
Tyburn Fabio
280
Northampton Gambrel
Rd
35 Gambrel Road, Sixfields Retail
Park, Northampton NN5 5DG
Universities Superannuation
Scheme Limited
281 Staines
Unit S2 Two Rivers Shopping Park,
Staines TW18 4WB
Two Rivers Ltd
282 Sheffield Crystal Peaks
45 Crystal Peaks 2, Crystal Peaks
Shopping Centre, Sheffield S20
7JG
BT Pension Scheme
Trustees Ltd
284 Londonderry Strand Rd
175 Strand Road, Londonderry
BT48 7PX
R.J.S Properties
286 Southport Meols Cop
Unit 2c Meols Cop Retail Park,
Meols Cop Road, Southport, PR9
7RG
UBS Tirion Property Fund
85
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
289 Keighley
4 Keighley Retail Park, Hard Ings
Road, Keighley, West Yorks. BD21
3NJ
Liverpool Victoria Friendly
Society Ltd
291 Leamington Spa
11a Upper Mall, Royal Priors
Shopping Centre, Leamington Spa
CV32 4YA
Coal Pension Properties Ltd
293 Liverpool Williamson Sq
Unit 5 Williamson Square,
Liverpool L1 1EJ
Ravenseft Properties
Limited
295 Dewsbury
Unit 3, Railway Street, Dewsbury,
West Yorkshire WF13 3EJ
Zurich Assurance Plc
298 Liverpool Edge Lane
Unit 3, Edge Lane Retail Park,
Liverpool L13 1EW
Derwent Holdings Limited
302 Taunton
Unit 13/14 The Old Market Centre,
Taunton, Somerset TA1 3TP
EPF Market Centre Taunton
306 Dover
65/66 Biggin Street, Dover, Kent
CT16 1DD
K/S Biggin Street Dover
307 Grimsby Victoria Rp
Unit C, Victoria Retail Park,
Grimsby DN31 1NX
Belgrave Land Limited
308
Middlesbrough Captain
Cook
2 Captain Cook Square,
Middlesbrough, Teeside TS1 5UB
Norwich Union Life &
Pension Ltd, c/o Jones Lang
LaSalle
311 Birkenhead The Rock
Unit 6 The Rock Retail Park,
Birkenhead CH41 9AY
BBC Pension Trust Limited
313 Colchester Retail Park
Unit A, Colchester Retail Park,
Colchester CO3 3LF
Standard Life Investment
Funds Limited
314 Belfast Drumkeen
Unit 1, Drumkeen Retail Park, Forst
Side Belfast BT8 6RB
Drumkeen Holdings Limited
318 Runcorn
Unit D Trident Park, Runcorn WA7
2FQ
Trident Park Ltd
320 Leeds Kirkstall
Unit 1, Kirkstall Valley Retail Park,
Leeds LS5
Wm Morrison Supermarkets
PLC
321
Ellesmere Port
Cheshire Oaks
18 Coliseum Way, Cheshire Oaks
Outlet Village Ellesmere Port CH65
9HD
Equitable Life Assurance
322 Rochdale Kingsway
Unit 6 Kingsway Retail Park,
Kingsway, Rochdale OL16
Scottish Widows Unit Funds
Limited
323
Huddersfield Great
Northern
Unit 7 Great Northern Retail Park,
Leeds Road, Huddersfield HD1
6ND C381
SWIPPT c/o Scottish
Widows Investment
Partnership
324 Craigavon
Unit 7, Rushmere Shopping
Centre, Lurgan, Craigavon, Co
Armagh N.I. BT64
Central Craigavon Ltd
86
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
325 Exeter Exebride
4 The Exebridge Centre,
Alphington Street, Exeter
Standard Life Investment
Funds Ltd
326 Yeovil Peel Centre
Unit 2 Peel Centre, Babylon Hill,
Yeovil BA21 5BT
Peel Investments (North)
Limited
331 Leigh Bradshawgate
Unit C, 70 Bradshawgate, Leigh,
Lancs WN7 4NP
T J Morris Properties Ltd
336 Birkenhead Grange Rd
172/184 Grange Road, Birkenhead
CH41 6EA
Zurich Assurance Plc
337 Gravesend
First Floor, 72-73 New Road,
Gravesend DA11 0AF
Tesco Stores Ltd
339 Antrim
Unit 3, 55 High Street, Antrim BT41
4AY C38
Karl Construction Ltd
343 Falkirk Central
Unit 11 Central Retail Park, Falkirk
FA2 7AJ
Granchester Developments
(Falkirk) Ltd
345 Bath
23 High Street, Bath, Avon BA1
5AJ C101
Gobafoss Partnership
346 Greenock
Unit 20 Oak Mall Square, Greenock
PA15 1JN
Oak Mall Greenock Ltd
347
Chelmsford High
Chelmer
9 High Chelmer, Chelmsford,
Essex CM1 1XL
Coal Pension Properties Ltd
348 Oldham Rotunda
The Rotunda, The Spindles
Shopping Centre, Oldham OL1
1HE
ING Retail Property Fund
(Title Company No 1) Ltd
and ING Retail Property
Fund (Title Company No 2)
Ltd
353 Liverpool - Prescot
Unit 4E, Cables Retail Park,
Prescot, Merseyside L34 5NQ
Brookhouse Group Limited
359 Milton Keynes Patriot Dr
Unit C, Central Retail Park, Patriot
Drive, Milton Keynes MK13 8PU
Henderson UK Retail
Warehouse Fund
362 Exeter High St
223-226 High Street, Exeter EX4
3LR
Tesco Stores Ltd
369 Derby St Peters St
11 St Peters Street, Derby DE1
2AG
Tesco Stores Ltd
372 York Clifton Moor
Unit 3 Clifton Moor Retail Park,
York YO3 6XW
Lloyds Bank SF Nominees
Limited
374 Lancaster North Rd
Unit 2, 63 North Road, Lancaster
LA1 1LU
J Pitt & B Moon LPA
Receivers
376 Norwich Riverside
Unit 1 Riverside, Norwich NR1
1WR
Henderson UK Retail
Warehouse Fun
381 Rugby Junction One Rp
Unit 4b Junction One Retail Park,
Leicester Road, Rugby CV21 1RW
PDPF GP LTD and REGA
LTD
87
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
385 Stirling
Unit 3c Ochilview Mall, Thistle
Shopping Centre, Stirling FK8 2ED
Kleinwort Benson (Channel
Islands) Corporate Services
Ltd & (Jersey) Trustees Ltd
386 Oxford
8 Magdalene Street, Oxford OX1
3AD
Oxford Co-Owners c/o
Percy Nominees Limited c/o
Percy Nominees
388
Portsmouth
Waterlooville
10 Wellington Retail Park, 2
Hambledon Road, Waterlooville
PO7 7FG
Islandview Properties Ltd
392
Peterborough
Brotherhood
Unit 4b Brotherhood Retail Park,
Lincoln Road, Peterborough PE4
6ZR opening 7/02
Goodman investors
Business Services Ltd
393 Swansea Fforestfach
Unit G2 Fforestfach Parc,
Pontarddulais Road, Fforestfach,
Swansea SA5 4BA open 8.02
Henderson Retail
Warehouse Fund
394 Ipswich Euro Rp
Unit 2, Euro Retail Park, Ransomes
Way, Ipswich IP3 9QG
Euro Retail Park Ipswich
Unit Trust
396 Ayr
Unit 3, 127-147 High Street, Ayr to
open 8.02
Ignis Uk Property Fund
397 Truro Threemilestone
Unit 3 Threemilestone Retail Park,
Threemilestone, Truro opening
8.02
Petros (Truro) Limited
406 Aberdeen Union St Unit 3 Union St Aberdeen Tyne & Wear Pension Fund
412
Preston Deepdale
(Smaller)
Unit C, Deepdale Retail Park,
Blackpool Road, Preston, , PR1
6QY
The Trustees of the
Hercules Unit Trust
417
Blackburn King William
St
First Floor, 56 King Williams Street,
Blackburn, BB1 7HR
BHS Limited
421 Lisburn Bow St
(First floor of units 1-4). 1a Bow
Street Mall, Lisburn, Co Antrim N
Ireland BT28 1TW
Bow Street Mall Limited
422 Perth St Catherine's
Unit 4, St Catherines Retail Park,
Old Market Place, Perth, PH1 5XD
Acorn Jersey Property Fund
424
Kendal Queen
Katherines
Unit 7 Kendal Development Queen,
Katherine's Avenue, Kendal
Wm Morrison Supermarkets
PLC
428 Glasgow Argyle St
57-63 Argyle Street/1 Dunlop
Square, Glasgow G2 8AH
St Enoch Trustees
429 Ballymena Braidwater
Unit 3 Marlborough Retail Park,
Ballymena, Northern Ireland
JHT Ballymena Limited
430 Rotherham Retail World
Unit 2 Retail World, Stadium Way,
Parkgate, Rotherham S60 1TG
Rotherham Unit Trust
431 Accrington
Unit 4 Market Square, Accrington
BB5 1EY
BPL - Downham Properties
Ltd
88
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
435 Scarborough
Unit 2 Chapham's Yard, North
Street/Waterhouse Lane,
Scarborough, North Yorkshire
YO11 1DW
FP Life Assurance Ltd
(Commercial Fund)
436 Sheffield Market St
25 Market Street, Meadowhall
Centre, Sheffield S9 1EN
Meadowhall Nominee 1 Ltd
& Meadowhall Nominee 2
Ltd
437 Loughborough
Unit 2 The Rushes, Fennel Street,
Loughborough, Leicestershire
Highland Loughborough
Limited
438 Reading Broad St
Unit 6, 90-93 Broad Street,
Reading RG1 2AP
Standard Life Investment
Funds Limited - (Rent)
440 Stafford Guildhall Shopping Centre, Stafford Glanmore Stafford Ltd
441 Clydebank Carinthia
Unit 16a Carinthia Way, Clyde
Shopping Centre, Clydebank G81
2RR
C.I.S Co-operative
Insurance Society Ltd c/o
Axa Real Estate Investment
Managers (UK) Ltd
449 Stockport Peel Centre
Unit 5a, The Peel Centre, Great
Portwood Street, Stockport,
Cheshire, SK1 2HH
Peel Investments (UK) Ltd
453 Fareham
54 West Street, Fareham, PO16
0JN
Zurich Assurance Plc
454 Crawley
Unit 5, 26 The Martlets, Crawley ,
RH10 1ES
Redevco Properties Uk 1 Ltd
456 Worcester
Unit D, Lychgate Shopping Centre,
11 High Street, Worcester, WR1
2QE
Top High Street Shops Ltd
464 Ballymena Thomas St
Unit 3, 14-16 Thomas Street,
Ballymena, Co. Antrim , BT43 6AU
Redflyer (NI) Ltd
469 Broughton (Chester)
Unit 3b, Broughton Shopping Park,
Broughton Park, CH4 0GY
Broughton Unit Trust
480 Nuneaton
Ropewalk Shopping Centre,
Nuneaton
Broadway Capital Ltd
481 Maidstone
MSU2 Fremlin Walk, Maidstone,
ME14
Ravenseft Properties
Limited
483 Kings Lynn
LSU6, Vancoover Shopping
Centre, Kings Lynn
Vancouver Ltd Partnership
484 Workington
Unit S41, 3 Steelmens Walk,
Workington
Washington Square
Properties LLP
487
London Shepherds
Bush
8 The Broadway West, 12
Shopping Centre, London, W12
8PP
Tops Shop Centres Ltd
89
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
491 Hayes
Unit 2 Lombardy Retail Park, Cold
Harbour Lane, Hayes, Middlesex ,
UB3 3EX
Citicorp Trustee Co Ltd
494 Walsall
Unit 1a, Wharf Retail Park,
Wolverhampton Street, Walsall,
WS2 8LL
The Trustees of the
Hercules Unit Trust
497 Dumfries
Unit 4, Peel Retail Park, Lockerbie
Rd, Dumfries, DG1 3PF
Morley Pooled Pension
525 Portsmouth Cascade
Unit 12 Cascades Centre,
Portsmouth, PO1 4RP
Cascades Shop Ctr
531
London - Staples
Corner
Unit 3c Staples Corner Retail Park,
Geron Way, London, NW2 6LW
New Star Property Unit
532 Cumbernauld
Plot 17 Antoine Shopping Centre,
Tryst Road, Cumbernauld,
Glasgow, G67 1JW
LR (CUMBERNAULD) LTD
538 Falkirk (Rangers)
93-97 High Street, Howgate
Shopping Centre, Falkirk , FK1
1ED
The Mall Corporation
539 Birkenhead (Everton)
Unit 30 The Pyramid Centre,
Birkenhead , CH41 2ZL
Agora Max Birkenhead Unit
Trust
828 Enfield Crown Rd
Unit 10-12 Crown Road, Enfield
Retail Park, Enfield, Middlesex EN1
3RN
Henderson UK Retail
Warehouse Fund
833 Bristol St Philip's
Unit 4, St Philip's Causeway,
Avonmeads Retail Park, Bristol
BS2 0SP
British Airways Pension
Trustees Ltd
854 Banbury
1 Castle Centre, Banbury, Oxon
OX16 8UH
Scottish Widows Plc &
Scottish Widows Unit Fund
Limited ( c/o Jones Lang
LaSalle)
971 Hanley Octagon
Unit G, The Octagon, Etruria Road,
Hanley, Stoke on Trent ST15RR
UKI Shopping Centres
Limited
973 Bristol Abbey Wood
Unit 2, Abbey Retail Park, Station
Road, Filton, Bristol BS34 7JI
BT Pension Scheme
Trustees Ltd
1011 Wigan (Town Centre)
Unit LSU05 The Grand Arcade,
Wigan, WN1 1BH
Modus Property (Wigan) Ltd
- Co. No. 4191641
1012 Birmingham
Unit 1, 16/28 Corporation Street,
Birmingham, BT2 4RR
Redevco UK 1 BV
1014 Bristol - Brislington
Unit 4A, Brislington Retail Park,
Brislington, Bristol, BS4 5NG
Regent Properties Partners
(Retail Parks) Ltd
1017
Glasgow Silverburn -
Retail
Unit B6 Silverburn, Barrhead Rd,
Glasgow,G53 6QR
Retail Property Holdings Ltd
90
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
1034 Letchworth
Unit 1, Plinston Retail Park, Jubilee
Road, Letchworth, Hertfordshire,
SG6 1UP
Stanhope Pension Trust Ltd
1035 Dunfirmline
Unit LG02, Kinsgate Shopping
Centre, Dunfermline, KY12 7QA
Crosslands Properties Ltd
1046 Newtownards
Unit 6 Ards Shopping Centre,
Circular Road, Newtownards, Co.
Down, N. Ireland, BT23 4EU
Belfast Office Properties Ltd
1047 Kirkcaldy
Mercat Shopping Centre, Kirkaldy,
KY1 1NJ
Mercat Kirkcaldy Ltd
1050 Sheffield The Moor 9/11 The Moor, Sheffield, S1 4PG
RREEF UK Retail Property
Fund
1051 Bristol Cabot Circus
Unit 49a The Circus, Cabot Circus,
Bristol, BS1 3BD
Bristol Alliance
1054 HULL
F1/F5, Princes Quay Shopping
Centre, Hull, HU1 2PQ
Princess Quay Shopping
Centre Trust
5013 Chatham
Unit 42 and First Floor MSU The
Pentagon Centre, Chatham, Kent
Pentagon Co-Ownership A-
S.A.R.L
5015 Liverpool Clayton
MSU 3 Clayton Square Shopping
Centre, Liverpool
Land Securities Properties
Ltd
5005 Washington
Unit 2, Phase II The Peel Centre,
Spire Road, Washington
Peel Investments (UK) Ltd
533
Liverpool - Everton
Megastore
183-189 Walton Lane, Liverpool ,
L4 4HH
The Everton Football Club
Company Ltd
534
Glasgow - Rangers
Ibrox Megastore
Ibrox Stadium, Glasgow , G51 2XD
The Rangers Football Club
plc
91
PART B
BLANE STORES
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
287 Llandudno
Unit B2, Mostyn Champneys Retail
Park, Llandudno LL30 1RY
The Trustees of the
Hercules Unit Trust
296 Bournemouth Turbury
Unit 2 Turbury Retail Park,
Ringwood Road, Bournemouth
BH11 8LL
Stadium (Bournemouth) Ltd.
310 Colchester St Nicholas
St Nicholas House, High Street,
Colchester, CO1 1DN
K/S Colchester
755 Welwyn Garden City
Unit 16, Howard Centre, Welwyn
Garden City, Herts AL8 6ES
LS Howard Centre Welwyn
Limited
773 Edinburgh Princess St.
88 Princes Street, Edinburgh EH2
2ER
Total Pension Fund Trustee
UK Ltd
776 Camberley
Unit 5, Obelisk Way, Camberley,
Surrey GU15 3SG
The Main Square Camberley
Unit Trust, c/o The Mall
Corporation Ltd
781 Guildford
35-39 North Street, Guildford GU1
4TE
SWIPPT c/o Scottish
Widows Investment
Partnership
788 Barnstaple
14 Green Lane Centre, Barnstaple,
Devon EX31 1UH
CTL & FTL as Trust for
Green Lane Unit Trust
792 Leicester Fosse Park
Unit 11, Fosse Park Centre, Fosse
Park Avenue, Leicester LE3 2HX
FP North Ltd
793 Gateshead Metro
Unit 5, Metro Centre Retail Park,
Gateshead NE11 9WU
The Metro Centre
Partnership
805 Cwmbran
7 The Mall, Cwmbran, Gwent NP44
1PX
Prudential Assurance
Company Limited
819 Slough
734 Bath Road Retail Park, Slough
SL1 7QB
The Crown Estate
825 Gillingham
Unit 4, Hempstead Valley Centre,
Gillingham, Kent ME7 3PT
Hempstead Valley Shopping
Centre Trust
830 Solihull
Unit 4, Sears Retail Park,
Oakenshaw Road, Shirley, Solihull
B90 4QY
F & C Commercial Property
Trust Limited c/o F & C
Property Asset Management
Plc
832 Lisburn Sprucefield
Unit C, Sprucefield Retail Park,
Lisburn, Co. Antrim, N. Ireland
BT27 5UJ
Whelan PC Ltd
834 Northampton Riverside
11-15 Fairground Way, Riverside
Retail Park, Northampton NN3 9HU
Ropemaker Properties Ltd
92
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
835 Swindon Greenbridge
Unit 11, Greenbridge Retail Park,
Drakeway, Swindon SN3 3SA
Prudential Assurance
Company Limited
836 Aberdeen Berryden
Unit 3, Berryden Retail Park,
Berryden Road, Aberdeen AB25
3SA
Clerical Medical Investment
Group Ltd
837 Edinburgh Hermiston
Unit 8, Hermiston Gait Retail Park,
27 Cutlins Road, Edinburgh EH11
4DF
Clerical Medical Investment
Group Ltd
864 Stockton
Unit 7b, Teesside Retail Park,
Stockton TS17 7BW
Stockton Retail Park Ltd c/o
British Land Co plc
869 East Kilbride
Unit 1, Kingsgate Retail Park, East
Kilbride G74 4UN
CGNU Life Assurance
Limited
872 Hamilton Retail Park
Unit 2, Hamilton Retail Park,
Hamilton ML3 0DS
Brookhouse Group Limited
873 Dudley Merry Hill
Unit 5, Merry Hill Centre, Pedmore
Road, Dudley DY5 1SY
MH (No.1) Limited
Partnership
875 Portadown
Units 7 & 8, Meadow Centre,
Portadown BT62 3TN
Tesco Stores Ltd
888 Aylesbury
Unit 3, Vale Retail Park, Vale Park
Drive, Aylesbury HP20 1DH
GM Investment Trustees Ltd
and GM (UK) Pension
Trustees Limited
896 Newry Merchants Quay
35-36 Merchants Quay, Off
Creamery Road, Newry BT35 8HF
Goss Caravans
897
Edinburgh Cameron
Toll
Unit 1, Cameron Toll, Edinburgh
EH16 5PD
Cameron Toll Sarl
900 Parkhead Forge (S.D.)
Unit 10, 41 Biggar Street, Parkhead
Forge, Parkhead, Glasgow G31
4BH
The Forge Retail Park Unit
Trust
905 Wigan Robin Park
Unit 7, Robin Park Retail Park,
Robin Park Road, Wigan WN5 0UY
Scottish Amicable Life
Assurance Society
906 Edinburgh Kinnaird
Unit R7, Kinnaird Retail Park,
Edinburgh EH15 3RD
Gibraltar General Parnter
Ltd
907 Edinburgh Craigleith
Unit 2, Craigleith Retail Park, South
Groat Hill Avenue, Edinburgh EH4
2LN
Henderson UK Retail
Warehouse Fund
908 Glasgow Great Western
Unit 8, Great Western Retail Park,
Allardice Road, Glasgow G15 6RX
Great Western Unit Trust
914 Hastings
Unit 30 Kings Walk, Priory
Meadow, Hastings TN34 1PH
Priory Meadow (Hastings)
Ltd
915 Belfast Connswater
Unit 4, Connswater Retail Park,
Connswater, Belfast BT5 5AA
Killultagh Estates Limited
93
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
917 Kirkcaldy Fife Central
Unit 8, Fife Central Retail Park,
Chapel Level, Kirkcaldy KY2 6QN
Hammerson Property
Limited, c/o Workman LLP
918 Doncaster Centurion
Unit 2, Centurion Retail Park, York
Road, Doncaster DN5 9TP
Ambassador Holdings Ltd
920 Stevenage
Unit 8, The Forum, Stevenage SG1
1EH
Unilever Pension Fund
Trustees Ltd
924 Oldbury
2 Oldbury Green Park, Round
Greens Road, Oldbury, West
Midlands B69 1DD
BNPSSCB & BNPSSTC
Trustees For Blackrock UK
Prop Fund
926 Airdrie Retail Park
Unit 2, Airdrie Retail Park, Gartlea
Road, Airdrie ML6 9JB
Morley Pooled Pensions
928 Newport Retail Park
Unit 11, Newport Retail Park,
Newport, Gwent NP9 0QQ
Stadium (Newport) Ltd
931 Wrexham Plas Coch Rd
Unit C, Plas Choch Road,
Wrexham LL11 2BW
Diageo Pension Trust Ltd
933 Livingston Retail Park
Unit 5, Livingston Retail Park,
Livingston, EH54 6QP
Ravenside Investments
Limited
934 Kilmarnock Glencairn
Unit 4, Glencairn Retail Park,
Kilmarnock KA1 4AY
West Coast Capital
(Glencairn Park) Limited
936 Tamworth Ventura
Unit B, Ventura Retail Park,
Tamworth, Staffs B78 3HB
Trustees of the Estate of J.B
Aucott
941 Leeds Colton
Unit 3, Colton Retail Park, Leeds
LS15 9JB
Royal London Long Term
Fund
943 Caerphilly
Unit 18, Castle Court Shopping
Centre, Caerphilly, South Wales
CF8 1NU
Scottish Widows Unit Funds
Limited
945 Eastbourne Crumbles
Unit 4b, The Crumbles Retail Park,
Eastbourne BN23 6SH
Prudential Assurance
Company Limited
947 Haverford West
22 Bridge Street, Haverford West,
SA61 2AD
Common & Garden
Properties Ltd
950 Rhyl
32/34 High Street, Rhyl, North
Wales LL18 1ET
Robin Greenway & Co
952 Chesterfield
Unit 4, Ravenside Retail Park, Park
Road, Chesterfield S40 1TB
Ravenside Investments
Limited
953 Coventry Central Six
Unit 12, Central Six Retail Park,
Warwick Road, Coventry CV3 6TA
Standard Life Assurance
Company
957 Hartlepool Anchor
Unit 2, Anchor Retail Park, Marina
Way, Hartlepool TS24 0XR
Canada Life Assurance
Company
959 Nottingham Riverside
Unit D, Riverside Retail Park,
Nottingham NG2 1RV
BNPSSCB & BNPSSTC
Trustees For Blackrock UK
Prop Fund
94
STORE LOCATION STORE ADDRESS DIRECT LANDLORD
964 Sheffield Drakehouse
Unit 10, Drakehouse Retail Park,
Drakehouse Way, Sheffield S20
7JJ
Hammerson UK Properties
Plc
965 Coleraine Riverside
Unit 8, Riverside Regional Centre,
Dunhill Road, Coleraine BT51 3NA
Kelvin Properties Limited
966 Durham Arnison
Unit D, Arnison Retail Park, Abbey
Row, Pity-Me, Durham DH1 5GD
Electricity Supply Nominees
Limited
969 Brighton Goldstone
1 The Goldstone Retail Park, Old
Shoreham Rd, Hove, E. Sussex
BN1 5DD
SWIP Property Fund
977 Carmarthen
Unit 18 Greyfriars Shopping
Centre, Carmarthen SA31 1AA
Zurich Assurance Plc
5016 Rhyl 28/34 High Street, Rhyl
Trustees of Slenderbrook
Retirement Fund
540 Belfast (Rangers)
Unit 1, Castle Lane, Belfast BT1
4DA
Castlestone Ltd
787 Bracknell
40 Princess Square, Bracknell,
Berkshire RG12 1LS
Bracknell General Partner
Limited
95
ANNEX 6: OUTCOME STATEMENTS
PART A
JJB
Net Book Value CV
A
A
dministration Liquidation
£000 £000 £000 £000
Assets subject to fixed charge
552,934 - 207,855 206,475
Less: costs of realisation - (4,769) (4,603)
Available to fixed charge holder - 203,086 201,872
Assets subject to floating charge
116,497 7,356 18,466 10,088
Less: costs of realisation - (2,770) (1,513)
Less: preferential creditors - (432) (432)
Net available for prescribed part 7,356 15,264 8,143
Less: estimated prescribed part - (600) (600)
Available to floating charge holder 7,356 14,664 7,543
Available under fixed and floating charge 7,356 217,750 209,415
Amounts owed to chargeholders (214,516) - (214,516) (214,516)
Surplus/(Deficit) to chargeholders
7,356 3,234 (5,102)
Available to unsecured creditors - 3,834 600
Available to closed store landlords 7,356 - -
Amounts owed to unsecured creditors (474,337) - (373,491) (474,337)
Amounts owed to closed store landlords in CVA (55,528) - -
Dividend for closed store landlords (p in £)
13.2 1.0 0.1
Dividend for other unsecured creditors (p in £)
100.0 1.0 0.1
Dividend for members (p in £)
100 - -
Note: Fixed charge assets and liabilities include the loan note deposit of £168,117,000.
