# The Insolvency Rules 1986, Rule 2.98: Notice of declaration of a dividend


(1) Where the administrator declares a dividend he shall give notice of that fact to all creditors who have proved their debts and, where a member State liquidator has been appointed in relation to the company, to the member State liquidator.
(2) The notice shall include the following particulars relating to the 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 administrator when acting as such;
(c) where the administrator proposed 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);
(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.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/2.98 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-2.98
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.