Compulsory liquidation of Thomas Cook Group plc」
September 23, 2019
Further to the announcement made on 20 September 2019, Thomas Cook Group plc (“the Company”) continued to engage with a range of key stakeholders over the weekend in order to secure final terms on the recapitalisation and reorganisation of the Company.
Despite considerable efforts, those discussions have not resulted in agreement between the Company’s stakeholders and proposed new money providers. The Company’s board has therefore concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect.
An application was made to the High Court for a compulsory liquidation of the Company before opening of business today and an order has been granted to appoint the Official Receiver as the liquidator of the Company. We anticipate that the Official Receiver will make an application to the High Court for members of AlixPartners UK LLP to be appointed as Special Managers in respect of the Company, to act on behalf of the Official Receiver, and we further anticipate that an order will be granted to that effect. As part of this process, a number of other Thomas Cook Group companies have also entered into compulsory liquidation, with members of either AlixPartners UK LLP or KPMG LLP (depending on the company) being appointed as Special Managers in respect of the relevant Group companies.
We expect that AlixPartners UK LLP will now work very closely with the Civil Aviation Authority in the UK, to effect the repatriation of all UK customers impacted by this announcement.
Peter Fankhauser, Chief Executive of Thomas Cook commented:
“We have worked exhaustively in the past few days to resolve the outstanding issues on an agreement to secure Thomas Cook’s future for its employees, customers and suppliers. Although a deal had been largely agreed, an additional facility requested in the last few days of negotiations presented a challenge that ultimately proved insurmountable.
“It is a matter of profound regret to me and the rest of the board that we were not successful. I would like to apologise to our millions of customers, and thousands of employees, suppliers and partners who have supported us for many years. Despite huge uncertainty over recent weeks, our teams continued to put customers first, showing why Thomas Cook is one of the best-loved brands in travel.
“Generations of customers entrusted their family holiday to Thomas Cook because our people kept our customers at the heart of the business and maintained our founder’s spirit of innovation.
“This marks a deeply sad day for the company which pioneered package holidays and made travel possible for millions of people around the world.”
The Company has requested that its ordinary shares be suspended from listing on the premium segment of the Official List of the FCA and from trading on the main market of the London Stock Exchange with immediate effect.
For press queries relating to the repatriation and future travel of Thomas Cook customers please contact the CAA on email@example.com.
For press queries relating to the affairs of The Thomas Cook Group please contact The Insolvency Service on firstname.lastname@example.org.
For shareholder queries please contact TCUKshareholders@alixpartners.com
For any creditor queries please contact TCUKcreditors@alixpartners.com
- 奈良公園の鹿せんべいでの鹿の餌付け、観光客減で爆釣状態の今がチャンス？ (2020/02/09)
- 難民船と化したクルーズ船、プリンセスダイヤモンド(princess diamond)の最新情報は英語でのみ発信 (2020/02/09)
- 毎日新聞中島章隆記者の記事で出てくる館山市の旅館松庵、台風被害で営業困難なのに最高評価の口コミが？ (2020/01/11)
- 暴力団経営の館山市屋形船観光船の提灯記事を書いた毎日新聞中島章隆記者の、館山市国民宿舎の不思議記事 (2020/01/11)
- 「株式会社リゾネット、15カ月の新規勧誘業務停止・役員の業務禁止命令の行政処分」記事への妨害コメントに必死な者の情報を限定公開 (2019/10/23)
- 旅行会社のてるみくらぶ、9月25日付けで破産手続終結。懐かしの画像でてるみくらぶを振り返る。 (2019/10/08)
- 指でOKサインはアメリカでNG（'OK' Hand Gesture Added to ADL Extremist Symbol List） (2019/10/06)
- ハワイにモロイカ島という新島の情報を紹介by 窪田順生氏@ダイヤモンドオンライン (2019/07/18)
- 麺屋 八重山style＠石垣島が日本人入店拒否、公的補助金貰っていたらアウトの可能性 Racism noodle restaurant@Ishigaki, Japan (2019/07/14)
- ハワイ旅行では信号点滅時の横断歩道横断開始は厳禁、スマホながら横断もアウト。罰金徴収強化開始。 (2019/07/12)
- メルパルク仙台、グダグダ結婚式運営で大炎上？ 運営会社の親会社がワタベウェディング、のギャグ (2019/07/09)
- 栄枯盛衰・輪廻転生の熱海；古絵葉書「想い出の熱海」 (2019/07/01)
- 株式会社リゾネット、15カ月の新規勧誘業務停止・役員の業務禁止命令の行政処分by関東経済産業局 (2019/05/28)
- Starwood Database Incident （スターウッドの個人情報大流出）のおかげで今日も迷惑メールが殺到ｗ (2019/04/29)