Pursuant to Rule 179 of The Investment Bank Special Administration (England and Wales) Rules 2011, the Administrators have declared a second interim dividend of 22 pence in the pound to all unsecured creditors whose claims have been admitted for dividend purposes, bringing the cumulative amount distributed to creditors with agreed claims to 65 pence in the pound. A copy of the Administrators’ notice to all creditors who have proved their debts and to the Financial Conduct Authority can be viewed or downloaded here (PDF 56 KB).
Please note that a further distribution from the client money pool will not be made at this stage. The cumulative amount distributed to client money claimants with agreed claims remains at 70 cents in the dollar.
17 October 2013