LONDON, June 27, 2018 /PRNewswire/ --
Winterbrook Capital Limited ("Winterbrook") announces that on 1 June 2018 and 19 June 2018, legal advisers acting for one of its funds, Winterbrook Global Opportunities Fund (the "Fund"), wrote letters to the Board of Novo Banco, S.A. notifying them of various events of default which the Fund considers have occurred and are continuing in respect of certain notes under the €10,000,000,000 and €20,000,000,000 Euro Medium Term Note Programmes originally issued by BES Finance Ltd (now NB Finance Ltd) (the "Notes"). The 1 June 2018 letter constituted a letter before action for the purposes of the Practice Direction - Pre-Action Conduct and Protocols of the English Civil Procedure Rules.
Winterbrook has made this announcement to ensure that all stakeholders are aware of the foregoing matters which Winterbrook believes may not have been communicated to all interested parties.
Notes to Editors
About Winterbrook Capital Limited
Winterbrook is a London based, event driven asset manager founded in 2015. Winterbrook is authorised and regulated by the Financial Conduct Authority.
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SOURCE Winterbrook Capital Limited