People who lost money in the KSF (IoM) collapse will start seeing payments from the liquidator come their way as of early next month.
Based on cash currently in hand, the first payout would be 22.1 pence in the pound on September fourth, joint liquidator Mike Simpson of PricewaterhouseCoopers has announced.
The statement released goes on to say during the course of the next two weeks, further material receipts of cash are expected which, if received, would up that figure.
It says a further announcement will be made in the next few days at http://www.kaupthingsingers.co.uk/Pages/4126tp
Depositors are also due to see payments under the Manx government's Depositors' Compensation Scheme next month.
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