Pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators have declared a fourth interim dividend of 7.8 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes.
This brings the cumulative dividend to 100.0 pence in the pound, with further dividend payments dependent on some of the issues concerning creditors’ rights to the surplus beyond 100.0 pence in the pound being resolved.
Payment of the fourth interim dividend will be made on, or around, 30 April 2014 to creditors with admitted claims. Further details of your claim and dividend calculation, if applicable, are now available by accessing your user account on the Client Information Portal. Payments will be made to creditors in sterling via the Standard Settlement Instructions provided through the Client Information Portal.
For any queries relating to Portal access, please contact the Communications and Counterparty Management team at logons@lbia-eu.com.
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659