Fw: JMWT Midco Limited [MACS-LIVE_LIB.FID2417632]

Please see attached.

Bibi Ally
Senior Legal Executive
Macfarlanes LLP

Hi Brad/Eileen,

I spoke with Peter this morning and he confirmed the following:

• Statutory accounts must be filed within 9 months of the financial year end (March for the JMW T accounts)

• Tax returns must be filed within 12 months of the financial year end (June for JMWT accounts) you were correct on this.

• I also spoke with Pete on the preference shares and associated loan, BDO have advised we can move these from JMWT Ltd to JMWT Acquisition LLP and would have no impact from a UK tax perspective and we could adjust in the 2014 statutory accounts. They did not comment if any US Tax implications.

Also on a side note we have received another notice on the JMWT companies today. I have advised Pete to reach out to MacFarlanes and have them contact the companies to advise we will file accounts but will most likely not meet the 28 days per this notice.

As per our discuss anything you can do to push this along will be greatly appreciated.

Thanks for your help here and enjoy the long weekend.

Regards,

John.

What this means is we can adjust the books to accurately reflect the 3.2mm purchase of pref stock by Press parent, ie, no implications in getting rid of the inappropriately recorded loan. I think we shld also get rid of topco, midco now but your call. Speak this w/end or next week. Sent from my Verizon Wireless BlackBerry