HIBU has proposed a scheme subject to the approval of 75% of the lenders (http://is.gd/FPcdzJ).
“The Group can confirm that the terms of the restructuring allow for no payment to shareholders and that the shares of hibu plc have no value.The Board of Directors has therefore taken the decision to suspend the listing of shares in hibu plc and the trading of those shares on the London Stock Exchange with effect from 07:30 BST today.”
