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Rule 75 Notice of declaration of a dividend

Original text. Later amendments are not shown.

(1)

Where the nuclear administrator declares a dividend, the nuclear administrator must deliver notice to all creditors who have proved their debts.

(2)

The notice must include the following relating to the relevant licensee nuclear company administration—

(a)

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

(b)

payments made by the nuclear administrator when acting as such;

(c)

where the nuclear administrator proposed to make a distribution to unsecured creditors, the value of the prescribed part, unless there is no prescribed part or 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 to be distributed and the rate of dividend;

(f)

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