Dividends to creditors
Listed below is information regarding dividends declared to creditors:
Notice of Intention to pay a Ninth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a ninth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 15 February 2024. A ninth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available to download.
Notice of Declaration of an Eighth Interim Dividend
On 23 November 2023, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Joint Administrators declared an eighth interim dividend, being in part a share of the statutory interest entitlements of LBH’s unsubordinated, unsecured creditors, and in part a distribution in respect of LBH's unsecured, subordinated liabilities. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay an Eighth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow an eighth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 21 November 2023. An eighth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available to download.
Postponement of Eighth Interim Dividend
Access a copy of the letter confirming the postponement.
Notice of Intention to pay an Eighth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow an eighth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 28 April 2023. An eighth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available to download.
Notice of Declaration of a Seventh Interim Dividend
On 15 September 2021, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Joint Administrators declared a seventh interim dividend, being a share of the statutory interest entitlements of LBH’s unsubordinated, unsecured creditors. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a Seventh Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a seventh interim dividend to be made to unsecured, unsubordinated creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 9 September 2021. A seventh interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Notice of Declaration of a Sixth Interim Dividend
On 16 February 2021, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Joint Administrators declared a sixth interim dividend, being a share of the statutory interest entitlements of LBH’s unsubordinated, unsecured creditors. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a Sixth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a sixth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 12 February 2021. A sixth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Notice of Declaration of a Fifth Interim Dividend
On 15 March 2019, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Joint Administrators declared and paid a fifth interim dividend of 12.37 pence in the pound, plus a share of statutory interest, to all unsecured, unsubordinated creditors whose claims have been admitted for dividend purposes. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a Fifth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a fifth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 6 March 2019. A fifth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Notice of Declaration of a Fourth Interim Dividend
On 13 September 2018, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Joint Administrators declared and paid a fourth interim dividend of 18.587 pence in the pound to all unsecured, unsubordinated creditors whose claims have been admitted for dividend purposes. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a Fourth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a fourth interim distribution to be made to unsubordinated unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of 27 July 2018. A fourth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Notice of Declaration of a Third Interim Dividend
On 6 September 2017, pursuant to Rule 14.35 of the Insolvency (England and Wales) Rules 2016, the Joint Administrators declared and paid a third interim dividend of 62.963 pence in the pound to all unsecured, unsubordinated creditors whose claims have been admitted for dividend purposes. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a Third Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a third interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 4 September 2017. A third interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Further background information is available on LBH's latest progress report and on LBIE's website here.
Notice of Declaration of Second Interim Dividend
On 10 February 2016, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a second interim dividend of 2 pence in the pound to all unsecured unsubordinated creditors whose claims have been admitted for dividend purposes. The Joint Administrators are not yet in a position to estimate the likely timing or quantum of any future dividends. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a Second Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a second distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of Tuesday 5 January 2016. A second dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Notice of Declaration of a First Interim Dividend
On 3 September 2014, pursuant to Rule 2.98 of the Insolvency Rules 1986, the Joint Administrators declared and paid a first interim dividend of 4.08 pence in the pound to all unsecured unsubordinated creditors whose claims have been admitted for dividend purposes. Further dividends are anticipated, though the timing and quantum is uncertain at present. A copy of the Notice to all creditors who have proved their debt is available here.
Notice of Intention to pay a First Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a first distribution to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors who have not yet proved their debt stating a last date for proving of Thursday 31 July 2014. A first dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available here.
Contact us
Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom
Tel: +44 (0)7974 332659
