nonstandard finance on friday said that an orderly wind down is most likely after transferring its everyday loans business to secured lenders and that it intends to delist its shares from the london stock exchange the uk provider of consumer finance said its scheme of arrangement has been sanctioned by the court but that given it hasnt been able to carry out its planned equity raise to fund the scheme it will resort to an alternative transaction to ensure its effectiveness this transactionwhich will be implemented at the end of june or early julyinvolves the transfer of its everyday loans business to the secured lenders who in return will release a portion of their secured debt and the provision of a new lending facility nonstandard will use it to fund the partial redress of claims under the scheme and the schemes costs this will result in no recovery for shareholders it added we will now take steps to implement that fallback transaction which will allow the group to grow and develop the everyday loans business continue to provide much needed funding solutions for customers and protect the position of the groups employees chief executive jono gillespie said