Yn fy Natganiad Ysgrifenedig dyddiedig 12 Gorffennaf, dywedais wrth yr Aelodau fod Southern Cross wedi cyhoeddi bod masnachu yn ei gyfranddaliadau wedi’i atal ac y byddai’r broses ailstrwythuro yn golygu bod gweithrediad holl gartrefi gofal y cwmni yn cael ei drosglwyddo i’w landlordiaid a darparwyr gofal eraill. Roedd hyn yn cynrychioli cyfnod yn y broses barhaus, a gytunwyd rhwng y cwmni, ei landlordiaid a benthycwyr, ar gyfer ailstrwythuro cydsyniol a diddyled. Mae trafodaethau’n parhau i ddatrys y camau sy’n weddill.
In my Written Statement of 12 July I informed Members that Southern Cross had announced that trading in its shares had been suspended and its restructuring process would see the operation of all the company’s care homes being transferred to their landlords and alternative providers of care. This represented a phase in the ongoing process, agreed between the company, its landlords and lenders, for a consensual, solvent restructuring. Discussions to resolve the remaining steps are continuing.