96
PART B
BLANE
Assets subject to fixed charge
5,852 - 90 90
Less: costs of realisation - (11) (11)
Available to fixed charge holder - 79 79
Assets subject to floating charge
171,024 2,644 7,457 3,238
Less: costs of realisation 0 (1,118) (486)
Less: preferential creditors 0 (87) (87)
Net available for prescribed part 2,644 6,252 2,665
Less: estimated prescribed part - (600) (536)
Available to floating charge holder 2,644 5,652 2,129
Available under fixed and floating charge 2,644 5,731 2,208
Amounts owed to chargeholders - - - (5,102)
Surplus/(Deficit) to chargeholders
2,644 5,731 (2,894)
Available to unsecured creditors
-
6,331 536
Available to closed store landlords 2,644 - -
Amounts owed to unsecured creditors (88,906)
-
(57,184) (88,906)
Amounts owed to closed store landlords in CVA (19,956) - -
Dividend for closed store landlords (p in £)
13.2 11.1 0.6
Dividend for other unsecured creditors (p in £)
100.0 11.1 0.6
Dividend for members (p in £)
100.0 - -
Note: £148,772,000 of the floating charge assets at Net Book Value relate to amounts due from JJB.
97
ANNEX 7: CLOSED PREMISES LANDLORD ASSUMPTIONS
Following advice from King Sturge LLP, the Directors propose that Landlord claims should be made
up of six elements:
1. Rent and service charge arrears (these should be nil as rent has been paid in advance on
the due dates); plus
2. Rent and service charge amounts to the earliest possible Closed Premises Lease expiry
date. Note: English landlords will receive more rent than Scottish and Northern Irish
landlords due to a later New Quarter Day. Claims in respect of Total Closed Premises Rent
and the Mitigation Amount will be amended to include the later Next Quarter Day; plus
3. Dilapidations costs to be incurred in respect of the Closed Premises on the following basis:
- premises less than 5,000 square feet dilapidations calculated at £20 per square foot
- premises between 5,000 and 10,000 square feet dilapidations calculated at £15 per
square foot
- premises greater than 10,000 square feet dilapidations calculated at £10 per square
foot; less
4. A mitigation amount representing the potential for Closed Premises Landlords to re-let the
Closed Premises. The mitigation amount will be calculated on the basis that it will take two
years to re-let the Closed Premises, followed by an incentive being offered by the Closed
Premises Landlord equal to a two year rent free period. It will be assumed that 75% of
current rent is achieved following the rent free incentive and two year period vacant period;
less
5. A mitigation amount equal to any rent and service charge receivable from any Sub-Tenant
for the period of the sub tenancy; less
6. A mitigation amount being the aggregate results of elements 1 to 5 discounted to net
present value at a rate of 5% (five per cent) to take into account the benefit of receiving
monies now rather than waiting for payments to be received in the future.
98
ANNEX 8: CVA SUPERVISORS AND ADDRESS FOR NOTICES
PART A
JJB CVA SUPERVISORS
CVA Supervisor
Address for Notices
Richard Dixon Fleming
Brian Green
KPMG LLP
St James' Square
Manchester
M2 6DS
PART B
BLANE CVA SUPERVISORS
CVA Supervisor
Address for Notices
Richard Dixon Fleming
Brian Green
KPMG LLP
St James' Square
Manchester
M2 6DS
Blair Carnegie Nimmo
KPMG LLP
191 West George Street
Glasgow
G2 2LG
PART C
ADDRESS FOR NOTICES
Company
Address for Notices
JJB Challenge Way
Martland Park
Wigan
Lancashire
WN5 0LD
Blane 56/58 Argyle Street
Glasgow
Lanarkshire
G2 8AF
99
ANNEX 9: LIST OF GUARANTEES
PART A
JJB GUARANTEES
OSC Parent Guarantees
Location Landlord
Lease end
date
Statutory entity holding
lease
NORTHAMPTON OSC F3 Ltd 28/09/2011
Original Shoe Company
Limited
TORQUAY OSC
Davies Holdings
Ltd
24/08/2011
Original Shoe Company
Limited
WAKEFIELD OSC Storey group Ltd 24/03/2011
Original Shoe Company
Limited
GATESHEAD GALLERIA
OSC
Coal Street
Consortium
24/03/2011
Original Shoe Company
Limited
SCUNTHORPE OSC
Coal Street
Consortium
28/09/2018
Original Shoe Company
Limited
Dundalk Retail
Finnabair Estates
Ltd
07/03/2030
Sports Division (Eireann)
Limited
Secured Creditors Guarantees
Parties Description Beneficiary Date
JJB, Blane, Qube, OSC. Sports Division Limited,
JJB Card Services Limited, SSL Retail Limited
Note: Connected Creditors
Guarantee &
Debenture
Kaupthing 26/09/2008
JJB, Blane, Qube, OSC. Sports Division Limited,
JJB Card Services Limited, SSL Retail Limited
Note: Connected Creditors
Guarantee &
Debenture
BoS 26/09/2008
JJB, Blane, Qube, OSC. Sports Division Limited,
JJB Card Services Limited, SSL Retail Limited
Note: Connected Creditors
Guarantee &
Debenture
Barclays 26/09/2008
100
PART B
BLANE GUARANTEES
Lease Guarantees
None
Secured Creditors Guarantees
Parties Description Beneficiary Date
JJB, Blane, Qube, OSC. Sports Division Limited,
JJB Card Services Limited, SSL Retail Limited
Note: Connected Parties
Guarantee &
Debenture
Kaupthing 26/09/2008
JJB, Blane, Qube, OSC. Sports Division Limited,
JJB Card Services Limited, SSL Retail Limited
Note: Connected Parties
Guarantee &
Debenture
BoS 26/09/2008
JJB, Blane, Qube, OSC. Sports Division Limited,
JJB Card Services Limited, SSL Retail Limited
Note: Connected Parties
Guarantee &
Debenture
Barclays 26/09/2008
Miscellaneous Guarantees
Parties Description Beneficiary Date
JJB, Arqiva Limited, Golf TV Limited
Contract
Arqiva
Limited
10/10/2006
101
ANNEX 10: AVERAGE KPMG CHARGE OUT RATES
The time charged to the CVAs is by reference to the time properly given by the CVA Supervisors
and their staff in attending to matters arising.
It is the CVA Supervisors’ policy to delegate tasks in the CVAs to appropriate members of staff
considering their levels of experience and any requisite specialism, supervised accordingly, so as to
maximise the cost effectiveness of the work performed. Matters of particular complexity or
significance requiring more exceptional responsibility are dealt with by senior staff or the CVA
Supervisors themselves. Work carried out by all staff is subject to the overall supervision of the CVA
Supervisors.
In addition to the CVA Supervisors’ restructuring staff, the CVA Supervisors may, on occasion,
utilise the services of specialist departments within the CVA Supervisors’ firm, such as tax. Those
departments will charge hours when the CVA Supervisors require their advice.
All time spent by staff working directly on case-related matters is charged to a time code
established for the case. Each member of staff has a specific hourly rate, which is subject to
change over time. The average hourly rate for each category of staff over the period is shown below.
Level Hourly rate
Partner 640
Director 560
Senior Manager 460
Manager 360
Assistant Manager 260
Assistant 200
Support 105
The scale rates used by the CVA Supervisors may periodically rise over the period of the CVAs.
102
ANNEX 11: LIST OF SECURITY
PART A
SECURITY GRANTED BY THE COMPANIES IN FAVOUR OF THE LENDERS
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
1 JJB 26
September
2008
Guarantee
and
Debenture
Bank of
Scotland PLC
All monies due or
to become due
from the
Chargors to the
Chargee on any
account
whatsoever
Fixed and floating
charge over the
undertaking and
all property and
assets present
and future,
including
goodwill, book
debts, uncalled
capital, buildings,
fixtures, fixed
plant and
machinery
2 JJB 26
September
2008
Guarantee
and
Debenture
Barclays Bank
PLC
All monies due or
to become due
from the
Company to the
Chargee on any
account
whatsoever
Fixed and floating
charge over the
undertaking and
all property and
assets present
and future,
including
goodwill, book
debts, uncalled
capital, buildings,
fixtures, fixed
plant and
machinery
103
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
3 JJB 6 October
2008
Guarantee
and
Debenture
Kaupthing
Singer &
Friedlander
Limited
All monies due or
to become due
from the
Company to the
Chargee on any
account
whatsoever
Fixed and floating
charge over the
undertaking and
all property and
assets present
and future,
including
goodwill, book
debts, uncalled
capital, buildings,
fixtures, fixed
plant and
machinery
4 JJB 17
December
2008
Account
Charge
Barclays Bank
PLC as agent
and trustee for
itself and Bank
of Scotland
PLC and
Kaupthing
Singer &
Friedlander
Limited
All monies due or
to become due
from the
Company to the
Secured Parties
on any account
whatsoever
All of the
Chargor's rights,
title and interest
from time to time
in and to each
Charged Asset
(as defined in the
Security
Document)
5 Blane 26
September
2008
Guarantee
and
Debenture
Bank of
Scotland PLC
All sums due or
to become due
Guarantee and
Debenture
including legal
mortgage and
fixed charge over
all land, fixed
charges and
floating charge
over all assets
not effectively
charged by the
Guarantee and
Debenture
104
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
6 Blane 26
September
2008
Guarantee
and
Debenture
Barclays Bank
PLC
All sums due or
to become due
Fixed and floating
charge over the
undertaking and
all property and
assets present
and future,
including
goodwill, book
debts, uncalled
capital, buildings,
fixtures, fixed
plant and
machinery
7 Blane 6 October
2008
Bond and
floating
charge
Bank of
Scotland PLC
All sums due or
to become due
Undertaking and
all property and
assets present
and future,
including
uncalled capital
8 Blane 6 October
2008
Bond and
floating
charge
Barclays Bank
PLC
All sums due or
to become due
Undertaking and
all property and
assets present
and future,
including
uncalled capital
9 Blane 6 October
2008
Bond and
floating
charge
Kaupthing
Singer &
Friedlander
Limited
All sums due or
to become due
Undertaking and
all property and
assets present
and future,
including
uncalled capital
10 Blane 17
December
2008
Account
Charge
Barclays Bank
PLC
All sums due or
to become due
The Chargor's
right, title and
interest in and to
the Charged
Asset (the
Deposit and
Account) (as
defined)
105
PART B
OTHER SECURITY GRANTED BY THE COMPANIES
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
1 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter and
James Cairns
McMahon as
partners in the
firm of
Westcoast
Capital
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
2 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter and
James Cairns
McMahon as
partners in the
firm of
Westcoast
Capital
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
3 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter and
James Cairns
McMahon as
partners in the
firm of
Westcoast
Capital
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
106
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
4 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter and
Robert
McDougall
Glennie as
trustees of the
TB Hunter trust
for children
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
5 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter, Marion
Agnes Hunter
and Robert
McDougall
Glennie as
trustees of the
TB Hunter's
[sic] charitable
trust
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
6 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
7 JJB 26 February
2001
Mortgage of
Bank
Account
Thomas Blane
Hunter
All moneys,
obligations and
liabilities due or
to become due
from the
Company to the
Chargee under
the Loan Note
Instrument in
respect of the
Mortgage Notes
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document)
107
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
8 JJB 13 June
2005
Mortgage of
Bank
Account as
amended by
Supplement
al Deed
Thomas Blane
Hunter
All monies due or
to become due
from the
Company to the
Chargee under
the terms of the
aforementioned
instrument
creating or
evidencing the
charge
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document), the
account
numbered
611046 and
agreement dated
26 February 2001
9 JJB 13 June
2005
Mortgage of
Bank
Account as
amended by
Supplement
al Deed
Thomas Blane
Hunter
All monies due or
to become due
from the
Company to the
Chargee under
the terms of the
aforementioned
instrument
creating or
evidencing the
charge
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document), the
account
numbered
611038 and
agreement dated
26 February 2001
10 JJB 13 June
2005
Mortgage of
Bank
Account as
amended by
Supplement
al Deed
Thomas Blane
Hunter and
James Cairns
McMahon as
partners in the
firm of
Westcoast
Capital
All monies due or
to become due
from the
Company to the
Chargee under
the terms of the
aforementioned
instrument
creating or
evidencing the
charge
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document), the
account
numbered
611020 and
agreement dated
26 February 2001
108
NO GROUP
COMPANY
DATE
CREATED
SECURITY
DOCUMENT
PERSON(S)
ENTITLED
SECURED
LIABILITIES
CHARGES
11 JJB 13 June
2005
Mortgage of
Bank
Account as
amended by
Supplement
al Deed
Thomas Blane
Hunter and
James Cairns
McMahon as
partners in the
firm of
Westcoast
Capital
All monies due or
to become due
from the
Company to the
Chargee under
the terms of the
aforementioned
instrument
creating or
evidencing the
charge
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document), the
account
numbered
611053 and
agreement dated
26 February 2001
12 JJB 13 June
2005
Mortgage of
Bank
Account as
amended by
Supplement
al Deed
Thomas Blane
Hunter and
James Cairns
McMahon as
partners in the
firm of
Westcoast
Capital
All monies due or
to become due
from the
Company to the
Chargee under
the terms of the
aforementioned
instrument
creating or
evidencing the
charge
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document), the
account
numbered
611061 and
agreement dated
26 February 2001
13 JJB 13 June
2005
Mortgage of
Bank
Account as
amended by
Supplement
al Deed
Thomas Blane
Hunter, James
Cairns
McMahon and
Robert
McDougall
Glennie as
trustees of the
TB Hunter trust
for children
All monies due or
to become due
from the
Company to the
Chargee under
the terms of the
aforementioned
instrument
creating or
evidencing the
charge
All its right, title
and interest in
and to the
Deposit (as
defined in the
Security
Document), the
account
numbered
611079 and
agreement dated
26 February 2001
109
ANNEX 12: NOTICE OF MEETINGS
PART A
FORM OF NOTICE OF CREDITORS' MEETING AND MEMBERS' MEETING FOR JJB
IN THE HIGH COURT OF JUSTICE
CHANCERY DIVISION
COMPANIES COURT
IN THE MATTER OF THE INSOLVENCY ACT 1986
AND
IN THE MATTER OF JJB SPORTS PLC (the "Company")
NOTICE OF CREDITORS' MEETING AND MEMBERS' MEETING PURSUANT TO SECTION 3
OF THE INSOLVENCY ACT 1986
This is notice that a meeting of creditors of the Company is to be held at:
Royal Horticultural Halls and Conference Centre, 80 Vincent Square, London SW1P 2PE at 11.00
a.m. on 27 April 2009.
This is notice that a meeting of members of the Company is to be held at the address above at
11.00 a.m. on 29 April 2009.
These meetings are being summoned pursuant to section 3 of the Insolvency Act 1986, for the
purposes of considering the proposals of the directors of the Company for company voluntary
arrangements under Part I of the Insolvency Act 1986 and voting on the following resolutions:
(a) (in the case of the meeting of creditors) that the proposed company voluntary arrangements
be approved; and
(b) (in the case of the meeting of members) that the proposed company voluntary
arrangements be approved.
For creditors only
In order to expedite the procedure for voting at the creditors' meeting, please complete and execute
a Voting & Notice of Claim and return it by post to KPMG LLP, St James' Square, Manchester M2
6DS or by fax to +44 (0) 161 246 4040, in both cases marked for the attention of Brian Green by no
later than 11.00 am on 24 April 2009. However, persons wishing to vote at the meeting may instead
bring their Voting & Notice of Claim with them to the meeting.
For creditors and members
If you cannot attend the relevant meeting and wish to be represented, please complete as
appropriate:
(a) the red Proxy Form in respect of the creditors' meeting and return it by post to KPMG LLP,
St James' Square, Manchester M2 6DS or by fax to +44 (0) 161 246 4040, in both cases
marked for the attention of Brian Green by no later than 11.00 a.m. on 24 April 2009; and/or
110
(b) the green Proxy Form in respect of the members' meeting and return it to Capita Registrars,
Proxy Department, The Registry, 34 Beckenham Road, Beckenham, Kent BR3 4TU by no
later than 11.00 a.m. on 27 April 2009.
However, persons wishing to vote at the meeting(s) may instead bring the appropriate completed
proxy to the relevant meeting.
Dated: 6 April 2009
----------------------------------------------------------------------------------------------------------------
Brian Green
Joint Nominee
Notes
(a) The proposal, Proxy Forms and a Voting & Notice of Claim accompany this notice of meetings.
The Proxy Forms and the Voting & Notice of Claim contain details of how to complete them.
(b) The Proposal of the Joint Nominee in this matter has been lodged with the Chancery Division of
the High Court.
(c) The proposal has been prepared by the directors of the Company solely to inform creditors and
members of the content of the proposal for the company voluntary arrangement. Nothing in the
proposal should be relied upon for any other purpose.
(d) Members' meeting: Any resolution is regarded as passed if voted for by more than one half in
value of the members present in person or by proxy and voting on the resolution. The value of
the members is determined by reference to the number of votes conferred on each member by
the Company's articles.
(e) Creditors' meeting: Creditors should note Rule 1.19 of the Insolvency Rules 1986, which
among other provisions of the Insolvency Act 1986 and the Insolvency Rules 1986, provides as
follows:
1.19(1) [Three-quarters majority] Subject as follows, at the creditors' meeting for any
resolution to pass approving any proposal or modification there must be a majority in excess of
three-quarters in value of the creditors present in person or by proxy and voting on the
resolution.
1.19(2) [One-half majority] The same applies in respect of any other resolution proposed at
the meeting, but substituting one-half for three-quarters.
1.19(3) [Votes to be left out of account] In the following cases there is to be left out of
account a creditor's vote in respect of any claim or part of a claim:
(a) where written notice of the claim was not given, either at the meeting or before it, to the
chairman or convener of the meeting;
(b) where the claim or part is secured;
(c) where the claim is in respect of a debt wholly or partly on, or secured by, a current bill of
exchange or promissory note, unless the creditor is willing:
(i) to treat the liability to him on the bill or note of every person who is liable on it
antecedently to the company, and against whom a bankruptcy order has not been
made (or in the case of a company, which has not gone into liquidation), as a security in
his hands; and
(ii) to estimate the value of the security and (for the purpose of entitlement to vote, but not
of any distribution under the arrangement) to deduct it from his claim.
1.19(4) [Voting rendering resolution invalid] Any resolution is invalid if those voting against it
include more than half in value of the creditors, counting in these latter only those:
(a) to whom notice of the meeting was sent;
(b) whose votes are not to be left out of account under paragraph (3); and
(c) who are not, to the best of the chairman's belief, persons connected with the company.
1.19(5) [Chairman's powers] It is for the chairman of the meeting to decide whether under
this Rule:
(a) a vote is to be left out of account in accordance with paragraph (3); or
(b) a person is a connected person for the purposes of paragraph (4)(c);
111
and in relation to the second of these two cases the chairman is entitled to rely on the
information provided by the company's statement of affairs or otherwise in accordance with this
Part of the Rules.
1.19(6) [Use of proxy contrary to r.1.15] If the chairman uses a proxy contrary to Rule 1.15,
his vote with that proxy does not count towards any majority under this Rule.
1.19(7) [Appeal from chairman's decision] The chairman's decision on any matter under this
Rule is subject to appeal to the court by any creditor or member and paragraphs (5) to (7) of
Rule 1.17A apply as regards such an appeal.
112
PART B
FORM OF NOTICE OF CREDITORS' MEETING AND MEMBERS' MEETING FOR BLANE
IN THE COURT OF SESSION
IN THE MATTER OF THE INSOLVENCY ACT 1986
AND
IN THE MATTER OF BLANE LEISURE LIMITED (the "Company")
NOTICE OF CREDITORS' MEETING AND MEMBERS' MEETING PURSUANT TO SECTION 3
OF THE INSOLVENCY ACT 1986
This is notice that a meeting of creditors of the Company is to be held at:
Royal Horticultural Halls and Conference Centre, 80 Vincent Square, London SW1P 2PE at 11.00
a.m. on 27 April 2009.
This is notice that a meeting of members of the Company is to be held at the address above at
11.00 a.m. on 29 April 2009.
These meetings are being summoned pursuant to section 3 of the Insolvency Act 1986, for the
purposes of considering the proposals of the directors of the Company for company voluntary
arrangements under Part I of the Insolvency Act 1986 and voting on the following resolutions:
(a) (in the case of the meeting of creditors) that the proposed company voluntary arrangements
be approved; and
(b) (in the case of the meeting of members) that the proposed company voluntary
arrangements be approved.
For creditors only
In order to expedite the procedure for voting at the creditors' meeting, please complete and execute
a Voting & Notice of Claim and return it by post to KPMG LLP, St James' Square, Manchester M2
6DS or by fax to +44 (0) 161 246 4040 in both cases marked for the attention of Brian Green by no
later than 11.00 a.m. on 24 April 2009. However, persons wishing to vote at the meeting may
instead bring their Voting & Notice of Claim with them to the meeting.
For creditors and members
If you cannot attend the relevant meeting and wish to be represented, please complete as
appropriate:
(a) the yellow Proxy Form in respect of the creditors' meeting and return it by post to KPMG
LLP, St James' Square, Manchester M2 6DS or by fax to +44 (0) 161 246 4040, in both
cases marked for the attention of Brian Green by no later than 11.00 a.m. on 24 April 2009;
and/or
(b) the pink Proxy Form in respect of the members' meeting and return it by post to KPMG LLP,
St James' Square, Manchester M2 6DS or by fax to +44 (0) 161 246 4040, in both cases
marked for the attention of Brian Green by no later than 11.00 a.m. on 27 April 2009.
However, persons wishing to vote at the meeting(s) may instead bring the appropriate completed
proxy to the relevant meeting.
Dated: 6 April 2009
113
----------------------------------------------------------------------------------------------------------------
Brian Green
Joint Nominee
Notes
(a) The proposal, Proxy Forms and a Voting & Notice of Claim accompany this notice of meetings.
The Proxy Forms and the Voting & Notice of Claim contain details of how to complete them.
(b) The Proposal of the Joint Nominee in this matter has been lodged with the Court of Session.
(c) The proposal has been prepared by the directors of the Company solely to inform creditors and
members of the content of the proposal for the company voluntary arrangement. Nothing in the
proposal should be relied upon for any other purpose.
(d) Members' meeting: Any resolution is regarded as passed if voted for by more than one half in
value of the members present in person or by proxy and voting on the resolution. The value of
the members is determined by reference to the number of votes conferred on each member by
the Company's articles.
(e) Creditors' meeting: Creditors should note the following provisions of the Insolvency (Scotland)
Rules 1986:
7.9 (applying Rules 4.15 and 4.16) [Submission of claim to vote] A creditor, in order to have
his right to vote at the meeting accepted, must submit his claim to the nominee at or before the
meeting. A creditor must also submit his claim by producing to the nominee a notice of claim in
the form required by Part B of Annex 14 and an account or voucher or written evidence
(according to the nature of the debt claimed) which constitutes prima facie evidence of the debt.
7.12(2) [Three-quarters majority] In a voluntary arrangement, at a creditors' meeting for any
resolution to pass approving any proposal or modification, there must be at least three-quarters
in value of the creditors present or represented and voting, in person or by proxy, in favour of
the resolution.
7.12(1) [One-half majority] Subject to any contrary provision in the Insolvency Act 1986 or
the Insolvency (Scotland) Rules 1986, at any meeting of creditors, contributories or members of
a company, a resolution is passed when a majority in value of those voting, in person or by
proxy, have voted in favour of it.
1.15(B)(1) to (4) [Chairman's powers]:
1.15(B)(1) Subject as follows, at any creditors' meeting the chairman shall ascertain the
entitlement of persons wishing to vote and shall admit or reject their claims accordingly.
1.15(B)(2) The chairman may admit or reject a claim in whole or in part.
1.15(B)(3) The chairman's decision on any matter under this Rule or under paragraph (3) of
Rule 1.15A of the Insolvency (Scotland) Rules 1986 is subject to appeal to the court by any
creditor or member of the company.
1.15(B)(4) If the chairman is in doubt whether a claim should be admitted or rejected, he shall
mark it as objected to and allow votes to be cast in respect of it, subject to such votes being
subsequently declared invalid if the objection to the claim is sustained.
1.15(B)(5) and (6) [Appeal from chairman's decision]
1.15(B)(5) If on an appeal the chairman's decision is reversed or varied, or votes are declared
invalid, the court may order another meeting to be summoned, or make such order as it thinks
just.
The court's power to make an order under this paragraph is exercisable only if it considers that
the circumstances giving rise to the appeal give rise to unfair prejudice or material irregularity.
1.15(B) (6) An application to the court by way of appeal against the chairman's decision shall
not be made after the end of the period of 28 days beginning with the first day on which the
report required by section 4(6) of the Insolvency Act 1986 has been made to the court.
