We are pleased to announce that the upgrade of the site, which had become essential for security reasons, is now complete.
Key points of interest for KSFIOM depositors are:
An 8th KSFIOM dividend of 4.8p/£ will be paid on 28th June 2013, bringing the total distribution to date to 95.8 p/£.
Our current expectation for the final outcome for creditors is that it will be in the range of 97.2% to 99%. However, as the potential exists for the outcome to exceed 100%, the Committee of Inspection asked us to outline how interest would be calculated and prioritised should 100% be exceeded.
Now available on the KSFIOM website:
1) cash balances and loan book position at 30 September 2012;
2) minutes of the Committee of Inspection meeting held on 13 July 2012.