Bradford & Bingley Shareholder Action Group

The following news items are a brief summary of news that will be of interest to our supporters. Note: go to Press_Releases for a list of the Press Releases issued by the Action Group. The latest news is at the top of the page.

The Banking Crisis and B&B's Accounts. 31/10/2011. This newsletter covers the impact the IFRS accounting standard had on banks and the financial crisis plus our withdrawal from the Upper Tribunal Case: Update_14

A Petition to Sign and Other News. 28/08/2011. Supporters were asked to sign a Government E-Petition on the nationalisation of B&B in this newsletter, which also contained other news: Update_13

Upper Tribunal Submission. 28/06/2011. The following submission was made to the Upper Tribunal on the 20th June after Mr Clokey, the Indepdendent Valuer had submitted his comments to them: Upper_Tribunal_Submission. This was reported to our supporters with some other comments in this note: Update_12

Upper Tribunal Appeal. 27/03/2011. The following is a note on what has been submitted to the Upper Tribunal to appeal against the valuation decision (on Form FTC3): Upper_Tribunal_Note. BBAG issued this note to all supporters about the appeal and encouraged them to submit their own representation to the Upper Tribunal and speak to their MPs requesting a public inquiry - see Update_11

Final Assessment Notice Issued - No Compensation for Shareholders. 14/03/2011. BBAG issued the following press release after Peter Clokey issued his "Revised" Assessment Notice that confirmed his zero valuation of the ordinary shares - see Press006

Letter to David Cameron. 09/03/2011. BBAG Chairman David Blundell wrote the following letter to Prime Minister David Cameron: Cameron_Letter

Update for Shareholders and Bondholders. 27/02/2011. This note was issued as a general update to the ordinary shareholders and bondholders: Update_10

Subordinated Bonds Tender Offer. 15/11/2010. This note was issued about the tender offer for the Perpetual Subordinated Bonds: Update_9. A corresponding press release was also issued: Press_005

A Meeting with the Independent Valuer. 22/9/2010. This note was issued concerning a meeting with the independent valuer and other recent actions: Update_7

Representation on Compensation. 1/9/2010. This note was issued to supporters to summarise our views on the valuation of the ordinary shares and the representation to the independent valuer, and it also contains a note on UKSA activities: Update_6. A press release reiterating the valuation issues was also issued in this document: Press_004.

Submission to Independent Valuer. 9/8/2010. The following letter has been sent to Peter Clokey, the Independent Valuer, in response to his Assessment Notice and subsequent communications: Valuation_Response . Some more information was provided in this newsletter to Ordinary Shareholders: Update_5

Updates for Shareholders and Bondholders. 18/07/2010. We issued these newsletters to brief shareholders and bondholders on the current position of the activities of this Group: Shareholders: Update_2 , Bondholders: Update_3.

Demand for Information. 15/7/2010. We issued this press release which explains that we need more information from the independent valuer to be able to properly comment on the valuation of the ordinary shares: Press_003

Nil Valuation Announced. 6/7/2010. The independent valuer of the shares in Bradford & Bingley has announced that he considers them of nil value and therefore shareholders will get no compensation. BBAG has issued the following press release with comments on this valuation: Press_002 . Needless to say that we will be taking legal advice on whether a challenge should be mounted.

New Legal Entity. 20/5/2010). This note was issued to supporters to announce the formation of a new legal entity for BBAG and to clarify the relationship with the UK Shareholders Association (UKSA): Note_to_Members

Letter to George Osborne. 19/5/2010). This letter was sent to George Osborne, the new Chancellor of the Exchequer, concerning the plight of Bradford & Bingley shareholders and bondholders: Letter_to_George_Osborne

Bondholders Update. 10/5/2010). This note was issued to explain the current position of the subordinated bonds (PIBS): Update_1