PART 7DISTRIBUTION OF CREDITORS

CHAPTER 3Quantification of claims

Notice of declaration of a dividendI166

1

Where the energy administrator declares a dividend he shall give notice of that fact to all creditors who have proved their debts.

2

The notice shall include the following particulars relating to the energy administration—

a

amounts raised from the sale of assets, indicating (so far as practicable) amounts raised by the sale of particular assets;

b

payments made by the energy administrator when acting as such;

c

where the energy administrator proposes to make a distribution to unsecured creditors, the value of the prescribed part, except where the court has made an order under section 176A(5) of the 1986 Act;

d

provision (if any) made for unsettled claims, and funds (if any) retained for particular purposes;

e

the total amount of dividend and the rate of dividend;

f

how he proposes to distribute the dividend; and

g

whether, and if so when, any further dividend is expected to be declared.