Singapore Exchange : SGX to inform note-holders of Ezra’s voluntary petition for reorganisation under US bankruptcy code, requires company to call note-holders’ meeting

Ezra Holdings Limited ('Ezra') has announced earlier today (19 March 2017) that it has filed voluntary petitions for reorganisation under Chapter 11 of the US Bankruptcy Code.

Singapore Exchange (SGX) is consequently taking the following steps to aid holders of the Ezra notes, which are custodised at the Central Depository (CDP).

First, SGX has required Ezra to convene a meeting with note-holders and the company is agreeable.

Second, SGX will write to holders of the notes which are custodised with CDP. CDP's record shows holders of the notes total 373. Investors whose notes are not held directly via their own CDP accounts but through nominee accounts should contact the nominee directly.

Third, SGX has compiled details of these note-holders and will make them available to the trustee of the note, HSBC Institutional Trust Services (Singapore) Limited. The trustee acts in the interest of the note-holders and takes action on their behalf upon instruction.

Fourth, SGX has informed the Securities Investors Association (Singapore) of the development and has invited SIAS and its legal advisers to participate in the arrangements put in place for note-holders.

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