Proposition for the payment of payment claims through a scheme of arrangement

A process that is legal a scheme of arrangement (the “Scheme”) is being proposed for the true purpose of assessing and paying compensation claims against Provident Personal Credit Limited (“PPC”) (which traded beneath the manufacturers Provident, Glo and Satsuma) and Greenw d Personal Credit Limited (“Greenw d”) for unaffordable lending. The Scheme would cover customers to who loans got by Provident, Glo, Satsuma or Greenw d, or who may have guaranteed in full a loan from Glo, between 6 2007 and 17 December 2020 april.