The Energy Administration Rules 2005

Notice of declaration of a dividendE+W

This section has no associated Explanatory Memorandum

66.—(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.

Commencement Information

I1Rule 66 in force at 1.10.2005, see rule 1