Shepherd Cox Brief Update.
We have been asked to update investors on the status of the bankruptcy petitions / IVA proposals of the former Shepherd Cox directors.
The first set of IVA Proposals for both directors were withdrawn and as yet no revised IVA Proposals have been presented to creditors. The bankruptcy petition against Nicholas Carlile was adjourned in February and the next hearing is now scheduled for May. The bankruptcy petition against Lee Bramzell was in court this week. It has also been adjourned with the next hearing scheduled for June.