Sept. 16 A group of Co-Operative Bank
bondholders submitted a proposal to the bank on how to
recapitalize.
* Moelis & Company UK LLP, representing 43% of lower tier-2
bondholders submits plan
* Suggest converting subordinated bonds and preferred shares
to common shares
* Offer to make up any shortfall to PRA requirements
* Request discussions with bank
* Moelis is financial advisor and Shearman & Sterling (London)
LLP legal counsel to the LT2 Group
* Moelis makes comments in e-mailed statement today