Creditors vote 94% in favour of Supple rescue deal

CREDITORS at a troubled Cork construction company have voted overwhelmingly in favour of accepting a rescue package, which will see them receiving 75c in the €1 of their debt.

More than 300 representatives of the 263 creditors of John F Supple Ltd assembled at a Cork city hotel yesterday to hear a presentation on the estimated €14 million that was owed to them.

The biggest creditor, John A Wood, was owed as much as €750,000 and the top 10 were owed an average of €250,000.