114
ANNEX 13: FORMS OF PROXY
Rule 8.1 Form 8.1
1
Notes to help completion of the form
The Insolvency Act 1986
Proxy (company voluntary arrangement)
In the matter of JJB Sports plc
and
in the matter of the Insolvency Act 1986
Please give full name and address for
communication
Name of member_________________________________________________
Address________________________________________________________
_______________________________________________________________
_______________________________________________________________
Please insert name of person (who
must be 18 or over) or “chairman of
the meeting”. If you wish to provide
for alternative proxy-holders in the
circumstances that your first choice is
unable to attend please state the names
of the alternatives as well
If you appoint the chairman of the
meeting to be your proxy, you must
specifically direct the chairman to vote
either for the approval, or for the
rejection of, the resolutions. If the
chairman is appointed as proxy, but is
not given specific directions on how to
vote, that vote will be invalid
Name of proxy-holder
1______________________________________________________________
2______________________________________________________________
3______________________________________________________________
Please delete words in brackets if the
proxy-holder is only to vote as directed
i.e. he has no discretion
I appoint the above person to be my/the member’s proxy-holder at the meeting of
members to be held on 29 April 2009 at 11.00 a.m., or at any adjournment of that
meeting. The proxy-holder is to propose or vote as instructed below (and in respect of
any resolution for which no specific instruction is given, may vote or abstain at his/her
discretion).
*Please delete as appropriate
Voting instructions for resolutions:
1 For the acceptance/rejection* of the proposed voluntary arrangement [with the
following modification(s)]:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
This form must be signed
Signature _____________________________ Dated __________________
Name in CAPITAL LETTERS ____________________________________
Only to be completed if the member
has not signed in person
Position with member or relationship to member or other authority for signature
115
Rule 8.1 Form 8.1
2
Notes to help completion of the form
The Insolvency Act 1986
Proxy (company voluntary arrangement)
In the matter of JJB Sports plc
and
in the matter of the Insolvency Act 1986
Please give full name and address for
communication
Name of creditor________________________________________________
Address_______________________________________________________
______________________________________________________________
______________________________________________________________
Please insert name of person (who must
be 18 or over) or “chairman of the
meeting”. If you wish to provide for
alternative proxy-holders in the
circumstances that your first choice is
unable to attend please state the names
of the alternatives as well
If you appoint the chairman of the
meeting to be your proxy, you must
specifically direct the chairman to vote
either for the approval, or for the
rejection of, the resolutions. If the
chairman is appointed as proxy, but is
not given specific directions on how to
vote, that vote will be invalid
Name of proxy-holder
1_____________________________________________________________
2_____________________________________________________________
3_____________________________________________________________
Please delete words in brackets if the
proxy-holder is only to vote as directed
i.e. he has no discretion
I appoint the above person to be my/the creditor’s proxy-holder at the meeting of
creditors to be held on 27 April 2009 at 11.00 a.m., or at any adjournment of that
meeting. The proxy-holder is to propose or vote as instructed below (and in respect
of any resolution for which no specific instruction is given, may vote or abstain at
his/her discretion).
*Please delete as appropriate
Voting instructions for resolutions:
1 For the acceptance/rejection* of the proposed voluntary arrangement [with the
following modification(s)]:
______________________________________________________________
______________________________________________________________
______________________________________________________________
This form must be signed
Signature _____________________________ Dated _________________
Name in CAPITAL LETTERS ___________________________________
Only to be completed if the creditor has
not signed in person
Position with creditor or relationship to creditor or other authority for signature
116
Rule 8.1 Form 8.1
3
Notes to help completion of the form
The Insolvency Act 1986
Proxy (company voluntary arrangement)
In the matter of Blane Leisure Limited
and
in the matter of the Insolvency Act 1986
Please give full name and address for
communication
Name of member_________________________________________________
Address________________________________________________________
_______________________________________________________________
_______________________________________________________________
Please insert name of person (who
must be 18 or over) or “chairman of
the meeting”. If you wish to provide
for alternative proxy-holders in the
circumstances that your first choice is
unable to attend please state the names
of the alternatives as well
If you appoint the chairman of the
meeting to be your proxy, you must
specifically direct the chairman to vote
either for the approval, or for the
rejection of, the resolutions. If the
chairman is appointed as proxy, but is
not given specific directions on how to
vote, that vote will be invalid
Name of proxy-holder
1______________________________________________________________
2______________________________________________________________
3______________________________________________________________
Please delete words in brackets if the
proxy-holder is only to vote as directed
i.e. he has no discretion
I appoint the above person to be my/the member’s proxy-holder at the meeting of
members to be held on 29 April 2009 at 11.00 a.m., or at any adjournment of that
meeting. The proxy-holder is to propose or vote as instructed below (and in respect of
any resolution for which no specific instruction is given, may vote or abstain at his/her
discretion).
*Please delete as appropriate
Voting instructions for resolutions:
1 For the acceptance/rejection* of the proposed voluntary arrangement [with the
following modification(s)]:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
This form must be signed
Signature _____________________________ Dated __________________
Name in CAPITAL LETTERS ____________________________________
Only to be completed if the member
has not signed in person
Position with member or relationship to member or other authority for signature
117
Rule 8.1 Form 8.1
4
Notes to help completion of the form
The Insolvency Act 1986
Proxy (company voluntary arrangement)
In the matter of Blane Leisure Limited
and
in the matter of the Insolvency Act 1986
Please give full name and address for
communication
Name of creditor_________________________________________________
Address________________________________________________________
_______________________________________________________________
_______________________________________________________________
Please insert name of person (who
must be 18 or over) or “chairman of
the meeting”. If you wish to provide
for alternative proxy-holders in the
circumstances that your first choice is
unable to attend please state the names
of the alternatives as well
If you appoint the chairman of the
meeting to be your proxy, you must
specifically direct the chairman to vote
either for the approval, or for the
rejection of, the resolutions. If the
chairman is appointed as proxy, but is
not given specific directions on how to
vote, that vote will be invalid
Name of proxy-holder
1______________________________________________________________
2______________________________________________________________
3______________________________________________________________
Please delete words in brackets if the
proxy-holder is only to vote as directed
i.e. he has no discretion
I appoint the above person to be my/the creditor’s proxy-holder at the meeting of
creditors to be held on 27 April 2009 at 11.00 a.m., or at any adjournment of that
meeting. The proxy-holder is to propose or vote as instructed below (and in respect of
any resolution for which no specific instruction is given, may vote or abstain at his/her
discretion).
*Please delete as appropriate
Voting instructions for resolutions:
1 For the acceptance/rejection* of the proposed voluntary arrangement [with the
following modification(s)]:
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
This form must be signed
Signature _____________________________ Dated __________________
Name in CAPITAL LETTERS ____________________________________
Only to be completed if the creditor
has not signed in person
Position with creditor or relationship to creditor or other authority for signature
118
ANNEX 14: VOTING & NOTICE OF CLAIM
PART A
VOTING & NOTICE OF CLAIM: JJB SPORTS PLC
IN THE HIGH COURT OF JUSTICE
CHANCERY DIVISION
COMPANIES COURT
IN THE MATTER OF:
JJB Sports PLC
("the Company")
COMPANY VOLUNTARY ARRANGEMENT under Part I of the Insolvency Act 1986 (as
amended)
VOTING & NOTICE OF CLAIM
1 Name and Address of Creditor:
Contact name:
Telephone number:
Fax number:
E-mail address:
Account by which creditor identifies debtor(s):
2 Nature of debt against the Company referred to above (e.g.
goods sold/ services performed/guarantee claim etc):
3 Date(s) the debt was incurred:
Yes
4 Is any party jointly liable for the debt?
No
5 If so, identify the party(ies) in question and specify the nature of
the claim against each one:
119
6 Details of any documents by reference to which the claim
against the Company referred to in section 1 above can be
substantiated:
Note that the CVA Supervisors may call for any document or
evidence to substantiate the claim at their discretion
7 Total amount of claim as at 27 April 2009 in respect of the
Company:
Total amount of interest owed on the claim as at 27 April 2009
in respect of the Company:
8 If the debt is subject to VAT please provide details of the
amount of VAT payable and copy of the relevant VAT invoice
(Note: payments will not be made in respect of VAT unless a
VAT invoice has been provided to the CVA Supervisors, where
a tax point has previously arisen, evidencing the amount of the
VAT (if any)):
9 Please provide brief particulars of the security (if any), including
the value of security, and the date it was given:
10 Give details of whether the whole or any part of your claim falls
within any (and if so which) of the categories of preferential
debts under section 386 of, and schedule 6 to, the Insolvency
Act 1986 (as read with schedule 3 to the Social Security
Pensions Act 1975):
Yes
No
11 Have you obtained a court judgment in relation to your claim?
If so please provide particulars, including the date of the
judgment.
Yes
No
12 So far as you are aware, has anyone else filed a Voting &
Notice of Claim form relating to your claim?
If so, please provide particulars.
13 Signature of the Creditor or person authorised to act on their
behalf:
Name in BLOCK LETTERS:
Position in relation to the Creditor:
Date:
120
Please use a continuation sheet if necessary.
Please return this form by post to KPMG LLP, St James' Square, Manchester M2 6DS or by fax to
+44(0) 161 246 4040 in both cases marked for the attention of Brian Green.
IT IS REQUESTED THAT THIS FORM BE RETURNED BY 11.00 AM ON 24 APRIL 2009.
121
PART B
VOTING & NOTICE OF CLAIM: BLANE LEISURE LIMITED
COURT OF SESSION
IN THE MATTER OF:
Blane Leisure Limited
("the Company")
COMPANY VOLUNTARY ARRANGEMENT under Part I of the Insolvency Act 1986 (as
amended)
VOTING & NOTICE OF CLAIM
1 Name and Address of Creditor:
Contact name:
Telephone number:
Fax number:
E-mail address:
Account by which creditor identifies debtor(s):
2 Nature of debt against the Company referred to above (e.g.
goods sold/ services performed/guarantee claim etc):
3 Date(s) the debt was incurred:
Yes
4 Is any party jointly liable for the debt?
No
5 If so, identify the party(ies) in question and specify the nature of
the claim against each one:
6 Details of any documents by reference to which the claim
against the Company referred to in section 1 above can be
substantiated:
Note that the CVA Supervisors may call for any document or
evidence to substantiate the claim at their discretion
122
7 Total amount of claim as at 27 April 2009 in respect of the
Company:
Total amount of interest owed on the claim as at 27 April 2009
in respect of the Company:
8 If the debt is subject to VAT please provide details of the
amount of VAT payable and copy of the relevant VAT invoice
(Note: payments will not be made in respect of VAT unless a
VAT invoice has been provided to the CVA Supervisors, where
a tax point has previously arisen, evidencing the amount of the
VAT (if any)):
9 Please provide brief particulars of the security (if any), including
the value of security, and the date it was given:
10 Give details of whether the whole or any part of your claim falls
within any (and if so which) of the categories of preferential
debts under section 386 of, and schedule 6 to, the Insolvency
Act 1986 (as read with schedule 3 to the Social Security
Pensions Act 1975):
Yes
No
11 Have you obtained a court judgment in relation to your claim?
If so please provide particulars, including the date of the
judgment.
Yes
No
12 So far as you are aware, has anyone else filed a Voting &
Notice of Claim form relating to your claim?
If so, please provide particulars.
13 Signature of the Creditor or person authorised to act on their
behalf:
Name in BLOCK LETTERS:
Position in relation to the Creditor:
Date:
Please use a continuation sheet if necessary.
123
Please return this form by post to KPMG LLP, St James' Square, Manchester M2 6DS or by fax to
+44(0) 161 246 4040 in both cases marked for the attention of Brian Green.
IT IS REQUESTED THAT THIS FORM BE RETURNED BY 11.00 AM ON 24 APRIL 2009.
124
ANNEX 15: NOTICE OF IMPLEMENTATION DATE
PART A
NOTICE OF IMPLEMENTATION FOR JJB
IN THE HIGH COURT OF JUSTICE
No. [****] of 2009
CHANCERY DIVISION
COMPANIES COURT
IN THE MATTER OF:
JJB SPORTS PLC
(the "Company")
AND IN THE MATTER OF THE INSOLVENCY ACT 1986
COMPANY VOLUNTARY ARRANGEMENT under Part I of the Insolvency Act 1986 (as
amended by the Insolvency Act 2000)
NOTICE OF IMPLEMENTATION
TO: ALL HOLDERS OF CVA CLAIMS AGAINST THE COMPANY
[DATE]
Notice is hereby given in accordance with Clause 4.4 of Part VII of the Directors' proposal for a
Company Voluntary Arrangement in respect of the Company dated 6 April 2009 (the "Proposal")
(capitalised terms used in which shall have the same meaning in this notice) that the
Implementation Date occurred on [**] [****] 2009.
………………………………………………..
[name] on behalf of the CVA Supervisors
125
PART B
NOTICE OF IMPLEMENTATION FOR BLANE
IN THE COURT OF SESSION
No. [****] of 2009
IN THE MATTER OF:
BLANE LEISURE LIMITED
(the "Company")
AND IN THE MATTER OF THE INSOLVENCY ACT 1986
COMPANY VOLUNTARY ARRANGEMENT under Part I of the Insolvency Act 1986 (as
amended by the Insolvency Act 2000)
NOTICE OF IMPLEMENTATION
TO: ALL HOLDERS OF CVA CLAIMS AGAINST THE COMPANY
[DATE]
Notice is hereby given in accordance with Clause 4.4 of Part VII of the Directors' proposal for a
Company Voluntary Arrangement in respect of the Company dated 6 April 2009 (the "Proposal")
(capitalised terms used in which shall have the same meaning in this notice) that the
Implementation Date occurred on [**] [****] 2009.
………………………………………………..
[name] on behalf of the CVA Supervisors
126
ANNEX 16: NOTICE OF TERMINATION
PART A
NOTICE OF TERMINATION FOR JJB
IN THE HIGH COURT OF JUSTICE
No. [****] of 2009
CHANCERY DIVISION
COMPANIES COURT
IN THE MATTER OF:
JJB SPORTS PLC
(the "Company")
AND IN THE MATTER OF THE INSOLVENCY ACT 1986
COMPANY VOLUNTARY ARRANGEMENT under Part I of the Insolvency Act 1986 (as
amended by the Insolvency Act 2000)
NOTICE OF TERMINATION
TO: ALL HOLDERS OF CVA CLAIMS AGAINST THE COMPANY
[DATE]
Notice is hereby given in accordance with Clause 34.1 of Part VII of the Directors' proposal for a
Company Voluntary Arrangement in respect of the Company dated 6 April 2009 (the "Proposal")
(capitalised terms used in which shall have the same meaning in this notice) that:
Pursuant to Clause 34.1 of the Proposal the CVA has been fully implemented and shall with effect
from the date hereof be deemed terminated.
and/or
Pursuant to Clause 34.2 of the Proposal the CVA in relation to the Company has been implemented
in respect of all CVA Claims other than [specify type of CVA Claims] and has failed in respect of
[specify type of CVA Claims] and shall be deemed terminated with effect from the date hereof.
………………………………………………..
[name] on behalf of the CVA Supervisors
127
PART B
NOTICE OF TERMINATION FOR BLANE
IN THE COURT OF SESSION
No. [****] of 2009
IN THE MATTER OF:
BLANE LEISURE LIMITED
(the "Company")
AND IN THE MATTER OF THE INSOLVENCY ACT 1986
COMPANY VOLUNTARY ARRANGEMENT under Part I of the Insolvency Act 1986 (as
amended by the Insolvency Act 2000)
NOTICE OF TERMINATION
TO: ALL HOLDERS OF CVA CLAIMS AGAINST THE COMPANY
[DATE]
Notice is hereby given in accordance with Clause 34.1 of Part VII of the Directors' proposal for a
Company Voluntary Arrangement in respect of the Company dated 6 April 2009 (the "Proposal")
(capitalised terms used in which shall have the same meaning in this notice) that:
Pursuant to Clause 34.1 of the Proposal the CVA has been fully implemented and shall with effect
from the date hereof be deemed terminated.
and/or
Pursuant to Clause 34.2 of the Proposal the CVA in relation to the Company has been implemented
in respect of all CVA Claims other than [specify type of CVA Claims] and has failed in respect of
[specify type of CVA Claims] and shall be deemed terminated with effect from the date hereof.
………………………………………………..
[name] on behalf of the CVA Supervisors
128
ANNEX 17: TERMS OF RENT CONCESSION AGREEMENT
Terms of the Rent Concession Agreement between the Companies and each relevant Open
Premises Landlord
1. Referring to any relevant Open Premises Lease (in each case the "Lease") between any
Open Premises Landlord ("You") (1) and Blane or JJB, as appropriate, as tenant under the
relevant Lease (the "Company") (2).
2. The interest immediately expectant on the determination of the Lease (the "Reversion") is
vested in You and the residue of the term of years granted by the Lease is vested in the
Company.
3. It is agreed between the Company and You in respect of each relevant Open Premises
Lease that during the Open Premises Rent Concession Period applicable to that Lease
(the "Relevant Period") but subject to paragraph 4 below, the following agreement shall
apply:
3.1 the Open Premises Rents (the "Rent") shall be payable by 12 equal monthly
instalments in advance the first such payment to be made on the Next Quarter Day
and thereafter on the date falling one calendar month from such date throughout
the Relevant Period (each being, together with the Next Quarter Day, a "Monthly
Payment Date");
3.2 during the Relevant Period You will submit invoices in respect of each monthly
instalment of the Rent due on the Monthly Payment Date to the Company not later
than 3 Business Days prior to such date; and
3.3 interest shall be payable on any Rent not paid on the due date as referred to in
paragraph 3.1 above at the rate of two per cent above the base rate of Lloyds TSB
Bank plc from time to time.
4. The arrangement set out at paragraph 3 above shall cease immediately upon the first of
the following dates to occur:
4.1 the date falling 7 Business Days from any Monthly Payment Date if at that time the
relevant instalment of the Rent has not been paid; and
4.2 the date on which the Company assigns the relevant Lease;
(any such date being a "Trigger Date").
5. With effect from the Trigger Date any future Rent due under a Lease in respect of which
the Trigger Date has occurred shall from that date be payable as specified in the relevant
Lease as if this Rent Concession Agreement had not been entered to and accordingly,
taking account of any instalments of the Rent that have been paid by the Company during
the quarter in which the Trigger Date occurs in respect of the relevant Lease, the balance
of the Rent that would have been payable by the Company on the quarter day under the
relevant Lease immediately preceding the Trigger Date plus interest at the rate specified at
paragraph 3.3 above shall be payable by the Company on demand.
6. You agree with the Company and the Company agrees with You that this Rent Concession
Agreement:
129
6.1 shall not be the subject of any application to the Land Registry for any entry on any
title;
6.2 will bind successors in title and assigns of the Reversion, but will be personal to
the Company;
6.3 shall not effect the times or at which any sums reserved as rent other than the
Rent under the relevant Lease shall be payable from, nor the manner of its
payment;
6.4 shall be disregarded for the purposes of any rent review under the relevant Lease;
and
6.5 the terms of the relevant Lease shall not be varied, but shall be waived during the
Relevant Period only insofar as is necessary to give effect to the terms of this Rent
Concession Agreement.
130
ANNEX 18: SUMMARY STATEMENT OF AFFAIRS
PART A
JJB SUMMARY STATEMENT OF AFFAIRS AS AT 26 MARCH 2009
Note
Estimated
Book
Value £'000
Estimated
to Realise
£'000
ASSETS
Assets subject to fixed charge:
Property 13,797 9,658
Intangible assets (not goodwill) 25,483 5,000
Leasehold premises 798 80
Deferred consideration 1 43,411 25,000
Cost of Investment 301,328 0
384,817 39,738
Less: Secured Creditor:
Consolidated chargeholder position (46,399) (46,399)
(46,399) (46,399)
Surplus/(Deficit) to fixed charge holder 338,418 (6,661)
Assets subject to loan note fixed charge
Loan note deposit 168,117 168,117
Less: Loan note secured creditor (168,117) (168,117)
Surplus/(Deficit) to loan note fixed charge holder 0 0
Assets subject to HP/Finance Agreement:
Motor Vehicles 69 45
69 45
Less: Finance Liability (60) (60)
Surplus/(Deficit) to finance creditors 9 (15)
Assets not specifically pledged:
Aircraft 1,709 1,367
IT 5,675 568
Fixtures 47,522 2,376
Motor vehicles 372 186
Assets not in use 1,601 0
Stock 44,204 12,676
Sales ledger 4,763 476
Voucher companies 145 102
Other debtors 732 366
Rent deposits 6 0
Sundry financial debtors 371 0
Insurance claims 35 0
Sundry debtors 134 40
Automatic prepayments 3,473 69
Manual prepayments 5,455 0
Floats and petty cash 300 240
Surplus arising from Fixed Charge and HP assets 338,427 0
454,924 18,466
Estimated total assets available for preferential creditors 454,924 18,466
131
LIABILITIES
Preferential creditors - employees
Preferential creditors (432) (432)
(432) (432)
Estimated Surplus/(Deficit) as regards preferential creditors 454,492 18,034
Debts secured by a floating charge 0 (6,661)
Estimated Surplus/(Deficit) of assets available for unsecured creditors 454,492 11,373
Unsecured Creditors
Trade creditors 2 (11,114) (11,114)
Accruals (7,829) (7,829)
Deficit arising from HP assets 9 (15)
HMRC (6,662) (6,662)
Corporation tax 0 0
Landlords 3 (168,076) (168,076)
Intercompany (171,143) (171,143)
Employee claims - PAYE Redundancy and notice (1,961) (1,961)
(6,706) (6,706)
Estimated Overall (deficit to creditors) 81,010 (362,133)
SHARE CAPITAL
Ordinary Shares (12,542) (12,542)
Estimated Total (deficiency) as regards members 68,468 (374,675)
JJB Sports plc
Notes to accompany the Statement of Affairs as at 26th March 2009
1. Deferred consideration is anticipated to be realised in full (£43.4m) provided that JJB
does not enter into administration or liquidation in the near future. There are two possible
areas of risk if JJB does enter administration or liquidation in the near future, the first
relating to the quantum paid to JJB or placed into the escrow account and the second
relating to the amount subsequently released from the escrow account. For the purposes
of this statement of affairs a prudent realisation of £25m has been assumed in respect of
an administration/liquidation.
