Article 79 Notice of declaration of a dividend
Where the SMCL administrator declares a dividend the SMCL administrator must deliver notice of that fact to all creditors who have proved their debts.
The notice must include the following particulars relating to the SMCL administration—
amounts raised from the sale of assets, indicating (so far as is practicable) amounts raised by the sale of particular assets;
payments made by the SMCL administrator when acting as such;
where the SMCL 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;
provision (if any) made for unsettled claims, and funds (if any) retained for particular purposes;
the total amount to be distributed and the rate of dividend; and
whether, and if so when, any further dividend is expected to be declared.