Update from KSFIOM Liquidators 02 Mar 2011

Category: Newsflash

KSFUK claim

I can confirm that the bank's claim in the administration of Kaupthing Singer & Friedlander Limited (in Administration) has been agreed at £246.1m. A catch up dividend of £21.8m has now been received, which brings total receipts in respect of this claim to £130.4m, being 53 pence in the £. There is no further update from the Administrators regarding their estimated outcome, which remains at 75 to 84 pence in the £.

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