The difference between the RAM Investors Group and the Liquidation Committee

The RAM Investors Group (RAMIG) is not the same as the RAM Liquidation Committee, and RAMIG members should be clear in their minds about the difference.

The RAM Liquidation Committee was initiated by the liquidator (PwC) and comprises 7 members that were elected by postal ballot of investors.  The RAM Liquidation Committee’s job is to advise the liquidator, it cannot tell the liquidator what to do.

The liquidator is liable for his actions relating to the liquidation, the members of the RAM Liquidation Committee do not have any such liability.

Several members of the RAM Liquidation Committee are also members of the RAM Investors Group (RAMIG).

The Liquidation Committee has agreed that an update on matters discussed at their meetings will be provided in a summarised form following the meetings.  Whilst efforts will be made to provide as much information as possible, it should be noted that some matters discussed at these meetings will be confidential and/or subject to legal privilege.