babcock shareholders to be wiped out, page-23

I'm not sure this is all over yet.
The notice is cryptic.
It states that on the figures, no value for share and note holders on a reconstruction.
Subsequent notice could start like this
"but, our bankers have agreed that it would not be in the interests of all stakeholders , for BNB to go into administration. Therefore a meeting of BNB note and shareholders will be called to vote on the following proposals,
1. issue of x shares to bankers
2. issue of y shares to noteholders
3. reorganisation of debt conditions as per ...."

In other words, this may be the opening gambit, for the bank to take
90,91,92% or more of company, ala CNP

Small hope anyway.
Good luck all.

have bbi and beppa