Borders and Angus & Robertson declare dividends for gift card holders

Creditors announce the only dividend for gift card holders of the now defunct booksellers
 
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  • Updated:12 Aug 2011
 

01.Borders and Angus & Robertson declare dividends for gift card holders

Administrators of the now defunct REDgroup Retail - the parent company of Borders and Angus & Robertson - have announced the only dividend to be declared for the booksellers' gift card holders.

Gift card holders had until April to use their cards at the stores. Those who missed the deadline are encouraged to register their claim and send their bank account information to Ferrier Hodgson, the appointed administrators of the company, by filling out the Gift Card Claim Form on their website.

It is anticipated that payment of the dividend will occur on 13 October 2011, and although the amount of the final dividend will depend on the value of total claims received, at this stage a value in the range of 25 to 50 cents to the dollar is expected.

Affected parties must return their forms to the following address by 1 September 2011.    

Ferrier Hodgson
Nicholas Polochacz
GPO Box 4114
SYDNEY NSW 8007

Queries can be directed to Nicholas Polochacz on (02) 9286 9845 or at redgroup@fh.com.au.

All information and forms for gift card holders and other interested parties can be found on the Ferrier Hodgson website.

 
 

 

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