2. Trade creditors per the Statement of Affairs is net of claims for Retention of Title which
have been adjusted for in the stock figure. Reconciliation to appendix 2:
£'000
Gross Trade Creditors per appendix 2 19,363
Adjustment for ROT 8,249
Trade Creditors per Statement of Affairs 11,114
3. Landlords total liability has been calculated based on annual rents on a landlord by
landlord basis. The liability is calculated based on 2 years annual rent and service charge
(being the average time taken to re-let the property), plus a further 2 years annual rent (to
reflect a 2 year rent free period given to the new tenant) and 75% of current rent being
received thereafter, plus dilapidations (based on square footage), discounted at 5% (per
rule 11.13 of the Insolvency Rules 1986 setting out how to discount claims in a
liquidation). In an administration we have assumed that a number of leases will be
assigned. The amount included in the statement of affairs can be reconciled to the total
liability as follows:
£'000
132
Gross Landlord liability per appendix 4 268,922
Reduction for potential assigned leases (100,846)
Landlords liability per Statement of Affairs 168,076
The following are connected creditors to JJB with the approximate debt:
1. Blane (£148,772,000);
2. Sports Division (Eirann) Limited (£22,371,000);
3. KooGa Rugby Limited (£106); and
4. Source Lab Limited (£3,500).
133
List of Members
of JJB
Shareholder Shareholding
ABC (NOMINEES) LIMITED 600
ABI (PREMISES) LTD 6
ACADEMIC RESEARCH LTD 30
ADAM & COMPANY (NOMINEES) LIMITED 701,700
ADAM DAVID RICHARDS ESQ 150
ADMOR OF FRANCIS PATRICA HILL DECD 97
ADMOR OF MARGARET RENNISON DECEASED 100
ADMOR OF WILFRED EDWIN LLOYD 640
ADMOR OF WILLIAM O'DRISCOLL 265
ADMORS OF MAKHAN PUREWAL DECEASED 409
AKBAR SHOFERPOOR ESQ 1,280
ALAN BILSBOROUGH ESQ 717
ALAN DAVID SHANKS ESQ 3,840
ALAN HARTER 860
ALAN NEIL GEORGE MACKINTOSH ESQ 1,000
ALAN RIBCHESTER ESQ 500
ALAN TROUTT ESQ 800
ALAN WILBERT JONES ESQ 6,000
ALASTAIR HOLLINGSBEE ESQ 3,646
ALBERT COWLEY ESQ 873
ALBERT GILLETT ESQ 3,000
ALBERT JOHN MARTIN ESQ 1,000
ALEX RAYMOND LEUNG ESQ 400
ALEXANDER FOSTER ESQ 250
ALEXANDER LEARMONTH DICK ESQ 500
ALEXANDER NORMAN HUGHES ESQ 300
ALEXANDER STAFFORD MONTGOMERY ESQ 420
ALFRED HARDY ESQ 1,000
ALFRED JOHN DRUMMOND ESQ 5,000
ALIBANK NOMINEES LTD 12,185
ALISTAIR JOHN BRIGGS ESQ 800
ALISTAIR JOHN WILLIAM LOW ESQ 3,000
ALISTAIR MCGOLDRICK ESQ 2,137
ALLAN THOMAS WISBEY ESQ 2,080
ALLIANCE TRUST SAVINGS NOMINEES 240,735
AMOS OBEMBE ESQ 655
ANDREW BARLOW ESQ 1,380
ANDREW BENTLEY ESQ 35,000
ANDREW BRENT MORLEY ESQ 2,800
ANDREW DAVID PARK ESQ 159
ANDREW NEIL PATERSON ESQ 1,800
ANDREW PETER BARNES ESQ 66
ANDREW SENIOR 65
ANDREW SHAW ESQ 14,000
ANDREW SLATER ESQ 262
ANGUS JAMES STENHOUSE ESQ 2,152
ANNA WENHAM 2,000
ANTHONY BEAHAN ESQ 530
ANTHONY DIXON ESQ 200
ANTHONY EDWARD FARRELL ESQ 1,000
ANTHONY EDWARD GAMBLIN ESQ 2,131
ANTHONY PETER HATTON ESQ 362
ANTHONY PETER WHEELER ESQ 2,000
ANTHONY RICHARD MARSHALL ESQ 4,400
ANTHONY ROBERT CROWTHER ESQ 500
ANTHONY ROSS LEEVERS ESQ 513
ANTHONY SCOTT PENN ESQ 2,048
ANTONY CHRISTOPHER WALSH ESQ 10,615
APOLLO NOMINEES LTD 337,311
ARCHIBALD MCGOWAN ESQ 220
ARTHUR CRYLE ESQ 319
ARTHUR GEORGE CHAPMAN ESQ 2,400
ARVIND LAXMIDAS PATEL ESQ 300
ARWEL OWEN EVANS ESQ 1
ASCO NOMINEES LIMITED 27,170
ATALAY HASSAN ESQ 200
BALJINDER SINGH GREWEL ESQ 7
BARCLAYS CAPITAL NOMINEES ( NO 2 ) 16,439
BARCLAYS STOCKBROKERS LIMITED 30,385
BARCLAYSHARE NOMINEES LIMITED 8,010,650
BARNARD NOMINEES LTD 10,000
BARRATT AND COOKE NOMINEES LIMITED 65,324
BARRIE JAMES COLMAN ESQ 1,000
BARRY DAVID BOWEN ESQ 1,230
BARRY JOHN HARVEY ESQ 2,000
BARRY NEVILLE LINCOLN ESQ 970
BASIT HUSSAIN ESQ 1,610
BAYERISCHE HYPO- UND VEREINSBANK AG 17,831
BBHISL NOMINEES LIMITED 279,872
BDS NOMINEES LIMITED 351,444
BERNARD ANTHONY CUNLIFF ESQ 1,040
BEVERLEY RICHARD BROMLEY 326
BHARAT VAIKUNTHRAI VYAS ESQ 200
BLOOMBERG LP 6
BNY (OCS) NOMINEES LIMITED 52,300
BNY GIL CLIENT ACCOUNT (NOMINEES) 4,250,000
BNY MELLON NOMINEES LIMITED 4,455,252
BNY NORWICH UNION NOMINEES LIMITED 100,469
BOLTRO NOMINEES LIMITED 4,512
BRADLEY IAIN HALL ESQ 200
BRENDAN GOUGH ESQ 144
BRETT JOHNSON ESQ 6,896
BREWIN NOMINEES LIMITED 1,016,828
BRIAN BOTTOMLEY ESQ 780
BRIAN BURTON ESQ 10,000
BRIAN CHARLES GRAY ESQ 1,000
BRIAN CHARLES LAMB ESQ 256
BRIAN CHARLES PEARSON ESQ 5,000
BRIAN DESMOND VAUX ESQ 1,000
BRIAN HARRY FELL ESQ 18,500
BRIAN JOHN CHANDLER ESQ 600
BRIAN JOHN HAZELWOOD ESQ 2,000
BRIAN JOHN TAYLOR ESQ 1,998
BRIAN KENNETH JAMES BUSHNELL ESQ 155
BRIAN LESLIE DODD ESQ 712
BRIAN NEWTON ESQ 3,000
BRIAN PENNINGTON ESQ 352
BRIAN REGINALD JONES ESQ 330
BRIAN SALVONA ESQ 1,000
BRIAN WILLIAM HUMPHERSON ESQ 1,598
BRUCE ARTHUR HEALEY ESQ 541
BRUCE GEORGE SWALLOW ESQ 1,834
CALUM MACDONALD ESQ 894
CAM NOMINEES LIMITED 650
CANON STANLEY HAROLD HOFFMAN 4,140
CAPT JOHN GORDON THRELFALL 500
CARDALE NOMINEES LIMITED 950
CATHERINE ANN QUINNEY 20,000
CATHERINE MARGARET DALTON 555
CAZENOVE NOMINEES LIMITED 58,470,543
CECIL BLOOM ESQ 1,200
CENKOS CHANNEL ISLANDS NOMINEE 85,000
CHARLES FREDERICK WEATHERILL ESQ 319
CHARLES HARCOURT GERVIS GREEN ESQ 7,400
CHARLES OSWALD ROBERTS ESQ 22,500
CHARLES WALKER DIXON ESQ 1,500
CHASE (GA GROUP) NOMINEES LIMITED 182,619
CHASE NOMINEES LIMITED 4,423,452
CHEVIOT CAPITAL (NOMINEES) LTD 16,000
CHRISTOPHER BELL ESQ 250
CHRISTOPHER DARLINGTON SILLS ESQ 120
CHRISTOPHER FRANCIS COLEMAN ESQ 200
CHRISTOPHER HODGSON ESQ 6,100
CHRISTOPHER IAN MCBRIDE ESQ 15,000
CHRISTOPHER JAMES GIBSON ESQ 27
CHRISTOPHER PAUL HARDY ESQ 17,666
CHRISTOPHER THOMAS FOSTER ESQ 340
CHRISTOPHER THOMAS MOLE ESQ 2,432
CHRISTOPHER THOMAS WANLESS ESQ 500
CHUNILAL KANABAR ESQ 15,000
CITIGROUP GLOBAL MARKETS U.K EQUITY 330,300
CLIFFORD ATHERTON DAVIES ESQ 7,174
CLIFFORD GRAY ESQ 1,352
CLIVE ALEXANDER WARWICK ESQ 2,500
CLIVE FRANK ANDREWS ESQ 600
COLIN BAINES ESQ 5,086
COLIN CLARKE ESQ 356
COLIN MEAD ESQ 2,664
COLIN RICHARD LORD ESQ 1,500
COLIN WILLIAM LORAINE ESQ 208
COUNT BOSCHERINI MIZZI 1,000
CRAIG LESLIE ATHERTON ESQ 10,830
CREDIT AGRICOLE CHEUVREUX 19,024
CREDIT SUISSE INTERNATIONAL 1,336
CUIM NOMINEE LIMITED 499,776
CURZON WILLIAM JACKSON ESQ 2,000
CYRIL NORMAN COOKE ESQ 2,000
CYRIL SHALDON ESQ 1,136
DANIEL WHITTLE ESQ 1,024
DARTINGTON PORTFOLIO NOMINEES 154,880
DAVID ALEXANDER SHAW WILSON ESQ 2,000
DAVID ALFRED FRANK RUMBOLD ESQ 1,000
DAVID ANDREW GREEN ESQ 232
DAVID ANDREW KEETLEY ESQ 796
DAVID ANTONY FLANNERY ESQ 310
DAVID ARTHUR WHITTON ESQ 1,040
DAVID CHRISTOPHER JOHN SKINNER ESQ 54
DAVID EARTHY 250
DAVID ELWYN LLEWELLYN ESQ 1,000
DAVID ERIC WINSTANLEY ESQ 600
DAVID FREDERICK PERCY RICHENS ESQ 8,329
DAVID FRESTON NASH ESQ 744
DAVID HENRY HEARN ESQ 750
DAVID HERBERT PEEL ESQ 500
DAVID IAN LOVELL ESQ 200
DAVID IAN NICHOLSON ESQ 1,280
DAVID JAMES DIAPER ESQ 175,000
DAVID JAMES HILL ESQ 112
DAVID JAMES MILLER ESQ 370
DAVID JENNINGS ESQ 800
DAVID JOLLEY ESQ 5,066
DAVID JUKES ESQ 400
DAVID MARK WILTSHIRE ESQ ESQ 1,000
DAVID MICHAEL JONES ESQ 600
DAVID MICHAEL SQUIRES ESQ 178
DAVID MILNES ESQ 426
DAVID O'BRIEN 8,800
DAVID OWAIN EDWARDS ESQ 2,400
DAVID PECKHAM ESQ 250
DAVID PHILIP CROPPER ESQ 2,000
DAVID RATCLIFFE ESQ 922
DAVID REID ESQ 143
DAVID RICHARD HARBORNE ESQ 323
DAVID RICHARD HARRISON 170
DAVID RIMMER ESQ 25,663
DAVID STEVENSON ESQ 1,040
DAVID THOMAS SAMPSON ESQ 700
DAVID WALLBY LEWIS ESQ 800
DAVID WILLIAM ISHMAEL ESQ 6,000
DAVYCREST NOMINEES 24,000
DEENE WHITE ESQ 500
DENIS ROTHWELL ESQ 20,000
DENIS WILLIAM MINNITT ESQ 834
DENNIS CHARLES RATCLIFF ESQ 430
DEREK ABRAM ESQ 1,250
DEREK LESLIE WALL ESQ 1,000
DEREK NORMAN FISHER ESQ 73,600
DEREK PHILIP MAY ESQ 980
DESMOND FRANCIS DELAHUNT ESQ 250
DESMOND JOHN LANGHAM ESQ 629
DEUTSCHE BANK AKTIENGESELLSCHAFT 450,130
DHIRESH RAJA ESQ 248
DIGITAL EXCHANGE (YORKS) LIMITED 1,040
DISCLOSURE LIMITED 10
DOCTOR JOHN LOW MATTHEW 826
DONALD MAGNUS THOMSON ESQ 4,299
DOUGLAS GIBSON ANDERSON ESQ 200
DOUGLAS JULIAN DENNIS ESQ 2,000
DOUGLAS OLIVER THOMPSON ESQ 204
DOUGLAS WILBERT ELLIS ESQ 200
DR ALAN JOHN HAYES 500
DR ANDREW MARK FERNANDO 324
DR ANNE VIVIEN ST JOSEPH 172
DR BARRY HUTCHINSON 5,400
DR CHANDRAVADAN RAICHAND MEHTA 1,500
DR DAVID BERNARD HENSON 400
DR DUDLEY GRAEME CAMBELL DAVIDSON 3,600
DR GORDON WAREING 4,100
DR INDIRA SINGANAYAGAM 1,040
DR JACK LEVY 2,080
DR JEAN MARY KERR 252
DR JOHN ADEKUNIE BOLODEOKU 64
DR JOHN ALFRED ROGERS 10,090
DR JOHN RICHARD NORBURY 92
DR KALYANI PAL 1,000
DR KRISHNA NARAYAN MEHENDALE 500
DR LUCIANA JOHN 200
DR MICHAEL GREER-WALKER 918
DR MUZAFFAR ALI ZAIDI 3,300
DR NIGEL WEBSTER 15,000
DR PATRICIA MARY RENEE SMITH 19,000
DR PETER THACKRAY 2,300
DR RAM KARAN CHOPRA 416
DR ROMAN PETER SUMIRA 390
DR SAYI RAMESH GANDHAM 1,065
DR WEI YAO LIANG 2,080
DR WENDY ANNE JONES 2,112
DRESDNER BANK AKTIENGESELLSCHAFT 12,309
DUNCAN SIMON OPIE ESQ 386
DURLACHER NOMINEES LIMITED 166,418
DYMOND ENTERPRISES LIMITED 5,124
E*TRADE UK NOMINEES LIMITED 436,950
EDGAR BARRY PALFREMAN ESQ 213
EDMUND JOHN PILLING ESQ 2,500
EDWARD DOCHERTY ESQ 2,000
EDWARD JONES NOMINEES LIMITED 63,640
EDWARD LEESON ESQ 1,000
EDWARD WALMSLEY ESQ 6,396
EDWARD WILLIAM KERRUISH ESQ 63
EGLINGHAM LIMITED 2
ELSIE DEAN 2,761
EMYR WYN WILLIAMS ESQ 84
ERIC ANTHONY HOUGHTON ESQ 364
ERIC PATRICK FOLEY ESQ 2,500
ERIC RUSSELL CLARKE ESQ 30
ERIC STANLEY CAILES ESQ 1,012
ERICA HESTER EVANS JACKSON 80
ERNEST JOSEPH ESQ 2,000
ERROL ANTHONY FULLER ESQ 51
EUROCLEAR NOMINEES LIMITED 237,253
EXCELLENCE COMMUNICATIONS LIMITED 1,000
EXETER LEUKAEMIA FUND 1
EXOR OF ALASTAIR CLERE HENDERSON 93
EXOR OF BARRY JOHN PARKIN DECEASED 1,400
EXOR OF GEORGE ALBERT BASNETT DECD 56
EXOR OF JESSIE JONES DECEASED 21
EXOR OF WILLIAM PETER WELSH 248
EXORS OF GEORGE KENNETH COWARD DECD 250
EXORS OF TREVOR SKEET DECD 1,000
F H F (NOMINEES) LTD 9,271
FERLIM NOMINEES LIMITED 475,279
FERN LTD 2,049
FISKE NOMINEES LIMITED 7,500
FITEL NOMINEES LIMITED 3,188,796
FLEETSIDE LEGAL REPRESENTATIVE 1
FOREST NOMINEES LIMITED 31,996
FRANCES EVELYN DENNISON 2,049
FRANK BERNARD ROBINSON ESQ 350
FRANK DUDLEY ESQ 602
FRANK GORDON WELCH 500
FRANK JOHNSON ESQ 1,024
FRANK NOMINEES LIMITED 70,000
FRED BARRY EVANS ESQ 517
FRED TURNER 3,000
FREDERICK BRUCE EDWARDS ESQ 2,131
FREDERICK THOMAS LEA ESQ 204
GARETH JOHN BERRYMAN ESQ 410
GAVIN DAVID MILLER ESQ 101
GEOFFREY HEATON ESQ 2,280
GEOFFREY HOWARD LEVER ESQ 500
GEOFFREY JAMES STATHAM ESQ 2,000
GEOFFREY LEA ESQ 50
GEOFFREY MITTON ESQ 1,286
GEOFFREY THOMAS JOHNSON ESQ 2,000
GEOFFRY SWIFT ESQ 1,065
GEORGE ALEXANDER SMART ESQ 1,400
GEORGE CONNOLLY ESQ 709
GEORGE FREDERICK STOCKS ESQ 1,065
GEORGE FREDERICK STRETCH ESQ 2,000
GEORGE GORDON REID ESQ 1,119
GEORGE MCBAIN ESQ 2,049
GEORGE PATRICK SUTHERLAND ROBSON 221
GEORGE RICHARDSON ESQ 2,000
GEORGE ROBERT MOLSON ESQ 5,400
GEORGE SCORGIE ESQ 250
GERALD BATES ESQ 3,000
GERALD DAVID WRIGHT ESQ 5,000
GERALDINE MCKEVITT 15,230
GILTSPUR NOMINEES LIMITED 1,706,511
GLASLYN INVESTMENTS LIMITED 2
GLEN DAVID TILLYARD ESQ 358
GLENCAIRN NOMINEES LIMITED 8,176
GLYN CHARLES GROUNDSELL ESQ 2,560
GODFREY HENRY AUBREY LEWIS ESQ 500
GOLDMAN SACHS INTERNATIONAL 81,305
GOLDMAN SACHS SECURITIES (NOMINEES) 21,676
GOODBODY STOCKBROKERS NOMINEES 17,000
GORDON EDWARD STARKEY ESQ 58
GORDON LESLIE YOUNG ESQ 33,000
GORDON TAYLOR ESQ 3,616
GRAEME PORTER ESQ 388
GRAEME ROBERTSON FULTON LEWIS ESQ 20
GRAHAM FURNELL ESQ 3,720
GRAHAM JONES ESQ 1,000
GRAHAM NICHOLLS ESQ 512
GRAHAME PETER DAY ESQ 100
GREGORY GRAEME WILSON ESQ 950
GURDIAL SINGH SAUND ESQ 624
GURNAM SINGH DUHRA ESQ 1,040
HALB NOMINEES LIMITED 30,815
HANOVER NOMINEES LIMITED 271,259
134
HARGREAVE HALE NOMINEES LIMITED 483,059
HARGREAVES LANSDOWN (NOMINEES) 1,735,349
HAROLD RIGBY ESQ 1,065
HARRY EDGER BYERS ESQ 200
HARRY LUDLOW GREEN ESQ 491
HARSIT NAKARJA ESQ 100
HASSAN AKHTAR ESQ 262
HAVELOCK HUNTER NOMINEES LIMITED 2,750
HAYDEN ROBERTS ESQ 642
HENRY CHARLES HOPKINS ESQ 1,280
HERMAN KON ESQ 6,200
HOWARD STEWART STERN ESQ 212
HSBC CLIENT HOLDINGS NOMINEE (UK) 7,000
HSBC GLOBAL CUSTODY NOMINEE (UK) 3,136,170
HSDL NOMINEES LIMITED 10,317,053
HUGH DEREK MCKAY ESQ 1,800
HUGH JONATHAN CALVERT ESQ 2,000
IAIN CHRISTOPHER SMITH ESQ 4,000
IAN ANTHONY WIXON ESQ 1,000
IAN CAMERON ESQ 1,167
IAN COCHRANE ROBINSON ESQ 2,238
IAN DARGIE WYLLIE ESQ 9,000
IAN DAVID COCKRAM ESQ 512
IAN JOHN MILES ESQ 500
IAN MICHAEL BULLIVANT ESQ 500
IAN RYDER-SMITH ESQ 500
ICC INFORMATION LIMITED 4
IDEALING NOMINEES LIMITED 272,473
IMPACTBRAND LIMITED 2
INTERACTIVE BROKERS LLC 37,682
ISS EUROPE LIMITED 4
J M FINN NOMINEES LIMITED 54,300
J.P. MORGAN SECURITIES LTD 128,056
JACK LESLIE HOPE ESQ 3,700
JAIME ROBERTO FREDES-SANCHEZ ESQ 2,000
JAMES ALEXANDER ARMSTRONG ESQ 100
JAMES BOWIE ESQ 614
JAMES BREARLEY CREST NOMINEES 442,939
JAMES CAPEL (NOMINEES) LIMITED 5,733,251
JAMES FARRINGTON ESQ 4,160
JAMES KIRBY ESQ 500
JAMES MCGEACHY ESQ 800
JAMES NEALE ANTROBUS 1,744
JAMES PATERSON HUNTER ESQ 1,040
JAMES WILLIAM ANDREW MCCRONE ESQ 3,425
JAMIE BRIN THOMPSON ESQ 690
JAMIE LOMAX ESQ 500
JAMIE ROBERT ADCOCK ESQ 768
JASON HENRY GOULDING ESQ 2,000
JASON JOHN COAN ESQ 741
JASON MARK EVELEIGH ESQ 702
JASON MIN KWONG CHOW ESQ 568
JASWINDER SINGH SAGOO ESQ 1,466
JD SPORTS FASHION PLC 25,058,100
JEFFERY DAVIS ESQ 450
JEFFREY TAYLOR 500
JEFFREY WILLIAM SEDDON ESQ 8,000
JEREMY BERTRAM GORDON TARRANT ESQ 60,000
JEREMY FELIX DISLEY ESQ 775
JEREMY KAM WAH YAU ESQ 2,560
JIM NOMINEES LIMITED 262,494
JOHN ALAN WARD ESQ 272
JOHN ANTHONY SIMON ESQ 280
JOHN ARCHIBALD WILSON ESQ 1,200
JOHN BARNABAS BARRETT ESQ 7,482
JOHN BELTON HALL ESQ 2,810
JOHN BRIAN RANNARD ESQ 41
JOHN BRUCE GRAY ESQ 620
JOHN CHARLES RHODES ESQ 1,000
JOHN CHRISTOPHER RYAN ESQ 1,096
JOHN COULL MCLEMAN ESQ 228
JOHN DAVID GREENWOOD 423,928
JOHN DAVID GREENWOOD ESQ 498,531
JOHN DUNN ESQ 500
JOHN EDWARD ATKINS ESQ 3,000
JOHN EDWARD SMITH ESQ 399
JOHN EDWARD SYMONS ESQ 1,100
JOHN EDWARD WOODHEAD ESQ 100,000
JOHN FORREST HUNT ESQ 1,600
JOHN FREDERICK HART ESQ 500
JOHN GILBERT GIRDWOOD ESQ 1,000
JOHN HAMMOND ESQ 239
JOHN HENRY DIAPER ESQ 100,000
JOHN HENRY RAINFORD ESQ 936
JOHN HICKMAN ESQ 1,000
JOHN HILTON DUNCALF ESQ 1,000
JOHN HOWARD NEWBURY ESQ 114,988
JOHN JAMES WILLIAMSON ESQ 7,600
JOHN JOSEPH HITCHEN ESQ 61,829
JOHN KIRBY TAYLOR ESQ 2,600
JOHN LESLIE BERRY ESQ 10,248
JOHN MCGARVEY ESQ 1,000
JOHN MICHAEL PALMER HORSLEY FCA 2,000
JOHN NORMAN COAN ESQ 3,570
JOHN PHILIP GREENSLADE ESQ 270
JOHN PILLAI ESQ 920
JOHN ROBERT WINFIELD ESQ 1,918
JOHN SCOTT SMITH ESQ 2,000
JOHN STANLEY ECKERSLEY ESQ 1,000
JOHN STEPHEN BRADDICK ESQ 2,053
JOHN STUART TURNER ESQ 3,280
JOHN TAYLOR ESQ 760
JOHN VERNON DAY ESQ 384
JOHN WILLIAM FORD ESQ 250
JOHNATHAN WILSON ESQ 214
JONATHAN HARDACRE ESQ 8,629
JONATHAN MORRISH ESQ 20,335
JONATHAN SIMON LEWIS ESQ 1,065
JONATHON FEWSTER ESQ 200
JOSEPH CRANE ESQ 506
JULIAN EDWARD SMIGA ESQ 800
KANU BHAGWAN PATEL ESQ 200
KATE JARTO 1,200
KAUPTHING SINGER & FRIEDLANDER LTD 7,072,405
KAY ROLLINS ESQ 1,024
KEITH FREDERICK MAKIN ESQ 566
KEITH SIMON ELLIS ESQ 1,500
KENNETH BAXTER GRAY ESQ 1,000
KENNETH BRADLEY ESQ 2,728
KENNETH CROFT ESQ 288
KENNETH DAVID GROVE ESQ 573
KENNETH FRANCIS COLVERT ESQ 788
KENNETH GEORGE JONES ESQ 3,000
KENNETH GRANT BRODIE ESQ 26,000
KENNETH MOORE ESQ 300
KENNETH NORMAN LEECH ESQ 1,200
KESTON PARK SECURITIES LIMITED 1,359
KEVIN NIGEL BLAKELEY ESQ 600
KEVIN RICHARD WARD ESQ 910
KEVIN SHEPHERD ESQ 681
KEVIN WHITE ESQ 1,024
