OpenLegislation

Rule 69 Notice of declaration of a dividendI1

England and Wales

(1)

Where the postal administrator declares a dividend the postal administrator 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 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 postal administrator when acting as such;

(c)

where the postal 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) 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; and

(f)

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

Annotations

Commencement

I1

Rule 69 in force at 31.1.2014, see rule 1