Covering the Goulburn and Murray valleys

Banksia to meet investors in Shepparton in December

Investors in Banksia Securities Limited, which went into receivership last month, will meet with debenture holders in Shepparton on December 14.

November 14, 2012 3:00pm

Receivers and managers of Banksia Securities Limited McGrathNicol today announced a series of information sessions for BSL debenture holders would be held in two locations on Friday, December 14.

McGrathNicol also announced subject to no complications with the claims calculation process, the first payment to investors will be in the range of 10 to 15 cents in the dollar.

It plans to make the first payment to BSL debenture holders before Christmas.

McGrathNicol will host four debenture holder information sessions on the same the day: two in Shepparton from 10am-12pm and 1pm-3pm at the Shepparton Sports Stadium and two in Ballarat.

The same information will be provided to debenture holders at all four sessions, Receiver Tony McGrath said.

‘‘As you know BSL has offices spread right across Victoria so we needed to make sure that the venues chosen for the information sessions would be convenient for as many debenture holders as possible,’’ Mr McGrath said.

‘‘In making that decision, we evaluated the spread and concentration of debenture holders and the size of available facilities.’’

Debenture holders will receive a report on BSL’s activities and major assets as well as information on the timing and quantum of future payments, prior to the December 14 information sessions.

Debenture holders should contact the debenture holder hotline on 1800 722 079 to register for these information sessions.

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