KIM MARTIN JORDAN LEWISON ESQ 410
KIN CHUNG WONG ESQ 6
KIRPAL SINGH BASSI ESQ 5,000
KRIS JOHN RADLINSKI ESQ 119,101
KYRIACOS KYRIACOU ESQ 770
L R NOMINEES LIMITED 4,176,517
LADY LYNNE CHRISTINA MORRISON 20,000
LANDSBANKI ISLANDS HF 200,000
LEE DANIEL COLE ESQ 490
LEON ALLAN KAITIFF ESQ 1,250
LEONARD PHILPOTT ESQ 360
LESLIE BROTHERS (FINANCIAL 1,450
LESLIE COLIN KING ESQ 852
LESLIE RONALD MILLER ESQ 1,000
LIAM CAMPION - FARM STRUCTURES 1,500
LION NOMINEES LIMITED 1,500
LIONEL RUPERT DAVEY ESQ 10,000
LITTLEDOWN NOMINEES LIMITED 7,440
LLOYDS BANK (PEP NOMINEES) LIMITED 32,634
LYNCHWOOD NOMINEES LIMITED 2,153,982
M/S CATHERINE RUTH HAWLEY 264
MAHESH BODALIA ESQ 2,300
MAHESH CHAUHAN ESQ 800
MAJOR ROBERT GERARD CLUTTERBUCK 60
MALCOLM JOHN METCALFE ESQ 300
MARIAN ENE ESQ 600
MARK ANDREW STEVENS ESQ 300
MARK ASPINALL ESQ 4,000
MARK BAKER ESQ 2,500
MARK CHRISTIAN SANDERSON ESQ 50
MARK CRITCHLOW ESQ 1,065
MARK HARRISON ESQ 3,132
MARK RICHARD ESQ 17,540
MARK WILLIAM HARROP ESQ 400
MARTIN ANDREW SMITH ESQ 261
MARTIN ANDREW SPENCER WINTER ESQ 2,300
MARTIN HALL ESQ 502
MARTIN HENRY WOODHEAD ESQ 358
MARTIN JOHN CRIPPS ESQ 624
MARTIN NEIL BLYTHE ESQ 186
MATADOR INVESTMENTS LIMITED 300
MAURICE JOHN WILLIAM HASTIE ESQ 59,250
MAX DUFFIELD ESQ 468
MAX WATSON ESQ 400
MAXWELL LEASING LIMITED 6,000
MERRILL LYNCH INTERNATIONAL 23
MERRION STOCKBROKERS NOMINEE 4,000
MERVYN LESLIE TAYLOR ESQ 1,500
MICHAEL ADAM SCOTT ESQ 136
MICHAEL BURDEN ESQ 8,500
MICHAEL CHARLES BEE ESQ 3,000
MICHAEL CROWTHER ESQ 500
MICHAEL DICKERSON ESQ 604
MICHAEL GLEED ESQ 1,000
MICHAEL GOUGH ESQ 400
MICHAEL HRYWNIAK ESQ 200
MICHAEL HUGH LLYWELYN-JONES ESQ 319
MICHAEL JACKSON ESQ 1,000
MICHAEL JAMES MITCHELL ESQ 1,000
MICHAEL JOHN NOURSE ESQ 500
MICHAEL JOHN SHARKEY ESQ 2,389
MICHAEL JOSEPH HEAGNEY ESQ 6,500
MICHAEL KAY CREIGHTON ESQ 6,022
MICHAEL LESLIE WARNER ESQ 604
MICHAEL MEALAND ESQ 100
MICHAEL PAUL SMITH ESQ 700
MICHAEL PHILLIP ORMSTON ESQ 1,000
MICHAEL PILCHER ESQ 6,000
MICHAEL ROGERS ESQ 100,000
MICHAEL SHANE MORRIS ESQ 1,970
MICHAEL STEPHEN FAZACKERLEY ESQ 3,000
MICHAEL SUMNER WILSON ESQ 2,000
MICHAEL WILLIAM COOKSON ESQ 872
MICHEAL HEADLEY DUTTON ESQ 320
MIKE HARPER ESQ 117
MISS AGNES D'SOUZA 1,166
MISS ALISON ADIE 400
MISS ALISON MARGARET JONES 516
MISS AMANDA CAROL BROWN 256
MISS AMANDA JANE CASHMORE 2,500
MISS ANN PROTHEROE 200
MISS ANN-MARIE JULIA MAKEPEACE 300
MISS ANN-MARIE LINDSAY 6,523
MISS BARBARA MURIEL BOGUE 200
MISS BARBARA RIMMER 6,740
MISS CATHERINE ANN ROBERTS 2,960
MISS CATHERINE ANNE KERR RAFFERTY 6,000
MISS CHARLOTTE JANE FENTON 1,000
MISS CHRISTINE HARROD 266
MISS CHRISTINE MARGARET GEE 434
MISS CHRISTINE MARSHALL 350
MISS CLARISSA JANET ELIZABETH CAROE 4,000
MISS CORRINA NICHOLS 1,470
MISS DAWN SEFTON 10,845
MISS DEBORAH RAFTERY 20
MISS DEE ANNE EMBERSON 450
MISS DIANA RUTH CLARIDGE 366
MISS DIANNE LORRAINE CLARKE 750
MISS DOREEN ANTONIA WHITEHOUSE 3,000
MISS DORIS ROWE 256
MISS DRUSILLA MARGARET JOYCE 161
MISS ELIZABETH ANN STEWARDSON 520
MISS EMMA ATHERTON 3,012
MISS FELICIANA FERNANDES 500
MISS FIONA ANNE MACCALLUM 50
MISS FRANCES MARGARET BAKER 600
MISS GEORGIA ANN LOUISE THOMPSON 703
MISS GILL PARRY 19,697
MISS GILLIAN BOWDEN 880
MISS GILLIAN ROSEMARY SUTTON 689
MISS HARRIET WARE 185
MISS HELEN WATKINSON 8,684
MISS ISABEL DEWAR WALKINGSHAW 500
MISS JADRANKA MAROS 2,000
MISS JANE KIPPAX 2,000
MISS JANE MARIE MARKS 44
MISS JANE SUMNER 2,000
MISS JAYNE LOUISE SINGLETON 230
MISS JAYNE REBECCA STREET 2,400
MISS JENNIFER SUSAN MANN 750
MISS JOANNE CURRIE 28,691
MISS JOANNE DAVIDSON TONNER 40
MISS JOYCE GLEDHILL 2,000
MISS JULIA CHRISTIAN GOFF 2,000
MISS JULIE ANN DAVIES 154
MISS JULIE MARIE UPTON 660
MISS JULIE O'LEARY 5,000
MISS KAREN JEAN PAINE 519
MISS KAREN PARISH 72
MISS KATHY NICHOLLS 29,758
MISS KELLY LOUISE ARNOLD 2,000
MISS KERRY BRINSLEY 298
MISS LIA SAMBUCCI 190
MISS LINDA ELIZABETH CRAIG 50
MISS LINDA MARGARET TOTTEM 468
MISS LOUISE MICHELLE DAVEY 600
MISS MARGARET ELIZABETH MAITLAND 12,894
MISS MARGARET KENNY 307
MISS MARIA SUZANNE TOWNSHEND 8
MISS MARIE LOUISE MCDOWELL 243
MISS MARILYN HELEN LANE 3,000
MISS MARIOTA VIVIEN KITTERMASTER 1,280
MISS MARTINA MARIE MCKENZIE 200
MISS MARY CLAREY 500
MISS MAUREEN MOLLOY 120
MISS MAXINE JEAN MITCHELL 70
MISS MEGAN ROBERTS 180
MISS MICHELLE DUCKWORTH 5,767
MISS MONIKA JANSONS 102
MISS MOYINOLUWA OLUBUNMI ADENUGA 800
MISS NADINE ELISE SHEPPARD 213
MISS NANCY SHIONA ROBERTS 520
MISS NATASHA MCFARLANE 2,240
MISS NICHOLA JAYNE LYNCH 12,135
MISS NICOLA THOMPSON 250
MISS NINA MARIAN SHARE POWYS 762
MISS OONAGH JEANETTE CORLETT 17
MISS PATRICIA ELAINE TOMLINSON 1,100
MISS PATRICIA MARY WILLIAMS 500
MISS RACHEL WHITTLE 1,000
MISS REBECCA DOE 298
MISS REBECCA JANE RABY 20
MISS SALLY LAWSON 1,232
MISS SAMRA BINAT-IQBAL 102
MISS SANDRA BELITA JACKSON 100
MISS SANDRA YALLOP 800
MISS SARAH HELEN WALKER 600
MISS SARAH IRIS GRAHAM 700
MISS SARAH LOUISE HOLMES 550
MISS SEEMA ALI 420
MISS SHEILA JUNE LYON 1,989
MISS SIAN EIRIAN EVANS 100
MISS STELLA EVELYN MITCHELL 300
MISS STEPHANIE EVANGLINE HALL 426
MISS SUIKUEN MUI 6,000
MISS SYLVIA ADAMSON 6,396
MISS TRACEY ANN HULL 6,329
MISS URSULA MARGARET JONES 200
MISS VALERIE PAULING 1,000
MISS VALERIE SHIRLEY RODWELL 192
MISS VANESSA PARNELL 376
MISS VICTORIA AUDREY COX 390
MISS YUK YING HO 1,000
MISS ZULEIKHA BHAIYAT 4,000
MORSTAN NOMINEES LIMITED 8,992
MR ABDUL RASHID 10,468
MR ABDUL SHEIKH WAHEED 123
MR ABDULMALIK ATTA 196
MR ABDURREZAGH MILAD ESILINI 11,000
MR ABOBAKER GRATEM 5,000
MR ABRAHAM OMAR MUFTAH FANOUSH 2,661
MR ADAM JOHN CRITCHLEY 26
MR ADAM WHITEHOUSE 40,872
MR ADEBOLA TOKUNBO EGUNJOBI 126
MR ADRIAN LESTER 1,042
MR ADRIAN WILLIAM BROOKS 530
MR AKINDE FALOLA 3,970
MR ALAN ARTHUR STEPHENSON 2,290
MR ALAN ATHOL EMSLIE BENZIE 16,000
MR ALAN BELL 3,000
MR ALAN CORFIELD 529
MR ALAN DAVID DELANEY 200
MR ALAN FREDERICK GREY 5,000
MR ALAN GOOCH 560
MR ALAN GUDGEON 200
MR ALAN KITCHING 3,348
MR ALAN LENAGAN 350
MR ALAN LESLIE FARR 50,000
MR ALAN LESLIE JONES 287
MR ALAN MILES 602
MR ALAN MUIR 639
MR ALAN PARKINSON 1,119
MR ALAN PAUL GALLOWAY 40,822
MR ALAN THOMAS MARTINDALE 9,000
MR ALAN WEBB 1,878
MR ALAN WIDDOWSON 1,000
MR ALASTAIR CALDWELL BROWN 40,000
135
MR ALASTAIR ROBERT MCCLELLAND 150
MR ALBERT ERNEST GRADWELL 1,079
MR ALEC GEORGE BRADLEY 2,131
MR ALEC WORRAKER 109,459
MR ALEX ZOKA 1,040
MR ALEXANDER GRAHAM 2,600
MR ALFRED EDWARD GRIFFITHS 2,000
MR ALFRED JOHN CHARLES HODSON FCCA 205
MR ALISTAIR JAMES YOUNG 600
MR ALISTAIR MCNAE 692
MR ALLAN ARTHUR MOORE 912
MR ALLAN BRIAN DURNFORD 406
MR ALLAN CRITCHLEY 639
MR ALLAN LIVINGSTONE KIRSOP 800
MR ALLAN PIERRE SOINNE 22,727
MR ALLAN THOMAS HILL 1,000
MR AMEER OOSMAN 500
MR AMIRAM GICELTER 4,199
MR AMRIT SINGH DHILLON 11,160
MR ANAND HARISHCHANDRA LIMBACHIA 300
MR ANDREW ALLAN 500
MR ANDREW BENJAMIN BROADBENT 232
MR ANDREW CLIFFORD FORD 6
MR ANDREW EGERTON HUNTER 478
MR ANDREW FRANCIS RIDDLE 2
MR ANDREW FREDERICK OVERTON 19,654
MR ANDREW HODGES 300
MR ANDREW JOHN SOLLY 586
MR ANDREW KINGSTON 300
MR ANDREW LYALL TULLEY 532
MR ANDREW MALCHER 51,313
MR ANDREW MARTIN 334
MR ANDREW PHILIP MEESE 30
MR ANDREW PHILLIP CLARK 30
MR ANDREW RICHARD MARTIN 1,250
MR ANDREW SYDNEY CLEGG 500
MR ANDREW TABERNER 1,000
MR ANDREW TYSON 70
MR ANDREW WAYNE CUBBINS 3,806
MR ANDREW WILLIAM ALLAN 400
MR ANDREW WILLIAM BARRETT 200
MR ANTHONY BROWN 532
MR ANTHONY BURGIN 215
MR ANTHONY CHARLES DALY 3,640
MR ANTHONY CHARLES LEWIS 756
MR ANTHONY EASTWOOD 6,969
MR ANTHONY EDWARD MARTIN 266
MR ANTHONY EDWIN PHILLIPS 540
MR ANTHONY FRANCIS TWIST 200
MR ANTHONY GERARD THORNTON 8,000
MR ANTHONY HAYES 2,254
MR ANTHONY JAMES WILLIS 512
MR ANTHONY JOHN CRESSWELL 639
MR ANTHONY LIONEL JOHN WILSON 26
MR ANTHONY MARK JOHN NOWACKI 1,000
MR ANTHONY PHILIP AYLWIN 539
MR ANTHONY UNSWORTH 2,000
MR ANTHONY VINCENT HIDEN PYM 1,500
MR ANTONY WALTER CURZONS 1,052
MR ANWAR SAID KAID 100
MR ANWAR UDDIN 8,547
MR ARNOLD ROBINSON 20,000
MR ARTHUR CHARLES FRESHWATER 400
MR ARTHUR CRYLE 1,735
MR ARTHUR ROBERT BABB 10,000
MR ARTHUR WYN ROWLANDS 614
MR ASHLEY JOHN CUSHION 700
MR ASHLEY WILDING 3,397
MR ASIF INDAWALA 3,308
MR AUBREY KENNETH ELLIOTT 1,000
MR AUSTEN MOORE 11,000
MR AZMAT AZIM TAMIMI 150
MR BAHGAT ADLY GIRGIS 4,099
MR BAJINDER DEOL 1,000
MR BALBIR SINGH AULAKH 1,065
MR BARRIE DALE 300
MR BARRIE PETER JARVIS 274
MR BARRINGTON HARVEY 106
MR BARRY BATTLE 1,172
MR BARRY CHARLES RUSSELL 1,000
MR BARRY EVANS 4,000
MR BARRY MELVILLE MARKS 1,000
MR BARRY PHILLIP BUTTIGIEG 80
MR BARRY WILLIAM FORSYTH 18,798
MR BERNARD ALDRIDGE DUGGAN 1,610
MR BERNARD BRIAN SHELMERDINE 1,065
MR BERNARD CHRISTOPHER LLOYD 112,500
MR BERNARD GEORGE SEARS 151
MR BERNARD JOSEPH MCMANUS 1,016
MR BERNARD MICHAEL HOWARD 612
MR BERNARD MICHAEL ROTHWELL 362
MR BERT DAWSON 312
MR BHAGWANJI MOHANLAL RAJA 4,000
MR BILL ANTILL 103
MR BILLAL JAMIL 56
MR BING CHONG 1,000
MR BRADLEY GROVES 37,735
MR BRIAN ANTHONY JAMES MAYHEW 655
MR BRIAN ARTHUR LEE 818
MR BRIAN CEDRICK HARRIS 256
MR BRIAN CONRAD LAURENCE DAWES 200
MR BRIAN DAVID SMITH 500
MR BRIAN GEOFFREY HAMMOND 1,000
MR BRIAN GRACE 500
MR BRIAN HURST 1,358
MR BRIAN MACE 1,836
MR BRIAN MEDLEY 24,400
MR BRIAN WORLOCK 200
MR BRUCE CHARLES MAYHEW 2,000
MR BRUCE GEORGE KNIGHT 324
MR BRUCE SANDILANDS COBBETT 123
MR BRUCE WOODROW JAMIESON 1,026
MR BRYAN DEANS 2,000
MR BRYAN MATTHEWS 164
MR BRYCE JAMES GALBRAITH 4,000
MR CARL HIGHAM 370
MR CARL SHAW 600
MR CECIL ROBERT HAMILTON HINTON 973
MR CHANDICA PERSAUD 1,404
MR CHARLES HARRY DICKINSON 4,000
MR CHARLES NEIL ANDERSON 1,300
MR CHARLES TERRY KEITH 3,000
MR CHARLES WILLIAM PLANT 721
MR CHARLES YATES 2,033
MR CHRIS GATWARD 8,817
MR CHRISTOPHER ARUN MATTHEW COOKE 4
MR CHRISTOPHER CHARLES BUTTERS 614
MR CHRISTOPHER DOCHERTY 1,001
MR CHRISTOPHER HEATH 4,950
MR CHRISTOPHER HOWARD CLARKE 213
MR CHRISTOPHER JEMMISON EVANS 2,000
MR CHRISTOPHER JOHN DRAKE 2,600
MR CHRISTOPHER JOHN HARWOOD 222
MR CHRISTOPHER JOHN MCGARRY 106
MR CHRISTOPHER JOHN RICHARDSON 6,622
MR CHRISTOPHER KNIGHT 1,353
MR CHRISTOPHER MARK IRESON 10,000
MR CHRISTOPHER MARK MOORCROFT 20
MR CHRISTOPHER MARTIN HAYDEN 213
MR CHRISTOPHER MAXWELL BROADBENT 228
MR CHRISTOPHER MELLING 4,894
MR CHRISTOPHER ROY BURTON 250
MR CHRISTOPHER SKELTON 138
MR CHRISTOPHER TINSON 50
MR CHRISTOPHER WILLIAM GIBSON 1
MR CHUNG KHOON FOO 1,000
MR CLARENCE GRENVILLE INNISS 204
MR CLIFFORD ATHERTON DAVIES 826
MR CLIFFORD DENNIS CLARK 1,500
MR CLIFFORD FAIRHURST 486
MR CLIVE ANTONY CLOUGH 500
MR CLIVE ARTHUR ALLAN SLATER 12
MR CLIVE DAVID HARKNETT 25,000
MR CLIVE MALCOLM REES 40
MR CLIVE MARSH 818
MR COLIN FOSTER 3,120
MR COLIN GERRARD 5,000
MR COLIN JOHN PARKER 213
MR COLIN MARK BRAITHWAITE 376
MR COLIN MICHAEL WEIGHT 100
MR COLIN RICHARD BUTTERY 1,200
MR COLIN VALE EDWARDS 2,000
MR CONOR MAGUIRE 5,124
MR CORMAC GOSS 19,566
MR CORNELIUS QUINLAN 5,000
MR CRAIG PARR 1,674
MR CRAIG THOMAS KRUPINSKI 9,905
MR CYRIL BLACKMAN 300
MR DAMIAN WRIGLEY 3,275
MR DAN JACOBSON 250
MR DANIEL BULL-PACKER 4,615
MR DANNY AL RICKABY 200
MR DARREN ALLAN PARISH 554
MR DARREN GEORGE NORFOLK 200
MR DARREN HARVEY 9,504
MR DARREN JOHN MOODY 100
MR DARREN MARK ASHBY 1,065
MR DAVID ALEXANDER LAMB 3,500
MR DAVID ANDREW ENTICKNAP 110
MR DAVID ANTHONY STRETTON 148
MR DAVID ANTONY SMITH 104
MR DAVID BARKER 269
MR DAVID BELLIN STOCKLEY 500
MR DAVID BOWKER 426
MR DAVID BRYAN CAVILL 500
MR DAVID COOPER 266
MR DAVID CYRIL SILVERSTONE 500
MR DAVID DUDMAN 319
MR DAVID FREDERICK MILLER 500
MR DAVID GEORGE SMITH 174
MR DAVID GEORGE VARLEY 452
MR DAVID GEORGE WILSON 8,500
MR DAVID GREENWOOD 300
MR DAVID HADFIELD 1,002
MR DAVID HELM 18,000
MR DAVID HOWGATE 266
MR DAVID IAN LEE 120
MR DAVID JAMES DUCKWORTH 1,556
MR DAVID JAMES REAY 162
MR DAVID JOHN ABSOLON 5,000
MR DAVID JOHN ALBERT LEWIN 3,433
MR DAVID JOHN DEARNLEY 428
MR DAVID JOHN DEAVILLE 2,000
MR DAVID JOHN HOOPER 1,237
MR DAVID JOHN JUMP 394
MR DAVID JOHN NELSON 3,177
MR DAVID JOHN STRINGER 1,500
MR DAVID JOHN TERRY LOREN WIMBLEDON 20,000
MR DAVID JOHN VOSS 468
MR DAVID JOHN WATKINS 670
MR DAVID JONATHAN DENIS 100
MR DAVID KEVIN BENNETT 408
MR DAVID LACK 300
MR DAVID LEACH 1,000
MR DAVID LLEWELLYN WILLIAMS 2,728
MR DAVID LLOYD DENMAN 278
MR DAVID MICHAEL DREW 1,065
MR DAVID MICHAEL O'TOOLE 2,049
MR DAVID MOLLOY 6,929
MR DAVID PAYNE 575
MR DAVID PHILLIP WHITWORTH 10,000
MR DAVID RHYS-VIVIAN 200
MR DAVID RICHARD FOSTER 409
MR DAVID ROBERT MOSS 22,623
MR DAVID ROBERT PATTISON 340
MR DAVID ROBERT SNEDKER 222
MR DAVID ROBERT TINSON 3,559
MR DAVID ROBERTSON 340
MR DAVID SAMPSON 2,500
MR DAVID STOCKER 1,000
MR DAVID VINCENT BURDEN 1,279
MR DAVID WILLIAM HUGO 464
MR DAVID WILLIAM MORGAN 280
MR DAVID WINSTANLEY 948
MR DEAN CHETTY 416
MR DECLAN PATRICK GIBLIN 50
MR DENNIS ABRAHAM 700
MR DENNIS WARD 800
MR DEREK CHARLES SMITH 1,000
MR DEREK HUMPHREYS 109,349
MR DEREK JOHN OLIVER 102
MR DEREK MARK ALAN HUMPHREYS 1,752
MR DEREK RAYMOND KING 53
MR DEREK WILLIAMS 500
MR DERIC JOHN DAVIES 1,156
MR DERRICK CHRISTOPHER BATTY 1,000
MR DESMOND BROOKFIELD 6,559
MR DESMOND DAVID BERSEY 692
MR DESMOND RAYNER 1,537
MR DESMOND WILLIAM MERRILL 558
MR DHANJI KANSAN JETHA 1,024
MR DONALD JOHN IKIN 520
MR DOUGLAS KYNOCH 5,110
MR DOUGLAS PICKLES 2,000
MR DUNCAN JOSEPH BELL 200
MR DUNCAN PATRICK FORBES 555
MR DUNCAN SHERWOOD 1,000
MR DYLAN AP GERAINT WILLIAMS 2,800
MR EDWARD ALEJOS 176
MR EDWARD ANDREW MORRISON 256
MR EDWARD CARTER 2,000
MR EDWARD DOUGLASS 354
MR EDWARD HENRY JONES 6,000
MR EDWARD JAMES MULLEN 8,358
MR EDWARD JAMES SIMKISS 3,638
MR EDWARD RENNIE 144
MR EDWARD THOMAS HALL 3,000
MR ERIC CADWALLADER 1,124
MR ERIC JAMES BARDSLEY 400
MR ERIC WILLIAM SHORT 1,000
MR ERIC WILSON 160
MR ERNEST ALBERT EDWARDS 379
MR ERNEST BLOWER 500
MR ERNEST JOHN WILCOX 2,000
MR ERNEST JOHN YATES 40,500
MR ERNEST YATES 60,500
MR ERROL LAING 2,000
MR FARID TAHER SACHAK 111
MR FORBES MCCALLUM 800
MR FRANCIS FORSHAW 6,802
MR FRANCIS JEFFREY MALONEY 200
MR FRANK DENIS BROWN 600
MR FRANK HATTON 200
MR FRANK HILTON 700
MR FRANK LIVINGSTONE 2,270
MR FRANK MCLOUGHLIN 1
MR FRANK RAWCLIFFE 133
MR FRANK WALLACE 240
MR FRANK WARD 573
MR FRANK WINTERBOTTOM 2,049
MR FREDERICK BRYAN ELLIS 748
MR FREDERICK DACOSTA SPRINGER 430
MR FREDERICK FRANCIS GEORGE BARROW 594
MR FREDERICK GEOFFREY LEWIS 1,000
MR FREDRIK KURT FORREST 10,255
MR GARETH JOHN ROOK 360
MR GARETH RHYS JENKINS 588
MR GARETH ROOK 640
MR GARETH WATTS 600
MR GARRY RICHARD KING 10,000
MR GARY BERRY 1,000
MR GARY KENT DOWNES 71
MR GARY LEIGH RISHTON 18,108
MR GARY MICHAEL EDGAR 500
MR GARY WALSH 300
MR GAVIN DOUGLAS SAVAGE 1,250
MR GAVIN JAMES THOMAS STEWART 200
MR GAVIN JOHN WALKER 600
MR GAVIN WILLIAM KAYE 2,000
MR GELMO MARCHETTA 40,000
MR GEOFFREY BERNARD ALDRIDGE 980
MR GEOFFREY ELLIS 15,647
MR GEOFFREY HUGHES 524
MR GEOFFREY LLOYD ALKER 418
MR GEOFFREY SHRYHANE 2,800
MR GEOFFREY WALLINGTON 768
MR GEORGE ANTHONY RICE 4,000
MR GEORGE EDMOND NICHOL 532
MR GEORGE FINNEGAN 2,000
MR GEORGE JOSEPH CLARK 4,628
MR GEORGE LESLIE MILLER 400
MR GEORGE MANDARACAS 3,270
MR GEORGE SPIKINGS JOHNSON 1,000
MR GEORGE WILLIAM BARLOW 1,280
MR GEORGE WILLIAM RATCLIFFE 120
MR GERAINT ADAM 386
MR GERAINT WYN JONES 1,000
MR GERALD DAVID BOURNE 1,600
MR GERALD DAVIES 5,825
MR GERARD FLYNN 228
MR GILBERT ROWLINSON 3,009
MR GILES JOHN OPIE 330
MR GIOVANNI JOHN SARTORI 4,000
MR GLEN JOHN PARKER 358
MR GLYN WILLIAM BLACKLEDGE 515
MR GODFREY MAXWELL CAUNCE 850
MR GORDON CLARK 1
