HIBU announces : some lenders of the 2006 facility may launch lawsuits to recover amounts due to them, worth about £65m.
Share price is down 9% at the time of writing. I don’t think this changes much, though. I doubt that the majority of the creditors are behaving irrationally, and the minority might be better served by following the crowd. Maybe they just want their loan to stand as is, and this action will help them get what when the capital is restructured.
0.300p . Yowsers.
Mark Carter's blog 