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.
Extracts from HM Treasury's report on the failure of KSF (UK):
"As a result of the resolution of a number of significant issues in the administration, including the recent settlement agreement with Kaupthing hf, the Administrators advise that
A 7th KSFIOM dividend of 7.8p/£ will be paid on15th June 2012, bringing the total distribution to date to 91.0 p/£.