MR GORDON HAGGART 3,000
MR GORDON HYDE-PRICE 87
MR GORDON MAIR 1,273
MR GORDON MCAUSLAND 18
MR GORDON ROGER WALTERS 1,000
MR GORDON THOMAS KAYE 2,000
MR GORDON WAREING 10,000
MR GRAEME HOPKINS 440
MR GRAEME MUNRO BRICE 5,000
MR GRAHAM CHRISTOPHER PERRY 2,020
MR GRAHAM DAVID SHAW 35
136
MR GRAHAM ELLIS NELSON 2,000
MR GRAHAM HENRY THATCHER 800
MR GRAHAM JOHN MAKEPEACE 178
MR GRAHAM JOHN PRICE 200
MR GRAHAM NIGEL HUNNEMAN 334
MR GRAHAM STEVENSON 1,024
MR GRAHAM WILLIAM RUSSELL 800
MR GUO XIANG LI 444
MR GURUDAIN SINGH CHANA 14,751
MR GUY SIMON CHARLES PETTIGREW 597
MR HAMENT PATEL 6,684
MR HAMISH ALEXANDER FORBES 148
MR HARMINDER SINGH DHANDA 1,129
MR HARRY COSTELLO 2,000
MR HARSHADRAI CHHAGANLAL PATEL 532
MR HARUN CETIN 7,978
MR HAYDER HASSAN 16,000
MR HAYDN ARNOLD GILES PARKER 1,000
MR HENRY COLLENETTE POOLE 700
MR HENRY COSTELLO 1,000
MR HENRY FORREST 3,721
MR HERBERT THOMAS KINGCOTT 2,000
MR HESSOM POSTCHI 54,500
MR HIMATLAL SUNDERJI DATTANI 624
MR HIREN PATEL 9,109
MR HIRJI HALAI 3,000
MR HOWARD BRADLEY THORPE 794
MR HOWARD GLOVER 13,586
MR HOWARD WEST 266
MR HUGH MCCUTCHEON FAULDS 1,065
MR HUGH WILLIAM JOHN TUCKER 36
MR HUSSAIN AHMED 1,032
MR HUW LLOYD JONES 4,263
MR IAIN MCMILLAN 260
MR IAN ALASTAIR KIRK 1,000
MR IAN ANDREW CLARKE 213
MR IAN ARTHUR BOLLAND 1,370
MR IAN BARNES 425,000
MR IAN BRADLEY NICHOLSON 230
MR IAN CHALMERS 102
MR IAN CHRISTOPHER YATES 22
MR IAN DAVID FINCH 14,792
MR IAN DAVID MARSHALL 894
MR IAN EDWARD JACKSON 67
MR IAN GILBERT 6,396
MR IAN JAMIESON KIRBY 11,949
MR IAN KEITH CORKE 500
MR IAN LAWRENCE HUGHES 182
MR IAN MICHAEL SMITH 500
MR IAN MONTEATH 578
MR IAN RICHARD HARRIES 3,843
MR IAN RICHARD REVELL 370
MR IAN ROBINSON 8,528
MR IAN SMITH 400
MR IAN THOMAS PARKES 1,000
MR IANN WARD 3,000
MR IMRAN AHMAD 1,000
MR IOAN BEDWYR TOMOS 75
MR ISMAIL DAYA 2,131
MR IVAN JOHN ROWE 10,000
MR IVOR HAYWARD DAVIES 213
MR IVOR JEFFREY POWELL 2,000
MR JAGDAMBA PRASAD 3,400
MR JAGDISH KRIPALANI 10,000
MR JAMES ALAN MOSS 63
MR JAMES ANDREW 17,499
MR JAMES BAXTER 5,209
MR JAMES CONNOR 5,000
MR JAMES DAVID WHEELDON 1,000
MR JAMES DICKINSON 426
MR JAMES EDWARD LANE 5,000
MR JAMES GLENCROSS SUDWORTH 500
MR JAMES HENRY MURPHY 264
MR JAMES HIGGINS 711
MR JAMES KELLMAN 600
MR JAMES MACFARLANE 4,000
MR JAMES MICHAEL STEVENS 307
MR JAMES MILTON WHITE 140
MR JAMES MURPHY 8,000
MR JAMES NICHOLAS CRACKNELL 195
MR JAMES PAUL GIBSON 213
MR JAMES PETER BARTLETT 1,000
MR JAMES RAYMOND NELSON 12,200
MR JAMES RITCHIE 1,507
MR JAMES ROBERTS 512
MR JAMES ROBERTSON 39,809
MR JAMES ROBINSON 800
MR JAMES STUART CUNLIFFE 446
MR JAMES SUMMERS 1,290
MR JAMIE DAY 1
MR JAMIE GIBB 20
MR JAMIE JON UNSWORTH 6,700
MR JANAK MASRANI 2,500
MR JARED SIMON 92
MR JASDEEP SINGH RANDHAWA 10,000
MR JASON PAUL SMITH 800
MR JASON ROBERT MOORHOUSE 2,732
MR JAYESH MAGUDIA 340
MR JEAN MARGARET WOOD 500
MR JEFFREY ALAN SMITH 2,131
MR JEFFREY GUY 7,000
MR JEFFREY HEATON 10,084
MR JEREMY CARTWRIGHT 4,780
MR JEREMY DAVID REDMAN 48
MR JEREMY DUNCAN LINDSEY 628
MR JEREMY MARIUS BRAY 1,900
MR JEREMY ROWLANDS 120
MR JOGINDER SINGH MEHAT 1,000
MR JOHN ALAN DRYSDALE 1,000
MR JOHN ALAN HILL 99
MR JOHN ALAN WILLIAM LAWRENSON 242
MR JOHN ALEXANDER TAYLOR 7,122
MR JOHN ANDREW JOHNSON 200
MR JOHN ASHURST 1,000
MR JOHN BARDSLEY 1,094
MR JOHN BATTISON 266
MR JOHN BELL 3,841
MR JOHN BELSHAW 5,000
MR JOHN BERNARD LIDDLE 1,500
MR JOHN BROOMHEAD 1,024
MR JOHN CAWTHORNE 3,000
MR JOHN CHARLES SARTAIN 490
MR JOHN CYRIL LIGHTFOOT 2,560
MR JOHN DAVID COWBURN 235
MR JOHN DAVID SALMON 9,500
MR JOHN DAVID WATKINSON 11,055
MR JOHN DAVIS 1,172
MR JOHN DELLAM BLACKBURN 2
MR JOHN DONALD HODGKINSON 901
MR JOHN DOWD 500
MR JOHN EDWARD DILLEY 1,400
MR JOHN EDWARD LEAVER 213
MR JOHN EDWARD NOON 3,659
MR JOHN ERNEST HUNT 3,074
MR JOHN FINNEMORE 208
MR JOHN FLETCHER 10,000
MR JOHN FRANCIS DAUBER 126
MR JOHN FRANCIS POLLARD 5,000
MR JOHN FREDERICK COLLIS 32
MR JOHN FREDERICK DIMMOCK 222
MR JOHN FREDERICK HART 1,045
MR JOHN FREDERICK LAYTON 1,000
MR JOHN FRIDGE HOSKINS 2,000
MR JOHN GAFFNEY 2,000
MR JOHN GILBERT ENTWISTLE 467
MR JOHN GOULDING 849
MR JOHN GRACE 500
MR JOHN GRAHAM HARTGA 106
MR JOHN GRANVILLE MYERS 5,027
MR JOHN HAWORTH MARSHALSEA 2,000
MR JOHN HENRY HOWELL 520
MR JOHN HOLDEN 1,000
MR JOHN HOLLIS 1,000
MR JOHN HOWARD LEWIS 869
MR JOHN HUGH SANDLAND 838
MR JOHN IVESON 1,000
MR JOHN JACKMANN BENNETT 500
MR JOHN JONES 4,021
MR JOHN JOSEPH DUNN 75
MR JOHN KEITH WILSON 200
MR JOHN LAWLOR 6,836
MR JOHN LEASK 1,000
MR JOHN LEE 1,182
MR JOHN LEVON AJDERIAN 2,049
MR JOHN MCGRATH 230
MR JOHN MICHAEL TILLEY 200
MR JOHN MURRAY 1,000
MR JOHN NIGEL PITFIELD 400
MR JOHN O'DONNELL 825
MR JOHN PETER DAVENPORT 360
MR JOHN RICHARD GREEN 100
MR JOHN ROYSTON NICHOLLS 208
MR JOHN SAMUEL EVANS 1,024
MR JOHN SCOLLEN 3,290
MR JOHN SIMPSON DENT 800
MR JOHN STOWER HEWETT 2,916
MR JOHN WATKINSON 3,543
MR JOHN WEST 342
MR JOHN WHARRIER 1,927
MR JOHN WHITELAW 756
MR JOHN WINSTON GRAY 53
MR JOHN WORTHINGTON 10,775
MR JOHNATHAN PAUL HALLIDAY 2,637
MR JONATHAN ANTHONY PAUL ROYAN 1,750
MR JONATHAN BABB 250
MR JONATHAN CHARLES SILLS 120
MR JONATHAN JAMES MORTON 50
MR JONATHON ANDREW GREEN 260
MR JOSEPH CLARK THOMPSON 1,000
MR JOSEPH DEREK GROOM 3,225
MR JOSEPH GILLIES 6,700
MR JOSEPH MACHARIA MOHUHI 2,000
MR JOSEPH MARTIN 10,193
MR JOSEPH MCQUADE 800
MR JOSEPH NORMAN SKELLY 655
MR JOSEPH TOMKINSON 2,000
MR JOSHUA SIMON CHATER 562
MR JULIUS OLUSEGUN ALONGE 50
MR KA SHEUNG LAM 2,000
MR KARL PHILIP BEARD 1,000
MR KARL STUART LOMAX 5,000
MR KEITH BOWMAN 250
MR KEITH DALTON 1,000
MR KEITH GRAHAM HUNT ESQ 700
MR KEITH HARRISON 2,500
MR KEITH JOHN BALDRY 1,184
MR KEITH JOHN FISHER 100
MR KEITH JOHN METCALF 1,512
MR KEITH JOHNSON 750
MR KEITH LEIGHTON DAVIES 290
MR KEITH MORGAN WILLIS 4,346
MR KEITH RAYMOND POLLARD 384
MR KENNETH ALEXANDER HARVEY 28,000
MR KENNETH ARNOLD GREEN 703
MR KENNETH EDWARD STAPLES 8,000
MR KENNETH GEORGE STUBBS 450
MR KENNETH GRAHAM JONES 709
MR KENNETH GRANT BRODIE 20,000
MR KENNETH JOHN ALDERSON 14,388
MR KENNETH JOHN BULLEN 400
MR KENNETH JONES 301
MR KENNETH MALCOLM 1
MR KENNETH RAYMOND ALLEN 637
MR KENNETH THOMAS KENNEDY 195
MR KENNETH WILLIAM CARLISLE 2,131
MR KEVIN BRADFORD 20,000
MR KEVIN JOHN SAWKO 1,195
MR KEVIN LASKEY 204
MR KEVIN PATRICK CORLEY 200
MR KEVIN PETER MUDDOCK 2,000
MR KEVIN PETER MURPHY 200
MR KEVIN STUART JACKSON 600
MR KEVIN STUART ROBERTSON 30,000
MR KEVIN WEBSTER 5,000
MR KHALID MILAD ABUZARIBA 5,000
MR KIERAN SALISBURY 10
MR KIN CHING WONG 9
MR KINGSLEY GEORGE CLIFFORD 2,131
MR LAWRENCE DODDS 5,000
MR LAWRENCE EMMANUEL PACE 3,519
MR LAWRENCE STUART JACKSON 100
MR LAXMAN MAHER 10,000
MR LENORD HARRY FRISBY 3,720
MR LEON NATHAN YAFFIE 5,000
MR LEONARD CHARLES GIBSON 15,478
MR LEONARD ERNEST RICHARDS 1,024
MR LEONARD FRANK JARVIS 1,065
MR LEONARD GEORGE SCRUTTON 2,000
MR LEONARD REDMAYNE 1,000
MR LESLIE HENSON-TYRES 300
MR LESLIE WILLIAM BOOTH 1,024
MR LESTER WILLIAM NORBURY 208
MR LIAM WARD 2
MR LINTON PATRICK MCFARLANE 843
MR LLOYD DICKINSON 980
MR LOUIS NEWTON TUCKER 6,000
MR LOUIS VOLANTE 1,000
MR LUAY BALKER 1
MR MAATI PALLAS 3,859
MR MAHESH PATEL 2,000
MR MAHMUT EREN MUSTAFA 38
MR MALCOLM HISOM 2,000
MR MALCOLM OXLEY 500
MR MANJIT SINGH CHEEMA 213
MR MARK ALAN TUDOR 200
MR MARK ANDREW WILLIAMS 213
MR MARK DAVID EVANS 1,350
MR MARK EDEN 8,771
MR MARK FRASER 4,000
MR MARK GEOFFREY SCRUTON 5,970
MR MARK GRANGER 173
MR MARK JAMES EUSTACE 532
MR MARK LATHAM 200
MR MARK MARMOY 130
MR MARK MULLANEY 3,900
MR MARK PAUL BREHENY 372
MR MARK RICHARD PYNE 155,484
MR MARK SELBY 378
MR MARK STEPHEN HAMER 124
MR MARK STEVEN MASSARELLA 1,000
MR MARK SUMMERS 800
MR MARK WHITTLE 1,000
MR MARK WILLIAM REES 6
MR MARK WILLIAM WARRIOR 72
MR MARK YEO 774
MR MARKUS RELPH 4,264
MR MARSHALL GARY WALKER 4,000
MR MARSHALL KENNETH DAGGER 1,298
MR MARTIN ANDREW GRANT 42,525
MR MARTIN BRIAN ROSBOTHAM 522
MR MARTIN FRANCIS FERRIDAY 2,250
MR MARTIN FROUDE 735
MR MARTIN GEOFFREY LAWSON 200,000
MR MARTIN JAMES WALKER 263
MR MARTIN JOHN HARDGRAVE GOODSON 512
MR MARTIN JOHN MCLOUGHLIN 7,284
MR MARTIN JOHN SMITH 215
MR MARTIN LIONEL BENTHAM 5,000
MR MARTIN MONRO 11,800
MR MARTIN SADLER 918
MR MARTIN WILSON 743
MR MARTYN JOHN LOVEJOY 414
MR MATHEW DAVID WOOD 2,150
MR MATHEW SALISBURY 10
MR MATTHEW ALEXANDER SILLS 30
MR MATTHEW ELSON 159
MR MATTHEW JAMES SHAW 346
MR MATTHEW LYONS 1,500
MR MATTHEW SIMON MARK ROBINSON 6,427
MR MATTHEW WALDRON 521
MR MAURICE AUSTIN 700
MR MAURICE CRITCHLEY 3,500
MR MAZHAR HUSSAIN 3,000
MR MEHMET FERMAN DOGAN 5,449
MR MEIRION JONES 426
MR MELVYN JOHN WILLIAMS 600
MR MICHAEL ANDREW HAYWARD 423
MR MICHAEL ANTHONY CARTER 545
MR MICHAEL ANTHONY HOTTON 750
MR MICHAEL ASHWORTH 7,000
MR MICHAEL DAVID STEFANYSZYN 1,103
MR MICHAEL DENIS CASSIDY 2,094
MR MICHAEL GERALD FINN 300
MR MICHAEL HALLIWELL 2,000
MR MICHAEL HAMMOND 50
MR MICHAEL HELLEN 1,024
MR MICHAEL HOPKINS 2,726
MR MICHAEL HYNES 149
MR MICHAEL JAMES 1,000
MR MICHAEL JOHN BUCHAN 100
MR MICHAEL JOHN EVANS 7,000
MR MICHAEL JOHN EYRE 426
MR MICHAEL JOHN HANDLEY 7,725
MR MICHAEL JOHN HIRD FOULSTON 1,800
MR MICHAEL JOHN SEDDON 1,113
MR MICHAEL JOHN STEPHENS 556
MR MICHAEL JOHN WEBB 512
MR MICHAEL KENNEDY 73,930
MR MICHAEL LACEY 16,012
MR MICHAEL LEONARD DAVIS 1,280
MR MICHAEL LYONS 12,127
MR MICHAEL MCNAMARA 21,501
MR MICHAEL PATRICK DURKIN 3,636
MR MICHAEL PATRICK O'CONNELL 545
MR MICHAEL PETER LEE 5,000
MR MICHAEL PHILIP CLARK 300
MR MICHAEL RICHARD HANNAH 30,000
MR MICHAEL RIMMER 172
137
MR MICHAEL ROBERT CHARLES 560
MR MICHAEL ROBERT EWERS 272
MR MICHAEL STUART LAWRENCE 256
MR MICHAEL TATE 1,000
MR MICHAEL THOMPSON 483
MR MICHAEL WHARAM 20,000
MR MICHAEL WILLIAMS 1,500
MR MICHAEL WIMSEY 6
MR MICHEAL MCNAMARA 15,759
MR MIKE YEOMANS 213
MR MILES BINGHAM 1,485
MR MILES HOWARD 193
MR MILES JONATHAN MURPHY 95
MR MOHAMMAD SHAIB 40,000
MR MOHAMMAD SHARIF 7,049
MR MOHAMMED ASLAM 6,000
MR MOHAMMED PARVEZ 1,365
MR MOHINDER BHARDWAJ 287
MR MOHSEN NEKOUZAD 800
MR MOZAFAR RODFAR 37,000
MR NATHAN JOHN PIPER 4,350
MR NATHAN SALISBURY 10
MR NEIL DARREN FITZPATRICK 2,223
MR NEIL DAVID PARSONS 852
MR NEIL FREDERICK PHILLIPS 200
MR NEIL HANSON 379
MR NEIL MARSHALL 200,000
MR NEVILLE BREAKSPEAR 1,000
MR NEVILLE JOHN MCWILLIAMS 200
MR NICHOLAS APOSTOLIDES 20
MR NICHOLAS CHARLES HARTOG 941
MR NICHOLAS NEWTON TUCKER 4,000
MR NICHOLAS PATTERSON WILSON 5,687
MR NICKLAUS DAVID HAMILTON 2,300
MR NIGEL CHRISTOPHER EMSON 230
MR NIGEL GOODMAN 3,499
MR NIGEL KENNY 6,800
MR NIGEL KING 676
MR NORMAN BROWN SCOTLAND JACK 2,000
MR NORMAN CHARLES PEMBERTON 876
MR NORMAN SHERRINGTON 917
MR ONKAR SINGH SAJJAN 118
MR PANKAJ PATEL 558
MR PATRICK BRENNAN 47,987
MR PATRICK JAMES DOYLE 11,363
MR PATRICK JOSEPH GREENE 3,074
MR PAUL ALEXANDER EWING 500
MR PAUL ANDREW O'NEILL 100,000
MR PAUL CAHILL 1,598
MR PAUL CHESTERMAN 1,332
MR PAUL CHRISTOPHER JULIAN STONE 201
MR PAUL COSTA 20,833
MR PAUL DAWSON 500
MR PAUL FINCH 770
MR PAUL GLEDHILL 5,842
MR PAUL GREGORY 140
MR PAUL HERBERT 3,941
MR PAUL IAN WELLS 1,260
MR PAUL LEONARD SHEEDY 2,105
MR PAUL MARSHALL 3,500
MR PAUL MICHAEL STAFFORD 820
MR PAUL MOLYNEUX 108,868
MR PAUL MONTAGUE LA PLAIN 2,000
MR PAUL MONTGOMERY 550
MR PAUL MORRIS 3
MR PAUL NICHOLAS MORRIS 1,040
MR PAUL O'BYRNE 1,000
MR PAUL PANNELL 2,438
MR PAUL PETER MURPHY 5,948
MR PAUL RIMMER 110,851
MR PAUL ROBERT FOX 30
MR PAUL RONALD LAPPIN 5,416
MR PAUL SHEPHERD 388
MR PAUL SHORE 750
MR PAUL SMITH 1,656
MR PAUL STILES 5,000
MR PAUL THOMAS QUINN 25,270
MR PAUL TREGUNNO 600
MR PAUL WILKINSON 710
MR PERCY DOUGLAS BLINKO 34
MR PETER ALAN CREAK 5,000
MR PETER ALAN ELLIOTT-GREEN 2
MR PETER ANDREW KNOWLES 7,046
MR PETER BARRY ROBINSON 500
MR PETER BELL 6
MR PETER BROOKES 4,226
MR PETER CLARK 1,152
MR PETER CORNELL 40
MR PETER DAVID MARTIN 819
MR PETER DIPLOCK 130,000
MR PETER EDWARD PUDDEFOOT 100
MR PETER EDWARD WILSON 200
MR PETER EGGLESTON 13,934
MR PETER EMERSON JONES 13,396
MR PETER FREDERICK JORDAN 532
MR PETER GEORGE BATEMAN 10,000
MR PETER GILLOTT 1,486
MR PETER GORDON REEVES 1,464
MR PETER HARDING 922
MR PETER HARLEY ANDERSON 1,000
MR PETER HARRISON 500
MR PETER HOWARD BIRD 2,000
MR PETER JAMES DICKINSON 1,632
MR PETER JAMES THOMAS BRADFIELD 20,000
MR PETER JAMES VICTOR POWELL 512
MR PETER JOHN GLOVER 3,636
MR PETER JOHN GREEN 5,000
MR PETER JOHN HOLLING 1,000
MR PETER JOHN LLOYD 640
MR PETER JOHN LUCAS 1,630
MR PETER JOHN PRESTON 2,046
MR PETER JOHN WHEATLEY 250
MR PETER JOHN WHITEHEAD 282
MR PETER LAVIS 3,179
MR PETER MCCOURT 7,481
MR PETER MICHAEL WEST-WATSON 750
MR PETER MIZZI 1,000
MR PETER RICHARD GROOM 30,562
MR PETER ROBERT HARTLEY 1,332
MR PETER ROGERSON 4,910
MR PETER RONALD 268
MR PETER ROWE 389
MR PETER SMITH 963
MR PETER SYMON BARNETT 251
MR PETER WILD 1,065
MR PETER WILLIAM BROOKES 10,000
MR PETER WILLIAM DAVIDSON BARRELL 150
MR PHILIP BIRKS 10,000
MR PHILIP DAVID GOODWIN 308
MR PHILIP EDWARD NEALE 1,375
MR PHILIP FRANCIS COSGROVE 4,000
MR PHILIP JAMES MCCULLAGH 316
MR PHILIP JOHN TIPPING 874
MR PHILIP KENNETH RUSTON 100
MR PHILIP LEWIS 1,797
MR PHILIP NELLIS 378
MR PHILIP NORMAN CROSS 340
MR PHILIP RONALD OWEN 409
MR PHILIP STEPHEN PRYKE 7,500
MR PHILIP TUCKER 620
MR PHILIPPES MICHEL CRISP 409
MR PHILLIP ADRIAN WATSON 660
MR PRAMOD UTTAMLAL 1,000
MR QUINTIN WEIR 180
MR RACHHPAL DAWETT 5,000
MR RAJINDER KARWAL 212
MR RALPH CATCHPOLE 136
MR RAM RACH PAUL JAIN 400
MR RAMESH HIRA PANKHANIA 632
MR RAMESH KUMAR GANDHI 1,598
MR RAMIN SHAMSOLAHI 200
MR RAMZI SAWISSI 6,000
MR RAYMOND ANDERSON 592
MR RAYMOND ARTHUR FIVEASH 344
MR RAYMOND BRYAN HEALD 666
MR RAYMOND FRANCIS NOY 430
MR RAYMOND FRAY STEWART 460
MR RAYMOND LINES 70
MR RAYMOND PAUL OBRIEN 1,000
MR RAYMOND WALTER BUGG 213
MR REGINALD JEFFREY FREDDY LEIGH 44
MR REX HORNBY 7,131
MR RICHARD BRIAN BARDON 236
MR RICHARD CHARLES SWEDEN 100
MR RICHARD DE SAEGER 540
MR RICHARD EAGER 830
MR RICHARD EVANS 3,431
MR RICHARD FRASER GRAINGER 2,000
MR RICHARD GUY HARING 446
MR RICHARD HUGH JONES 252
MR RICHARD JOHN FRASER JEANS 500
MR RICHARD JOHN LANGHAM 6,000
MR RICHARD JOHN MARCH 15
MR RICHARD MALLET 500
MR RICHARD MICHAEL JONES 570
MR RICHARD MURRY ORSBORN 1,034
MR RICHARD PAUL WOODFORD 120
MR RICHARD STUBBS 46,434
MR ROBERT ARTHUR COLLIN 7,500
MR ROBERT BRYCE HASELL-MCCOSH 840
MR ROBERT EDWIN JONES 2,250
MR ROBERT FREDERICK ROBINSON 208
MR ROBERT GEORGE GAUCHERON SEAR 2,000
MR ROBERT HAROLD VICTOR BEASLEY 803
MR ROBERT HOUGH 40,000
MR ROBERT IAN HALL 287
MR ROBERT JAMES STERRY 1,000
MR ROBERT JAMES WEBB 180
MR ROBERT JOHN KNIGHT 1,192
MR ROBERT LEON GALKOFF 4,000
MR ROBERT MARTIN BAINES 421
MR ROBERT MICHAEL WAYGOOD 1,000
MR ROBERT NIGEL JAMES 300
MR ROBERT SIMON MARKS 1,000
MR ROBERT WATSON WARNOCK 200
MR ROBERT WAYNE ATKINS 1,000
MR ROBERT WILLIAM HUGHES 390
MR ROBERT WINGATE MCALPINE 545
MR ROBIN ANDREW NAYLOR 1,974
MR ROBIN BREACH 59
MR ROBIN EGERTON CLILVERD 110
MR ROBIN FERGUSON 5,030
MR ROBIN JOHN KYNASTON 360
MR ROBIN MAXWELL MCINTOSH 1,065
MR ROBIN MCINTOSH 1,000
MR RODGER ANDREW MARTIN STOCKS 400
MR RODI OKORODUDU 5,000
MR ROGER ALBERT MARTIN 593
MR ROGER CRAIG BELL 2,009
MR ROGER ERNEST MANBY 1,065
MR ROGER FOWLER 500
MR ROGER GRAHAM OSBOURNE BROWNE 5,000
MR ROGER KILBURN 3,636
MR ROGER NAPPER 1,000
MR ROLAND ALUN PIERCE 300
MR RONALD BOLTON 1,065
MR RONALD DEMAIN 2,050
MR RONALD JAMES BOND 589
MR RONALD JOHN DENSLEY 800
MR RONALD MICHAEL HENE 2,800
MR RONALD PESTELL 213
MR RONALD SMEDLEY 230
MR ROSS ANTHONY PARRY 1,000
