Dividends to creditors

Listed below is information regarding dividends declared to creditors:

Final Dividend

Notice of Declaration of a Final Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 30 July 2015 the Joint Administrators declared a final dividend equating to 8.9 pence in the pound to all remaining unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Joint Administrators’ notice can be found here.

Notice of Intention to pay a Final Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 8 June 2015 the Joint Administrators gave notice of their intention to make a final dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

Fourth Dividend

Notice of Declaration of a Fourth Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 27 August 2014 the Joint Administrators declared and paid a fourth interim dividend of 8.5 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. This takes the total dividend to 51.7 pence in the pound. A copy of the Joint Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Fourth Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 25 July 2014 the Joint Administrators gave notice of their intention to make a fourth dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors. A copy of the notice can be found here.

 

Third Dividend

Notice of Declaration of a Third Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 13 March 2014 the Joint Administrators declared and paid a third interim dividend of 3.2 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. This takes the total dividend to 43.2 pence in the pound. A copy of the Joint Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Third Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 19 February 2014 the Joint Administrators gave notice of their intention to make a third dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors.. A copy of the notice can be found here.

 

Second Dividend

Notice of Declaration of a Second Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 2 September 2013 the Joint Administrators declared and paid a second interim dividend of 10 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. This takes the total dividend to 40 pence in the pound. A copy of the Joint Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a Second Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 11 June 2013 the Joint Administrators gave notice of their intention to make a third dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors.. A copy of the notice can be found here.

 

First Dividend

Notice of Declaration of a First Dividend

Pursuant to Rule 2.98 of the Insolvency Rules 1986, on 27 September 2012 the Joint Administrators declared and paid a first interim dividend of 30 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes. A copy of the Joint Administrators’ notice to all creditors who proved their debt can be found here.

Notice of Intention to pay a First Dividend

Pursuant to Rule 2.95 of the Insolvency Rules 1986, on 18 June 2018 the Joint Administrators gave notice of their intention to make a first dividend distribution to the preferential creditors (if any) and to the unsecured, non-preferential creditors.. A copy of the notice can be found here.

 

Contacts

Dan Yoram Schwarzmann, Edward John Macnamara, David James Kelly and Gillian Eleanor Bruce were appointed as Joint Administrators of LB UK RE Holding Linited to manage its affairs, business and property as agents without personal liability. Dan Yoram Schwarzmann, Edward John Macnamara, David James Kelly and Gillian Eleanor Bruce 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. 

LB UK RE Holdings Limited registered in England and Wales with registered no.05347966.

VAT registration no. 446 9315

Contact us

Dan Schwarzmann

Dan Schwarzmann

Head of Market Initiatives and Non-Executive Director Programme Chair, PwC United Kingdom

Tel: +44 (0)7778 211066

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

Follow us