Business and Property Courts of England and Wales, Insolvency & Companies List (ChD) Court Number: CR-2019-006671
01747595Registered office: C/O S&W Partners LLP Restructuring Department, 45 Gresham Street, London, EC2V 7BG
In the matter of the Investment Bank Special Administration Regulations 2011 and the Investment Bank Special Administration (England and Wales) Rules 2011
On 8 October 2019, Mark Ford, Adam Stephens and Henry Shinners, each now of S&W Partners LLP, were appointed as the Joint Special Administrators (“JSAs”) of Reyker pursuant to The Investment Bank Special Administration Regulations 2011.
Notice is hereby given that the JSAs have now issued a “Long Stop Date Notice”, in accordance with clauses 1.1 and 3.5 of the distribution plan approved by Mr Justice Trower on 16 October 2020 in relation to Reyker, in accordance with rule 146(2) of the Investment Bank Special Administration (England and Wales) Rules 2011, and which was amended on 28 April 2021 and 17 November 2023 with the approval of the creditors' committee (the “Distribution Plan”).
The Long Stop Date Notice records that the JSAs have determined, acting reasonably, that they have achieved Objective 1 (as defined in the Distribution Plan) to the extent reasonably practicable. The Long Stop Date Notice is dated 1 April 2026 and was sent to clients on that date. The Long Stop Date (as defined in the Distribution Plan) will therefore be 5 June 2026.
The Long Stop Date Notice is available at the following website address: https://www.swgroup.com/services/restructuring-services/reyker-securities-plc
If you consider that Reyker continues to hold Client Assets (excluding client money) to which you are entitled, please contact the JSAs as a matter of urgency and, in any event, prior to the Long Stop Date.
If, by the Long Stop Date, Reyker continues to hold client assets which the JSAs have determined (in their absolute discretion, acting reasonably) cannot be the subject of a Transfer or Distribution (each as defined in the Distribution Plan) for any legal or practical reason, the JSAs will not be obliged to take any further action with respect to such assets pursuant to the Distribution Plan and will be released from any obligations under the Distribution Plan to take action.
Alternatively, in certain circumstances (including where a client has not provided the JSAs with valid instructions in respect of their assets), any remaining assets may, in the JSAs’ discretion, be liquidated after the Long Stop Date, with the proceeds of such liquidation being returned to relevant clients, subject to any deductions in respect of costs or liabilities to Reyker.
Next Steps
This notice will bea. made available to all Clients of Reyker whose claims for the return of Client Assets the JSAs are aware of, where the JSAs have a means of contacting those clients; b. made available to all those persons whom the JSAs believe have a right to assert a security interest or other entitlement over client assets, where the JSAs have a means of contacting those persons; c. advertised in the London Gazette; d. advertised in The Financial Times and the internationally distributed edition of The Financial Times; e. sent to the Financial Conduct Authority; and f. placed on the dedicated Reyker Securities Plc (in Special Administration) webpage on the S&W Partners LLP website. Clients may request a hard copy of this notice from the JSAs. The JSAs may be contacted by the following means:
Emailclientservices@reyker.com
Telephone+44 207 397 2586
PostReyker Securities Plc (In Special Administration) C/O S&W LLP Restructuring Department, 45 Gresham Street, London EC2V 7BG
The affairs, business and property of Reyker Securities Plc are being managed by the special administrators, Mark Christopher Ford, Adam Henry Stephens and Henry Anthony Shinners of S&W Partners LLP, who act as agents of Reyker Securities Plc without personal liability. Reyker Securities Plc is authorised and regulated by the Financial Conduct Authority, FCA reference number 115308. Registered in England with company number 1747595. Registered office 45 Gresham Street, London EC2V 7BG. We are bound by the insolvency Code of Ethics when carrying out all professional work relating to an insolvency appointment, a copy of which can be found at www.icaew.com/regulation/insolvency/sips-regulations-and- guidance/insolvency-code-of-ethics. All S&W Partners LLP insolvency practitioners are authorised and licensed in the UK by the Institute of Chartered Accountants in England & Wales. Further details of their licensing body, along with our complaints and compensation procedure can be accessed at www.swgroup.com/legal-regulatory-and-compliance/insolvency-licensing-bodies. The Fair Processing Notice in relation to the General Data Protection Regulation can be accessed at www.swgroup.com/legal- regulatory-and-compliance/privacy-notices/privacy-notice-sw-restructuring-and-recovery-services.
Should you wish to be supplied with a hard copy of any notice, attachments or documents relating to a case matter please contact a staff member by telephone, email or post.
Ag PK12942
Recorded in The Gazette, issue 65054, 29 April 2026