Sigma Finance Corporation
Sigma Finance Corporation: Appointment of Receivers
Sigma Finance Corporation / Miscellaneous Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- 7th October 2008 TO ALL INVESTORS COMPANY ANNOUNCEMENT SIGMA FINANCE CORPORATION (IN RECEIVERSHIP) SIGMA FINANCE, INC. Appointment of Receivers Alan Robert Bloom, Margaret Elizabeth Mills and Stephen John Harris (the 'Receivers') were appointed Receivers and Managers of Sigma Finance Corporation (the 'Company') on 6 October 2008. The Company is an investment company incorporated under the laws of the Cayman Islands with registered number 53258. The Company has issued notes under its US$10,000,000,000 Euro Medium-Term Note Programme and has guaranteed notes issued by Sigma Finance, Inc. under its US$50,000,000,000 Medium-Term Note Programme. Sigma Finance, Inc. is not in receivership. On 2 October 2008, Deutsche Trustee Company Limited (the 'Security Trustee') received notice from a Liquidity Provider notifying the Security Trustee of an Event of Default under the relevant Liquidity Facility and directing the Security Trustee, pursuant to Clause 6.11 of the Security Trust Deed, to enforce the security constituted under the Security Trust Deed. Such notice constitutes an Enforcement Event under the Security Trust Deed and the Enforcement Date therefore occurred on 2 October 2008. The Security Trustee is entitled to appoint a Receiver under the Security Trust Deed on or after the Enforcement Date. The appointment of the Receivers was duly made by the Security Trustee. Once the Receivers have reviewed the situation they will provide more detail in respect of the timetable for the Company to provide further information on the immediate strategy. The Receivers act as agents of the Company at all times and without personal liability. Contacts: Ernst & Young LLP 1 More London Place London, SE1 2A Attention: Alan Robert Bloom, Margaret Elizabeth Mills and Stephen John Harris 08.10.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Sigma Finance Corporation c/o Gordian Knot, Berkeley Square W1J 6AB London Großbritannien Phone: - Fax: - E-mail: - Internet: - ISIN: XS0160200282 WKN: - Listed: Foreign Exchange(s) London, SWX End of News DGAP News-Service ---------------------------------------------------------------------------
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