Baillieu Valuation of VEC, page-544

I think you'll find the money received from the con-note holders is different to the face value of the con-notes as the 'interest' is built in to the face value, which might help to explain the difference in the amounts referred to in the announcement as in one they're talking about the funds received and in the other their talking about the face value of the con-notes.

But yes, still not happy about the parties who hold the con-notes!