Dividends to creditors

Listed below is information regarding dividends declared to creditors:

Thirteenth Dividend

Notice of declaration of Thirteenth Dividend

On 18 February 2025, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Administrators declared and paid a thirteenth interim dividend of 1.3021 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. Further dividends are anticipated, though the timing and quantum is uncertain at present. A copy of the notice to all unsecured creditors who have proved their debts is available here.

Notice of Intention to pay a Thirteenth Dividend

Based on current information, the Administrators are of the view that there are sufficient realisations to allow a thirteenth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 13 January 2025. A thirteenth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available to download.

Contacts

If you have any queries in relation to Eldon Street's administration, please send an email to uk_lehmanaffiliates@pwc.com.

Edward John Macnamara, Gillian Eleanor Bruce and David James Kelly are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.  The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics

The Joint Administrators may act as controllers of personal data, as defined by the UK data protection law, depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators' appointment. Further details are available in the privacy statement on the  PwC.co.uk  website or by contacting the Joint Administrators.

Contact us

Ed  Macnamara

Ed Macnamara

Partner, Head of Restructuring, PwC United Kingdom

Tel: +44 (0)7739 873104

David Kelly

David Kelly

Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom

Tel: +44 (0)7974 332659

Gillian  Bruce

Gillian Bruce

Director, PwC United Kingdom

Tel: +44 (0)7715 540817

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