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CSSF statement on ARM Asset backed Securities S.A. (ARM) and ARMS letter of 25 october 2011 sent to investors (The "Investor letter") on the proposed transaction between ARM and Insetco PLC (The"Insetco deal").
The present statement follows on from the ARM FAQ document published by CSSF press release 11/31 of 23 September 2011 and is to be read in conjunction with question 10.2 of that document which stated that the CSSF was liaising daily with ARM to ensure that ARMs intended consultation of investors regarding the Insetco deal was based on complete, not misleading and factually correct information. Since numerous bondholders have made requests to obtain more detailed information on the Insetco deal and in view of the fact that it now...
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