MR ROSS CROMPTON CROOK 912
MR ROSS MITCHELL FREEMAN 49
MR ROSS YOUNG 20
MR ROY DUNCAN BAKER 43
MR ROY GARNER 184,317
MR ROY MARK PEMBERTON 200
MR ROY STANLEY SMART 746
MR ROY TIMOTHY EATOCK 1,200
MR ROY WILLIAM DEAKIN 15
MR ROY WILSON 160
MR SAILESH KHANDERIA 400
MR SAMUEL ROBERT BUDD 1,148
MR SEAN BATTY 3,449
MR SEAN MICHAEL CARR TAYLOR 426
MR SEAN SANDHAM 2,225
MR SHAMIEM AHMED 213
MR SHAUN NEIL CUNLIFFE 527
MR SHAUN PETER O' HANLON 1,000
MR SHAUN THOMAS BAILES 300
MR SIMON CARSBERG 466
MR SIMON GLENN OFFORD 570
MR SIMON HILLS 911
MR SIMON JONATHON BRIMLEY 8,867
MR SIMON LISK 200
MR SIMON MARK RAMSBOUTOM 20
MR SIMON MARSHALL 3,000
MR SIMON MICHAEL PRIEST 5,553
MR SIMON NICHOLAS CORLESS 188
MR SIMON NICHOLAS ROBINSON 92,868
MR SIMON ROBERT KYNASTON 312
MR SOLOMON KEHELA 1,020
MR STANLEY BAXTER 1,065
MR STANLEY GREEN 400
MR STANLEY HAGUE WILSON 1,950
MR STANLEY LEONARD DICKIN 4,000
MR STANLEY SNODGRASS 9,000
MR STEPHEN BERNARD STREATER 1,822
MR STEPHEN BUNNEY 50
MR STEPHEN CHARLES BUNTING 2,000
MR STEPHEN DAVIES 713
MR STEPHEN DEEHAN 2,700
MR STEPHEN EDWARD SUDWORTH 512
MR STEPHEN FLAVELL 2,186
MR STEPHEN HICKEY 213
MR STEPHEN HOWLAND 20,000
MR STEPHEN JAMES WAITE 16
MR STEPHEN JOHN EASTON 297
MR STEPHEN LODGE 4,621
MR STEPHEN MCTAGGART 100
MR STEPHEN PAGE 239
MR STEPHEN PAUL MELIA 440
MR STEPHEN PETER BRAZIER 55,000
MR STEPHEN ROBERT LEE 110
MR STEPHEN ROLAND LEATHER 5,125
MR STEPHEN SETTLE 550
MR STEVE JOHN WRIGHT 272
MR STEVEN ALLEN 8,600
MR STEVEN CASS 68
MR STEVEN CONWAY 230
MR STEVEN DENNIS HOCKING 172
MR STEVEN FRANK SMITH 8,773
MR STEVEN GAME 666
MR STEVEN HOWARD REES 31,000
MR STEVEN JOHN WILLIAMS 350
MR STEVEN RAYMOND GRIFFITHS 2,254
MR STEVEN ROBINSON 6
MR STEVEN SIDGWICK 40
MR STEVEN WAYNE ROYAL 2,029
MR STEVEN WILLIAM TOMKINS 1,081
MR STEWART FERGUSON MCNAUGHTON 320
MR STUART ALEXANDER KILPATRICK 3,000
MR STUART BRAMHILL 500
MR STUART DARREN TERRENCE ACHILLES 400
MR STUART GIBBONS 2,500
MR STUART JAMES CARR 2,000
MR STUART MICHAEL PAUL 111
MR STUART MIDDLEMISS 15,634
MR STUART ROWLAND 300
MR STUART WILLIAMSON 2,000
MR TAHER MAHAMUD MUGHAL 4,552
MR TERANCE PATRICK HENNESSEY 1,000
MR TERENCE GRIFFIN 637,723
MR TERENCE LEONARD ATHERTON 936
MR TERRY BLOWER 94
MR THAKOR MISTRY 400
MR THOMAS ALAN CLARK 16,500
MR THOMAS ALAN ROBERTS 500
MR THOMAS ASTON 1,600
MR THOMAS CLARKE 256
MR THOMAS DEREK OLDHAM 2,000
MR THOMAS JOHN LAFFERTY 400
MR THOMAS JOSEPH BOLES 2,000
MR THOMAS LEONARD 1,040
MR THOMAS MARTIN MAINWARING 596
MR THOMAS MICHAEL JOHN COPPOCK 4,000
MR THOMAS NICHOLAS CORLESS 300
MR THOMAS REYNOLDS 2,000
MR THOMAS RICHARD ANDREW HIGHAM 409
MR THOMAS ROY CALLANDER 200
MR THOMAS STEPHEN CHUBB 4,000
MR TIMOTHY BLACKHURST 10,000
MR TIMOTHY HUGO BYWAY MILLSOP 188
MR TIMOTHY JOHN ABBOTT 35,000
MR TIMOTHY JOHN GALLEY 408
MR TIMOTHY JOHN HILTON 1,203
MR TIMOTHY JONATHAN BICKMORE 80
MR TIMOTHY PERKINS 166
MR TIMOTHY WEBB 500
MR TOM PATTISON CRAIG 1,000
MR TREVOR ANTHONY CAPSTICK 1,279
MR TREVOR CHRISTOPHER COOK 3,000
MR TREVOR DUKES 10,000
MR TREVOR PLATT 7,000
MR TREVOR PRESCOTT 500
MR TREVOR WALLACE 55,743
MR VASILE TEOFIL BARBU 53,430
MR VERNON CHARLES LADE 1,000
MR VICTOR BEHCHET 800
MR VICTOR GRAHAM 2,000
MR VICTOR JOHN PETER HORNIBLOW 3,038
MR VICTOR STANLEY SAWKINS 500
MR VINCENT JOSEPH LEARY 273
MR VINCENT WILLIAM BAKER 27
MR VINODRAY FULABHAI AMIN 9,000
MR VISHAL PATEL 1,378
138
MR WALEED ATTICK ABDUL RAHMAN 700
MR WARREN HAND 4,120
MR WESLEY WHITE 1,000
MR WILFRED ARTHUR WILSON 200
MR WILLIAM ALLEN 376
MR WILLIAM BRIMLOW WALKER 5,000
MR WILLIAM COOPER 2,000
MR WILLIAM DAVID STARKEY 104
MR WILLIAM DAVID TRIMBLE 20,000
MR WILLIAM DOWLING 83,370
MR WILLIAM ELDERKIN 1,245
MR WILLIAM FREDERICK HARBER 2,000
MR WILLIAM GEORGE INGHAM 410
MR WILLIAM GEORGE WHITTAKER 600
MR WILLIAM HUMPHREYS 416
MR WILLIAM JOHN HOBS 8,000
MR WILLIAM JOHN LUCAS 18,000
MR WILLIAM JOHN PATTERSON 1,790
MR WILLIAM LEYLAND 45,761
MR WILLIAM NICHOLAS WALFORD 500
MR WILLIAM STARKEY 156
MR WILLIAM THOMAS KAYE 2,500
MR WILLIAM VIPOND 2,146
MR WINSTON JOSEPH BLACKSHAW 2,013
MR ZENON KYTHREOTIS 200
MR ZULFIKAR VAZIFDAR 545
MR. MARTYN TREMAYNE HILL 2,663
MR. ROGER GOUGH 61,424
MRS AILSA JANE SKITTERY 1,629
MRS ALIA SERWAT TAMIMI 100
MRS ALICE ADELAIDE WHITE 1,200
MRS ALISON AMANDA LOUISE GREENSLADE 4,000
MRS ALISON BETTY GRIDLEY 500
MRS ALISON JONE GOMER 5,000
MRS ALISON JULIA PURVIS 223
MRS ALISON MARY YOUNG 291
MRS AMANDA BIRKITT 2,000
MRS AMANDA HESKETH 3,440
MRS AMANDA JAYNE CARTLEDG 74
MRS AMY MARSTON 160
MRS ANDREA JANE LORD 7,000
MRS ANDREA KAVANAGH 20
MRS ANGELA ALARONI 1,400
MRS ANGELA BROWN 5,000
MRS ANGELA MARY DAVIES 29
MRS ANGELA RUTH ZAIDI 4,000
MRS ANITA JANE HAMMOND 40
MRS ANN ASHTON 104
MRS ANN CREGEAN HOLDEN 700
MRS ANN ELISABETH BERTRAM 655
MRS ANN ELISABETH WHITMORE 1,000
MRS ANN FRANCES TAYLOR 5,064
MRS ANN HART 200
MRS ANN JANE DANKS 860
MRS ANN KATHERINE MERCER 1,818
MRS ANN MARGARET FAIRLEY 239
MRS ANN PATRICIA MCQUEEN 117
MRS ANN PILLING 1,000
MRS ANN STYLES 400
MRS ANNABEL JANE BRIGGS 941
MRS ANNE CHRISTINA WARD 336
MRS ANNE FAIRHURST 1,480
MRS ANNE MARY ELLEY 230
MRS ANNE MOORE 100
MRS ANNE ROGERS 500
MRS ANNE SHEILA PURVIS DEVESE 1,500
MRS AUDREY FLORENCE ANN STAPLETON 400
MRS AYSE OYUNCU 362
MRS BARBARA BANNISTER 237
MRS BARBARA BROOKES 2,000
MRS BARBARA CAROL MELHUISH 460
MRS BARBARA HILDA WILLIS 2,496
MRS BARBARA HUGHES 1,637
MRS BARBARA JOAN WAKELIN 1,000
MRS BELINDA JANE WILDE 104
MRS BERERLY ANNETTE ALEXANDER 560
MRS BERNADETTE EMMS 483
MRS BERYL MELLING 100
MRS BETTY FAULDS 2,000
MRS BRENDA JEAN SPRIGGS 430
MRS BRENDA MURIEL WHITAKER 1,280
MRS BRENDA RUTH SYMES 9,600
MRS CAROL ANN SMETHURST 1,020
MRS CAROL ANN WILLIAMS 571
MRS CAROL BATTLE 1,024
MRS CAROL EVA JARRETT 1,000
MRS CAROL JEANNETTE DAWSON 456
MRS CAROLE ALICIA GREGSON 2,844
MRS CAROLE ANDREA SLINGSBY 760
MRS CAROLINE ANN BROWN 65,000
MRS CAROLINE JANE HEAP 156
MRS CAROLINE LOUISE GREGORY 3,148
MRS CAROLINE MARGARET JACKSON 67
MRS CAROLINE MELANIE GOODER 644
MRS CATHARINE MARY OLDROYD 250
MRS CATHERINE ELIZABETH HYSLOP 460
MRS CATHERINE OLLERTON 524
MRS CATHERINE WINIFRED OLLERTON 12,949
MRS CERI BARBARA WOOD 4,315
MRS CHANDRIKABEN MANEKLAL PATEL 1,000
MRS CHRISTINA CAROL WILLIAMS 6,265
MRS CHRISTINE ANN BARON 280
MRS CHRISTINE ANNE BEDWELL 900
MRS CHRISTINE DOROTHY COUPE 400
MRS CHRISTINE KUAN CHAN 426
MRS CHRISTINE LEWIS 252
MRS CHRISTINE MILLS 1,780
MRS CHRISTINE PROBERT 4
MRS CHRISTINE SANDELL 20
MRS CLAIRE JOANNE DAVEY 200
MRS CLARE STANLEY 142
MRS CONSTANCE MAUREEN BUTTERWORTH 5,000
MRS CORRIN HELEN BUXTON 200
MRS CSILLA WINETROUBE 200
MRS CYNTHIA IRWIN 148
MRS CYNTHIA MARGARETT WATSON 1,250
MRS DAPHNE HOWARD CLARKE 432
MRS DAVELLA WINIFRED BUCK 222
MRS DEBORAH ANNE CLARK 1,932
MRS DEBORAH ELIZABETH MORRIS 1,068
MRS DEBORAH FIRTH 9,578
MRS DEBORAH HIGHAM 860
MRS DEIRDRE HERMINE COPPOCK 2,500
MRS DENISE ANN LOVEJOY 6,820
MRS DENISE ASPINALL 124
MRS DENISE GALLAGHER 713
MRS DIANA ELIZABETH WATERS 53
MRS DIANA LOUISE MILLAR 874
MRS DIANA MORGAN 600
MRS DIANE PATRICIA CHERRILL 70
MRS DIANNE MARGARET OAKLEY 71
MRS DIANNE MARY TERESA TILBROOK 11,000
MRS DOMIMIQUE GILSENAN 10
MRS DORA FREDA RUTH CUNNINGHAM 100
MRS DORA MARY LIVINGSTONE 8,480
MRS DOREEN POOLE 620
MRS DOREEN POSTLEWAITE 200
MRS DOROTHY ALEXANDER SIM 371
MRS DOROTHY ALICE WALKER 436
MRS DOROTHY ANNE BROTHERSTON 346
MRS DOROTHY BEAUMONT 4,000
MRS DOROTHY BYRNE 1,600
MRS DOROTHY COWARD 250
MRS DOROTHY HARPER GRAHAM 1,000
MRS DOROTHY HOWARTH 600
MRS DOROTHY JOAN BOFFEY 440
MRS DOROTHY JOAN SMITH 100
MRS DOROTHY JOYCE MOSS 542
MRS EDITH ROSALIND ROBERTS 624
MRS EDNA HOLMES 2,728
MRS EILEEN GLADYS EDWARDS 3,074
MRS EILEEN JANE ROBERTS 370
MRS EILEEN MELLING 4,000
MRS EILEEN PATRICIA SMITH 1,040
MRS ELAINE SAVAGE 800
MRS ELIZABETH ALICE DOHERTY 2,458
MRS ELIZABETH COX RAESIDE 500
MRS ELIZABETH FROUD 409
MRS ELIZABETH GRACE HUGHES 800
MRS ELIZABETH LOGIE LORD 12,000
MRS ELIZABETH MARIANNE HUNT 200
MRS ELIZABETH MOSSMAN SUDDER 1,939
MRS ELIZABETH MUNRO ABERCROMBIE 300
MRS ELIZABETH VICTORIA TAYLOR 872
MRS ELLA NORA BURNETT 768
MRS ELSIE GRADY 208
MRS ELSIE STELLA CORDELL 300
MRS ELSPETH GRANT ANDERSON 1,300
MRS EMILY MARY WATKINSON 400
MRS EMMA CHRISTINA ARNOLD 1,096
MRS ERYL DENISE HARDWICK 300
MRS ETHEL GEARS 1,000
MRS EVE VICTORIA HEWER 2,382
MRS EVELYN IRENE VAUGHAN 2,911
MRS FAY GILES 160
MRS FLORENCE THERESA EDMONDSON 200
MRS FRANCES ANNE EATON 900
MRS FRANCES FERGUSON 1,376
MRS FREDA BLACKBURN 200
MRS FREDA RATICAN 192
MRS GAYNOR HESLETT 250
MRS GAYNOR SOPHIA ROBERTS 4,000
MRS GEORGINA ELSIE HARDACRE 16,954
MRS GHAZALA NASEEM 492
MRS GILLIAN ANNE LEE 100
MRS GILLIAN BARNES 80
MRS GILLIAN FLETCHER 1,287
MRS GILLIAN HARRIET SIMONS 305
MRS GILLIAN HUGHES 178
MRS GILLIAN LYNDA PALMER 200
MRS GISA MATTOCK 121
MRS GLADYS SHANNAN 409
MRS GLENDA WILLIAMS 700
MRS GLORIA SHUREY 4,653
MRS GRACE HELEN PAT HOLLANDS 600
MRS GWEN PEACOCK 1,239
MRS GWENDOLINE JOAN JOYCE 600
MRS GWENDOLINE MASEY 400
MRS GWYNNETH CORLESS 500
MRS HANNAH CLAYTON 256
MRS HAZEL BARBARA KONICKI 124
MRS HEATHER ANDREA JACKSON 316
MRS HEATHER MAY LONG 520
MRS HELEN DORA SADLER 3,000
MRS HELEN MARSHALL LOUDON WALKER 551
MRS HELEN MARY DAVIES 3,000
MRS HELEN STEELE 1,360
MRS HELEN SUSANNA VAN ROSE 1,000
MRS HELEN WALL 104
MRS HELENA CHIARA DILLEA 474
MRS HELENA HAMMOND 1,040
MRS HELGA BLAKE 1,065
MRS HILARY ANN INLGIS 500
MRS HILARY JANE COX 257
MRS HILARY JOYCE WILLIAMS 973
MRS HINDERIKA JOHANNA MARIA MIRZA 530
MRS IGNES CONCEPTION DE SOUZA 700
MRS IRENE DICKERSON 457
MRS IRENE NOON 4,191
MRS IRENE ODONOGHUE 77
MRS IRIS DOORBAR 5,000
MRS IRIS STEWART 121
MRS JACQUELINE BLADON 272
MRS JACQUELINE ELIZABETH WYATT 292
MRS JACQUELINE TONGE 1,325
MRS JACQUELINE WALSH 254
MRS JACQUI SWALES 1,000
MRS JANE CATHERINE STREET 1,516
MRS JANE ELIZABETH RILEY 1,690
MRS JANE FORRESTER STEVENSON 1,560
MRS JANE MARY MCCUE-LOUVET 200
MRS JANE WINIFRED YOUNG ELGEY 200
MRS JANET ANN FOWLER 2,000
MRS JANET BILSLAND MCAINSH 1,000
MRS JANET CLEGG 160
MRS JANET DAY 500
MRS JANET ELISABETH ROWLAND-WHITE 400
MRS JANET MARY MORRISH 500
MRS JANET PHILLIPS 400
MRS JANET SIMPSON 1,000
MRS JANET STOCKLEY 600
MRS JANET SUSAN BLACKLEDGE 204
MRS JANET WILLIAMS 600
MRS JANICE CATHERINE CHEERS 94
MRS JANICE CONSTANCE ROBERTS 426
MRS JANICE MARGARET EATOUGH 800
MRS JANINE TAYLOR 6,048
MRS JATINDER KAUR 3,548
MRS JAYMINI PATEL 12,000
MRS JAYNE ASPINALL 2,000
MRS JEAN BARBARA LATHAM 2,000
MRS JEAN CLARK GRAY ALLISON 708
MRS JEAN DUNN 2,150
MRS JEAN ELAINE HILL 224
MRS JEAN HEATHER TAYLOR 2,560
MRS JEAN HIGSON ASPIN 1,000
MRS JEAN MARGARET BEAUMONT 600
MRS JEAN MARGARET BEER 600
MRS JEAN MARGARET GREGOR 1,600
MRS JEAN MARGARET WHALLEY 2,664
MRS JEAN MARGARET WHITE 500
MRS JEAN MICALLEF 66
MRS JEAN ROSE ELMS 1,000
MRS JEAN SHAW 250
MRS JEAN WARBURTON 800
MRS JEAN WARD 576
MRS JEANNE GOOSTREY LLOYD 1,840
MRS JENNIE MAIR LITTLEJOHNS 200
MRS JENNIFER CHERYL WHITE 1,000
MRS JENNIFER HELEN ROWLAND 1,116
MRS JENNIFER MARGARET NICHOLSON 3,040
MRS JENNIFER MARY WILSON 512
MRS JENNIFER SUSAN MARTIN 17,000
MRS JILL BARBARA GOFF 426
MRS JILL BROWN 110
MRS JILL COLLIGHAN 307
MRS JILL HUGHES 2,049
MRS JILL PAULINE TUNNICLIFFE 200
MRS JOAN ELIZABETH GIRLING 1,108
MRS JOAN HANDLEY 600
MRS JOAN HAWKINS 1,424
MRS JOAN MCCORMICK 400
MRS JOAN OLIVE SCHIMMEL 442
MRS JOANNA ANANDAPPA 400
MRS JOANNA JANE PAGE 1,500
MRS JOANNE CLAIR HOAREAU 2
MRS JOANNE HIGHAM 2,228
MRS JOANNE LYNNE HIGHAM 4,450
MRS JOANNE MARGARET ADAMS 685
MRS JO-ANNE ROSCOE 213
MRS JOANNE SARAH WILLIAMS 420
MRS JOHANNA DUNCALF 2,000
MRS JOSCELYN HOYLE 411
MRS JOSCELYN MOIRA SELINA HOYLE 10,248
MRS JOSEPHINE ANNE BELL 477
MRS JOSEPHINE BROWN 300
MRS JOY NUTTEN 294
MRS JOYCE ANNE FINNEY 256
MRS JOYCE BLENCH 930
MRS JOYCE EDNA BEATRICE CUMMINGS 262
MRS JOYCE ELIZABETH HINITT 900
MRS JUDITH DEANNE THURLOW 1,000
MRS JUDITH GRACE WOODS 684
MRS JUDITH JOLLEY 330
MRS JUDITH MERRY SAINSBURY 953
MRS JUDITH READ 400
MRS JULES HOUSECROFT 13,070
MRS JULIA JANE LAWLER 338
MRS JULIA MARGARET MEDCALF 3,500
MRS JULIA MARSHALL 136
MRS JULIE BURNS 3,613
MRS JULIE MARGARET BRADY 373
MRS JULIE STOREY 2,000
MRS JULIE WAKEFIELD 1,755
MRS JULIEANNE DICKINSON 351
MRS JULIET MARY MELLAND JONES 800
MRS JUNE BROOKS 192
MRS KAREL PITT 400
MRS KAREN BAKER 204
MRS KAREN CROFT 319
MRS KAREN LOUISE WELLS 400
MRS KAREN PAUL 7,072
MRS KARRAN DAWN WARDLE 500
MRS KATE WITHERS 60
MRS KATHARINE ENGLAND 2,325
MRS KATHERINE LOUISE HOWARD 200
MRS KATHERINE LOUISE WALKER 258
MRS KATHLEEN BAINES 5,084
MRS KATHLEEN COOPER 1,492
MRS KATHLEEN JOYCE LEITCH 506
MRS KATHLEEN KELLY 55,285
MRS KATHLEEN MARY LUMB 5,124
MRS KAYE HOGAN 24,167
MRS KRYSTYNA THOMPSON 1,800
MRS LESLEY ANNE CRAIG 200
MRS LESLEY ANNE STEVENS 1,800
MRS LESLEY JANE RYDER 1,040
MRS LESLEY RYDER 4,680
MRS LIAN CHOO LIANG 2,080
MRS LILIAN COAN 574
MRS LINDA ANN SMITH 900
MRS LINDA MARY HUTTON 136
MRS LINDA SUSAN NELSON 1,060
MRS LINDA VALERIE BOOTH 2,000
MRS LORNA WINIFRED SKELLY 655
MRS LORRAINE LORD 56
MRS LOUISE HEATHER WILSON 696
MRS LOUISE MARGARET RIDING 426
139
MRS LUCY MCFARLANE 1
MRS LYNDA EAST 134
MRS LYNDA GORTON 614
MRS LYNN CHRISTINE HAWORTH 300
MRS LYNNE HELM 5,000
MRS LYNNE THOMAS 228
MRS MABS ROACH 225
MRS MAGDA BLOOM 1,000
MRS MAGDALENA SECHSTINA MACLELLAN 400
MRS MAJELLA BURNS 359
MRS MALA SIVAKUMAR 400
MRS MARCIA LENNON 20,498
MRS MARGARET ALISON WINSTANLEY 2,000
MRS MARGARET ANN JEFFERSON 432
MRS MARGARET ANN KONIGSFELDT 2,065
MRS MARGARET ANN PANES 500
MRS MARGARET BERRY 1,500
MRS MARGARET ELIZABETH SHIPTON 468
MRS MARGARET FLORENCE GRIMWOOD 1,100
MRS MARGARET GREENFIELD HARVEY 200
MRS MARGARET HEATHER HAMMOND 187
MRS MARGARET HELEN THOMAS 1,000
MRS MARGARET HOLLAND 153
MRS MARGARET HOPPER 5,000
MRS MARGARET JEAN NASH 272
MRS MARGARET JOAN JACKSON 10,584
MRS MARGARET JONES 750
MRS MARGARET LOBLEY 3,000
MRS MARGARET MARY BRAGG 80
MRS MARGARET MARY MARSDEN 198
MRS MARGARET ORMROD 570
MRS MARGARET RUTH LOCKYER 1,000
MRS MARGARET SIMPSON ANDERSON 1,200
MRS MARGARET TEGWEN DAVIES 250
MRS MARGARET VALDA LAWES 1,304
MRS MARGARET WINIFRED ANTHONY 200
MRS MARIA BARROW 800
MRS MARIAN FREDA CALDWELL 470
MRS MARIAN GRACE HILL 104
MRS MARION JANE BROWNING 400
MRS MARION JEAN BYRNE 601
MRS MARION JILLIAN WILDEY 256
MRS MARION LISK 200
MRS MARION SANDGROUND 500
MRS MARJORIE ASHCROFT 200
MRS MARJORIE ROYLE 385
MRS MARLENE WINIFRED DAVEY 665
MRS MARTHA ELISABETH AINSCOUGH 31,000
MRS MARY ANN LORD 350
MRS MARY ELIZABETH CHAMBERS 614
MRS MARY HELEN KARAOLIS 600
MRS MARY MARGARET HARTLEY 500
MRS MARY OLLERTON 2,702
MRS MARY SMITH 1,309
MRS MARY TAYLOR 696
MRS MARY TRAYNOR 635
MRS MAURA HARTNEY 1,229
MRS MAUREEN ANN KAY 260
MRS MAUREEN BILSBROUGH 639
MRS MAUREEN ELIZABETH SCOTT 102
MRS MAUREEN NELSON 426
MRS MAUREEN VERONICA AULD 210
MRS MAUREEN WATSON 161
MRS MEGAN ELIZABETH JONES 852
MRS MINAXI PARMAR 100
MRS MYRA HAMILTON EWART DAVIS 272
MRS NAJMA DAYA 199
MRS NAVJOT BASI 1,030
MRS NICHOLA JANE PRIEST 1,013
MRS NORMA MARGARET SMITH 1,850
MRS OLIVE GUY 1,639
MRS OLWEN GLADYS JACKSON GRIFFITHS 409
MRS OONAGH JEANETTE CORLETT 8,000
MRS OONAGH MARY ELLIOTT 2,000
MRS PAMELA ANN ORMEROD 251
MRS PAMELA EDITH GREEN 5,000
MRS PAMELA GREENWOOD 2,860
MRS PAMELA SIAN DEAN 30,887
MRS PAMELA YVONNE SILLS 300
MRS PATRCIA BLACKLEDGE 476
MRS PATRICIA ANN REID 2,200
MRS PATRICIA ASPINALL 578
MRS PATRICIA MARGARET BURGESS 239
