JDC TECHNICAL EVALUATION REPORT

Subject: Global Media Group Services / Midlands Radio / GWR Pension Scheme

Reference: UID 6070

Market Authority: London & International Markets

Case Ref: GLB-MED-2026 / 2604

Gazette Notice Ref: 5131611

Date: 18.05.2026

Status: Winding-up / Cutoff: 12 July 2026

Case Summary (Tier 4): Formally entered the winding-up sequence via a Section 27 statutory notice. The trustees have fully transferred all underlying liabilities and member benefits to an insured bulk annuity structure. The system has initiated a two-month hard countdown (ending 12 July 2026) to catch any unregistered claimants before total asset distribution and structural liability cutoff.

Case Detail (Tier 5):

• Holding Company Name: GLOBAL MEDIA GROUP HOLDINGS LIMITED (Company Number: 06251684)
• Registered Office Address: 30 Leicester Square, London, WC2H 7LA
• The Legacy Corporate Trail: This entity holds massive historical weight. Before consolidating into Global Media Group Services, it operated under several prominent regional legacy names:

o          GWR Radio Services Limited (1997 – 2005)

o          GCap Media Services Limited (2005 – 2008)

o          Global Radio Services Limited (2008 – 2021)

• The Ledger Play: The winding-up trigger for this specific scheme marks a definitive exit phase for the old GWR and GCap midlands legacy liability blocks, offloading them entirely into the bulk annuity market. The entry of this massive media pension scheme on 12 May 2026 represents a substantial legacy liability shift into an insured bulk annuity structure.

Additional Comment:

N/A