KSFIOM Liquidator 05 Oct 2018: Quarterly Update

Category: Newsflash

"Cash balances decreased by approximately £151,000 during the quarter. Interest received totalled £21,000. Dividends paid totalled £114,000. Legal expenses totalled £47,000. Other liquidation expenses totalled £11,000.

Statutory Interest

As previously advised, there will be a hearing at the Isle of Man High Court on 30 October 2018 to consider matters relating to statutory interest. There will be a further announcement on this website once the Court's judgment has been received. Once the decision of the Court is known, it should also be possible to set out the timetable for the final distribution and the completion of the liquidation.

See the bank website for a summary of the cash position.