Belfast Telegraph

Cattles claimants celebrate victory

Shareholders who refused an offer of 1p a share for their stakes in sub-prime lender Cattles were celebrating a £16m settlement.

The group of 60 claimants has been locked in a legal battle with Welcome Financial Services, a subsidiary of Cattles, since its shares were suspended in 2009. The largest payout is understood to be over £3m, with the smallest £6,000.