MRS PATRICIA MARTIN 910
MRS PATRICIA MARY HOUGH 1,280
MRS PATRICIA MATTIN 426
MRS PAULINE JUNE MITCHELL 5,513
MRS PAULINE MARGARET WHEWELL 1,000
MRS PAULINE TAYLOR 8,800
MRS PHILIPPA MARGARET WIDDISON 1,000
MRS PHYLLIS MARGARET RATCLIFFE 818
MRS PRAVINA KISHOR SHAH 2,000
MRS RACHEL MCCALL LUCAS 242
MRS RACHEL VANESSA GRAY 10
MRS RAJINDER CHEEMA 500
MRS RITA KUMARI KAUSHAL 800
MRS ROSALIE JANE TOPAZIO 359
MRS ROSALIE MAUD BORRETT 512
MRS ROSAMOND MARGARET NORMAN 275
MRS ROSE CRISTINE MILLER 800
MRS ROSEMARY CLARE STENHOUSE 5,352
MRS ROSEMARY ELIZABETH CARR 2
MRS ROSEMARY ESTELLE MACKIE 504
MRS ROSEMARY HUNSPERGER 7,462
MRS ROSEMARY MACLEOD 2,000
MRS ROSEMARY MARIA GREGORY 36
MRS ROSLYNN GEORGINA CONSTANCE 100
MRS ROWENA BROTHERS 817
MRS RUTH KATHLEEN GRAHAM 1,569
MRS SADHANA RAVINDRA CHURY 800
MRS SALLY ELIZABETH BROWN 100
MRS SALLY HARRIS 338
MRS SALLY JOSEPHINE BIRKS 1,145
MRS SAMANTHA STEVENSON 2,000
MRS SANDRA GARTH 14,094
MRS SANDRA ISOBEL SHANKS 479
MRS SANDRA KAY JACKSON 4,545
MRS SANDRA MASSAM 7,508
MRS SANDRA PATRICIA HODGKINSON 564
MRS SANDRA PATRICIA WILLS 100
MRS SANDRA PETERS 200
MRS SARAH ANDERSON 1,686
MRS SARAH ANN KAUTER 873
MRS SARAH HALIFAX EDMUNDSON 2,550
MRS SARAH MOIRA SMITH PALMER 1,000
MRS SARAH WILDE 1,226
MRS SARAH-JANE ANDREWS 200
MRS SAVITABEN DALSUKH TAILOR 1,404
MRS SHALAGH ALICE MERLE RUSHMERE 1,000
MRS SHAMIM CHAUDHRY 3,000
MRS SHANAZ JANJUA 500
MRS SHARON ANNE GALLAGHER 6,511
MRS SHARON MATHARU 10,000
MRS SHEENA CAMPBELL WRIGHT 686
MRS SHEENA KAY BOAL 200
MRS SHEILA ANNE STEWART PURDIE 400
MRS SHEILA SAVILLE 532
MRS SHERRILL TACY 500
MRS SHERYL DAWN CURR 620
MRS SHIRLEY AMANDA CULLERS 1,086
MRS SHIRLEY HOLT 300
MRS SHONA MALCOLM 100
MRS STELLA JEAN JACKSON 1,172
MRS STEPHANIE JANICE WOODRUFF 16,012
MRS SURJIT KAUR SANGHA 400
MRS SUSAN CONSTANCE TRESADERN 800
MRS SUSAN ELIZABETH RIMMER 10,332
MRS SUSAN ELLIS 462
MRS SUSAN HAMILTON 434
MRS SUSAN JOAN PEREZ 1,000
MRS SUSAN LESLEY DAWSON 634
MRS SUSAN MARJORIE SHAW 112
MRS SUSAN MARSHALL 512
MRS SUSAN MARY PURDON 440
MRS SUSAN SPEAK 7,867
MRS SUSAN WILLIAMSON 430
MRS SUZANNE BOYER 500
MRS SYLVIA ANN BERRY 213
MRS SYLVIA BEATRICE FANTOM 700
MRS SYLVIA FAIRBROTHER 500
MRS TERESA GRAND- SCRUTTON 2,000
MRS TERESA GRAND-SCRUTTON 3,000
MRS TESSA ELIZABETH THOMAS 400
MRS THERESA LINDA ROBINSON 2,185
MRS THERESA ROBINSON 4,263
MRS TONIA GARDNER 135
MRS TRACY LOUISE SAMY 880
MRS TRACY MCCOLGAN 60
MRS ULLA MEHTA 4,500
MRS UMA WADHWANI 2,000
MRS VALERIE WESTWELL 2,131
MRS VARSHA PATEL 529
MRS VERA WILLANS 500
MRS VERNA JOY HOLDEN 450
MRS VERONICA JEAN CHADWICK 133
MRS VIVIAN MARY STANSFIELD 20
MRS VIVIEN REES HEALEY 10,800
MRS VIVIEN REES HEALY 1,200
MRS VIVIENNE RACHEL DOLLIMORE 1,065
MRS WENDY ALEXANDRA KING 500
MRS WENDY ANN DOOTSON 20,907
MRS WENDY ANNE COCKHILL 250
MRS WENDY CAROLINE STEER 611
MRS WENDY WATERS 547
MRS WINIFRED HAZEL BIRD 3,000
MRS WINIFRED SHEAHAN 1,200
MRS ZARINA ABDUL KARIM 650
MS ALIX ELISABETH LONGLEY 749
MS ANN SUSAN DELL 1,024
MS BALVINDER DOHEL 10,000
MS BRENDA GREENHALGH 9,000
MS BRENDA ROWE 4,741
MS CAROLE ANGELA WOMERSLEY 1,575
MS CHARLOTTE DUNCAN 10
MS CHIEKO MINO 948
MS CLARE ALISON GILLETT 55
MS COLETTE MARIE OWEN-BROWNE 92
MS DAISY PIERIS 466
MS EILEEN WORDIE GLOVER 1,600
MS ELAIN SHELIA DEIGHTON 4,000
MS ELIZABETH ROSE JOHNSON 943
MS ELIZABETH RUTH SILLS 30
MS EMILY JANE DE MONTFORT 243
MS FIONA DODDS 2
MS HILARY MARY TULLY 578
MS JACQUELINE MARIE HUGHES 360
MS JACQUELINE MARY CHEETHAM 367
MS JANICE THOMPSON 414
MS JANIS ANN HARDACRE 15,000
MS JEANETTE SLATER 490
MS JESSICA BAILEY 100
MS JOANNA LOUISE HASLOPE 943
MS JOANNE FULLER 1,000
MS JOYCE BEASTALL 4,384
MS JULIA ANNE PARKER 1,600
MS LINDA MARGARET FILEWOOD 60
MS LORRAINE BROWNE 130
MS MARJORIE RATHBONE 5,120
MS NINA SUSAN MAC DONALD 500
MS PATRICIA ANN FROST 514
MS PRUDENCE ELIZABETH PRESTON 1,065
MS SALLY ELIZABETH EARNSHAW 334
MS SHARON WALLACE 11,725
MS SHUKIE YAU 470
MS SUE MOUNSEY 500
MUKESH GIRDHARLAL MAPARA ESQ 640
MUSA KAZI ESQ 200
N W BROWN ISA NOMINEES LIMITED 98,740
N W BROWN NOMINEES LIMITED 58,380
NARESH SANDHIR ESQ 1,500
NASIR AHMED LAKHANPAL ESQ 3,000
NATALE GIAMPA ESQ 468
NATWEST PEP NOMINEES LIMITED 146,597
NBS NOMINEES LIMITED 6
NEDJIB CHOHRA ESQ 150
NEIL ANDREW MEARA ESQ 131
NEIL BHARAT BHIRANGI ESQ 345
NEIL CHRISTOPHER MC KIRGAN ESQ 614
NEIL RICHARDSON ESQ 250
NEW STREET NOMINEES LIMITED 322,960
NIALL CREAGH ESQ 11,742
NIALL MCKIERNON ESQ 4,713
NIBRAM EXPORTS LIMITED 28,000
NICHOLAS ALEXANDER GLASGOW ESQ 3,540
NICHOLAS BORAN ESQ 1,600
NICHOLAS CHARLTON PENRHYS BIRD ESQ 9,594
NICHOLAS CURNO ESQ 1,612
NICHOLAS JAMES WRIGHT ESQ 580
NICHOLAS JOHN OAKLEY ESQ 700
NICHOLAS LESLIE THOMAS ESQ 500
NICHOLAS PETER LEWELYN MORGAN ESQ 1,100
NIGEL ALLEN COOK ESQ 106
NIGEL JEFFERY ESQ 157
NIGEL JONATHAN BETTINSON ESQ 300
NIGEL MOORE ESQ 47,366
NIGEL ROBERT FAWKES ESQ 80
NIGEL VINCENT SIMMONDS ESQ 200
NITIN BHIKHUBHAI PATEL ESQ 319
NOEL SYKES ESQ 25,000
NOMURA NOMINEES LIMITED 135,864
NORMAN ANTHONY BEER ESQ 2,767
NORMAN MURRAY YARROW ESQ 1,500
NORTRUST NOMINEES LIMITED 988,940
ODL NOMINEES LIMITED 51,000
OLIVER JOHN ADCOCK ESQ 2,000
OMX SECURITIES NOMINEES LIMITED 91,000
PANMURE GORDON (UK) LIMITED 13,000
PARASKUMAR SHAH ESQ 750
PATAN MIAH KHAN ESQ 1,000
PATRICK JOSEPH NOLAN ESQ 2,080
PATRICK MAGUIRE ESQ 5,124
PATRICK PHILIP HANLEY ESQ 1,308
PATRICK ROBERT DOUGLAS MACKINLAY 10,000
PAUL AINSWORTH REDFERN ESQ 10,000
PAUL ANDREW KEEN ESQ 38,225
PAUL ANDREWS ESQ 5,000
PAUL CHRISTOPHER STEFANI 1,000
PAUL EDWARD DRIVER ESQ 25,000
PAUL EDWARD SIMMONS ESQ 2,000
PAUL FREARY ESQ 625
PAUL HENRY WARBURTON ESQ 400
PAUL KEVIN HARDY 7,000
PAUL LAWRENCE BYRON ESQ 81
PAUL LEONARD SHEEDY 1,040
PAUL MEADOW ESQ 1,065
PAUL MELVYN HARRIS ESQ 93,000
PAUL RICHARD DENNETT ESQ 312
PAUL SPENCER GOTTESMAN ESQ 563
PENSIONS & INVESTMENT RESEARCH 2
PERRY NOMINEES LIMITED 56,487
PERSHING INTERNATIONAL NOMINEES 8,000
PERSHING NOMINEES LIMITED 1,152,669
PETER ALFRED ASHWORTH 399
PETER ALLAN COWGILL ESQ 14,000
PETER BRYAN THOMAS ESQ 278
PETER CYRIL RAYNEY ESQ 107
PETER DALEY ESQ 1,831
PETER EKIN ESQ 120
PETER GODFREY MAGILL ESQ 204
PETER GORDON HUNTLEY ESQ 6,500
PETER IAN ADAMS ESQ 9,400
PETER JOHN CARPENTER ESQ 714
PETER JOHN DIGNUM ESQ 1,288
PETER JOHN FRASER ESQ 624
PETER NOEL BUTTERWORTH ESQ 13,500
PETER ROBERT BALL ESQ 300
PETER RUSSELL ESQ 130
PETER WILLIAM WALLWORK ESQ 2,500
PHILIP ALAN WATSON ESQ 1,152
PHILIP CHARLES GALLEY ESQ 700
PHILIP EDWARD REILLY ESQ 368
PHILIP JOHN BELTON ESQ 58
PHILIP NEVILLE STEVENS ESQ 1,035
PHILIP PICKETT ESQ 482
PHILIP RICHARD ATKINSON ESQ 213
PHILIP SWAINE ESQ 107,432
PHILLIP BAILEY ESQ 2,500
PHILLIP ROY WILLIAMS ESQ 6,265
PHOTOSTEREO LIMITED 4,000
PRAKASH PATEL ESQ 4
PRATAP PREMJI PANKHANIA ESQ 2,560
PRISM NOMINEES LIMITED 14,999
PRIYESH AMIN ESQ 71
PRODUCTIVE NOMINEES LIMITED 35,000
PROFESSOR ERIC WATTS BRADFORD 3,195
PRUDENTIAL CLIENT HSBC GIS NOMINEE 47,736
PUMA NOMINEES LIMITED 16,625
QUILPEP NOMINEES LIMITED 155,140
QUILTER NOMINEES LIMITED 211,924
R C GREIG NOMINEES LIMITED 326,467
RACHAEL ANNE HALLEWELL 280
RAJENDRA MAGANBHAI PATEL ESQ 2,000
RANJIT SINGH GILL ESQ 200
RATHBONE NOMINEES LIMITED 261,545
RAVEN NOMINEES LIMITED 2,252,238
RAWJI DAYA CHAUHAN 1,560
RAY NEILSON ESQ 2,052
REALCAP INVESTMENTS LIMITED 2
REDMAYNE (NOMINEES) LIMITED 1,065,290
REGINALD GEORGE AUCHTERLONIE ESQ 1,000
RENE NOMINEES (IOM) LIMITED 14,197
REUTERFILE LIMITED 1
REV DR GORDON WAREING 5,400
REYKER NOMINEES LIMITED 4,698
RICHARD ALAN BUCKNALL ESQ 200
RICHARD ANTHONY JACKSON ESQ 692
RICHARD DAVID SHEPHERD ESQ 32
RICHARD GORDON THEOBALD ESQ 2,000
140
RICHARD HENRY DUNNINGS ESQ 596
RICHARD MARK STILES ESQ 48
RICHARD ORD ESQ 5,120
RICHARD WILLIAM TRAYNOR ESQ 1,614
ROB ATKEY 1,742
ROBERT ALEXANDER BUTLER ESQ 1,000
ROBERT ANTHONY PINTON ESQ 1,200
ROBERT BRIDGES ESQ 1,918
ROBERT DAVID DALTON ESQ 1,229
ROBERT DAVID WHITBY ESQ 6,396
ROBERT GOWANS ESQ 800
ROBERT HENRY SPOKES ESQ 400
ROBERT JAMES LEAKER ESQ 2,131
ROBERT JEROME BRENNAN ESQ 1,010
ROBERT JOHN COOKSON ESQ 94
ROBERT JOHN MORSE ESQ 1,150
ROBERT LEONARD MILLS ESQ 500
ROBERT NORMAN PRESTON ESQ 1,000
ROBERT PLOWDEN ESQ 5,065
ROBERT POYNTER ESQ 200
ROBERT SAMUEL WALKER ESQ 638
ROBERT SANDERSON ESQ 200
ROBERT WILLIAMS ESQ 606
ROBIN BEIGHTON ESQ 532
ROBIN JOHN BRIGGS 2,131
ROBIN NAYLOR ESQ 287
ROCK (NOMINEES) LIMITED 14,443,203
ROGER ANTHONY ROWSON ESQ 1,000
ROGER ANTONY GIBBS ESQ 1,280
ROGER FREDERIC HANCOX ESQ 300
ROGER LANE-SMITH 45,871
RONALD ARTHUR CASHMORE ESQ 4,533
RONALD CLAYTON ESQ 18,580
RONALD JOSEPH WANSTALL ESQ 266
RONALD NORTON ESQ 3,120
ROY ERNEST SANDELANDS ESQ 2,664
ROY NOMINEES LIMITED 3,129,122
ROY OFFLAND ESQ 1,000
ROY PETER KELSEY ESQ 500
ROY WILSON ESQ 22,894
RUBY ISA NOMINEES LIMITED 162,820
RUDLEY ELWORTHY ESQ 1,040
RULEGALE NOMINEES LIMITED 4,486,337
RUSSELL STARKE ESQ 780
SANDY ALEXANDER ESQ 100,000
SARBJIT SINGH MINHAS ESQ 1,540
SAVVAS GEORGIOU ESQ 1,000
SBS NOMINEES LIMITED 532
SCOTT ROWLAND ESQ 1,735
SEAMUS SPAIGHT ESQ 1,400
SECURITIES SERVICES NOMINEES 846,500
SG OPTION EUROPE S.A. 45
SHAHID MIRZA ESQ 380
SHARE NOMINEES LTD 1,387,951
SHELLY SQUIRE 1,000
SHEPHERD & WEDDERBURN (NOMINEES) 3,000
SIDEHURST LIMITED 10,000
SIDNEY CHADWICK ESQ 2,000
SIDNEY DAVID KIRK ESQ 12,792
SIDNEY LEONARD MEADOWS ESQ 1,040
SIMON ANTHONY BUCKLER ESQ 640
SIMON DAYNES ESQ 1,637
SIMON FRANCIS WILLIAMS ESQ 200
SIMON JEFFREY DIGGINS 17,500
SIMON LEONARD SMITH ESQ 7,320
SIMON MITCHELL PATERSON ESQ 200
SIMON NICHOLAS RUSH ESQ 1,434
SIMON PAUL WOOD ESQ 2
SIMON PRIEST ESQ 3,028
SIS SEGAINTERSETTLE AG 388,000
SMITH & WILLIAMSON NOMINEES LIMITED 26,432
SOUHEIL ABOU-DIWAN ESQ 512
SPEIRS & JEFFREY CLIENT NOMINEES 45,000
SPEIRS & JEFFREY FUND MANAGEMENT 16,920
ST ANNS SQUARE NOMINEES LIMITED 412,539
STAN KOURA ESQ 588
STANLEY MATHER ESQ 1,000
STANLEY RONALD TURNER ESQ 600
STATE STREET NOMINEES LIMITED 26,587,613
STEPHEN BRIAN HOLLEY ESQ 900
STEPHEN CHARLES WATERS ESQ 954
STEPHEN DAVID ALDOUS ESQ 7,000
STEPHEN GEOFFREY GORDON ESQ 18,273
STEPHEN GUY NICHOLAS CHAMBERLIN ESQ 1,065
STEPHEN JOHN WOOD ESQ 1,694
STEPHEN LESLIE BUSH ESQ 46
STEPHEN RIMMINGTON ESQ 262
STEPHEN SEBASTIAN ESQ 1,000
STEPHEN THOMPSON ESQ 2,000
STEVE ROWLEY ESQ 280
STEVEN ANDREW BURFORD ESQ 5,188
STEVEN DAWBER ESQ 4,500
STEVEN HENSHAW ESQ 2,900
STEVEN KIRBY TAYLOR ESQ 3,702
STRAND NOMINEES LIMITED 346,094
STUART ALEXANDER KILPATRICK ESQ 6,150
STUART BARLOW ESQ 803
STUART JOHN POWERS ESQ 2,400
SURESH LIMBACHIA ESQ 1,000
SVS (NOMINEES) LIMITED 103,750
SYED HASSAN RAZA ESQ 8,074
SYLVIA PAULINE LAWRENCE 427
TAK KWONG WONG ESQ 500
TD WATERHOUSE NOMINEES (EUROPE) 6,274,137
TERANCE BURTON ESQ 141
TERENCE CHRISTOPHER DONOVAN ESQ 400
TERENCE FOWLER ESQ 5,000
TERENCE HARRISON ESQ 532
TERENCE MICHAEL CURTIS ESQ 1,000
TERRENCE JUNOR GREEN ESQ 56
TERRY FIELD ESQ 494
THE BANK OF NEW YORK (NOMINEES) 6,595,030
THE CORPORATION OF LLOYDS 21,000
THE DAMP DETECTORS LIMITED 766
THE MANIFEST VOTING AGENCY LIMITED 6
THE SECOND GENERATION COMPANY 366
THE TRUSTEES OF HASLAMS MANAGEMENT 2,000
THE VICTORIA OPERA HOUSE LIMITED 4,000
THEODORE ALEXANDER PATHY BOT ESQ 2,100
THOMAS ANTHONY IRVINE ESQ 360
THOMAS DEWSBURY FROST BOYD ESQ 3,000
THOMAS FREDERICK KENYON SMAILES ESQ 5,500
THOMAS GILLIGAN ESQ 2
THOMAS RICHARD ANDREW HIGHAM ESQ 2,662
THOMAS RICHARD BERTRAM ESQ 1,000
THOMAS WILLIAM KNIGHT 262,836
THOMSON FINANCIAL SERVICES LTD 2
TIMBER HILL (EUROPE) AG 415,298
TIMOTHY ALAN BEAUMONT ESQ 1,600
TIMOTHY JOHN LEE ESQ 1,000
TOM CHARLTON JONES ESQ 1,280
TONY GEORGE PAMPHILON ESQ 409
TORWOOD PROPERTY SERVICES LTD 200
TRANSACT NOMINEES LIMITED 368,019
TREVOR CHARLES COX ESQ 1,280
TREVOR FRANK THOMAS ESQ 798
TREVOR JOHN CURSON ESQ 600
TREVOR SUTTON ESQ 5,329
UJAGAR SINGH CHOHAN ESQ 1,000
UNION PENSION TRUSTEES LTD 230
VERNON FOX ESQ 1,899
VICTOR BARLOW ESQ 1,600
VIDACOS NOMINEES LIMITED 10,133,240
VIRTUS TRUST LIMITED 61,000
VIRTUS TRUST LIMITED RE: JL 50,000
W B NOMINEES LIMITED 51,115
W H IRELAND NOMINEES LIMITED 4,325
WAI MING CHEUNG ESQ 1,410
WALTER BRIAN WILLIAMS ESQ 213
WARD NOMINEES (ABINGDON) LIMITED 1,830
WESLEY SHAW ESQ 104
WILLIAM ALEXANDER WILLIAMS ESQ 1,000
WILLIAM BLACKHURST ESQ 850
WILLIAM DEAN ESQ 3,000
WILLIAM DENNIS WOODWARD ESQ 281
WILLIAM GRAHAM MAYOR ESQ 409
WILLIAM JAMES SINCLAIR ESQ 1,000
WILLIAM JOHN ALCOCK ESQ 1,000
WILLIAM RONALD CROZIER ESQ 4,300
WILLIAM SHANKS OSBORNE ESQ 225
WINTERFLOOD SECURITIES LIMITED 2,112,042
YIT-LUN VUN 2
YIU SUM JAMES WAT ESQ 2,000
YUK KUEN HO ESQ 2,000
ZOGGS (EUROPE) LIMITED 200
141
PART B
BLANE SUMMARY STATEMENT OF AFFAIRS AS AT 26 MARCH 2009
Note
Estimated
Book
Value
£'000
Estimated
to Realise
£'000
ASSETS
Assets subject to fixed charge:
Property 134 0
Long leases 80 0
Short leases 901 90
Cost of Investment 4,737 0
5,852 90
Less: Secured Creditor:
Consolidated chargeholder position 0 0
0 0
Surplus/(Deficit) to fixed charge holder 5,852 90
Assets not specifically pledged:
IT 345 35
Fixtures 5,974 299
Stock 14,063 5,197
Sales ledger 118 12
Voucher companies 74 52
Sundry financial debtors 1 0
Insurance claims 742 273
Sundry debtors 0 0
Intercompany balances 148,772 1,527
Automatic prepayments 839 8
Manual prepayments 29 0
Floats 67 54
171,024 7,456
Surplus arising from Fixed Charge and HP assets 0 0
Estimated total assets available for preferential creditors 171,024 7,456
LIABILITIES
Preferential creditors - employees
Preferential creditors (87) (87)
(87) (87)
Estimated Surplus/(Deficit) as regards preferential creditors 170,937 7,369
Fixed charge surplus 5,852 90
Estimated Surplus/(Deficit) of assets available for unsecured creditors 176,789 7,459
Unsecured Creditors
Trade creditors 1 (301) (301)
Accruals (644) (644)
Landlords 2 (52,871) (52,871)
HMRC (1,018) (1,018)
Employee claims - PAYE
Redundancy and notice
(257) (257)
(2,093) (2,093)
Estimated Overall (deficit to creditors) 119,605 (49,725)
142
SHARE CAPITAL
Ordinary Shares (57) (57)
Estimated Total (deficiency) as regards members 119,548 (49,782)
Notes to accompany the Statement of Affairs as at 26th March 2009
1. Trade creditors per the Statement of Affairs is net of claims for Retention of Title which
have been adjusted for in the stock figure. Reconciliation to appendix 2:
£'000
Gross Trade Creditors per appendix 2 321
Adjustment for ROT 20
Trade Creditors per Statement of Affairs 301
2. Landlords total liability has been calculated based on annual rents on a landlord by
landlord basis. The liability is calculated based on 2 years annual rent and service charge
(being the average time taken to re-let the property), plus a further 2 years annual rent (to
reflect a 2 year rent free period given to the new tenant) and 75% of current rent being
received thereafter, plus dilapidations (based on square footage), discounted at 5% (per
rule 11.13 of the Insolvency Rules 1986 setting out how to discount claims in a liquidation).
In an administration we have assumed that a number of leases will be assigned. The
amount included in the statement of affairs can be reconciled to the total liability as follows:
£'000
Gross Landlord liability per appendix 4 84,594
Reduction for potential assigned leases (31,723)
Landlords liability per Statement of Affairs 52,871
Members of Blane
Shareholder Shareholding Details of shares held
JJB Sports plc 57,143 Ordinary shares of £1
1 A' Ordinary share of £1
sterling 115603