As at 9th August 2016 liquidator says, "We have had a couple of issues here which mean we have to return to court before issuing the dividend. I would hope we can still issue the cheques within two weeks or so. It will be a first and final dividend payment to shareholders, following which the liquidators will seek their release and dissolve the company. We are currently envisaging a distribution in the region of 0.03 pence per share. To put that into context, a shareholder who had 1000 shares would get 30 pence. Regards Mike Mike Penrose Advisory KPMG Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda"
Correction to previous, should read "As at 05/04/2016....."
Update from the liquidators as at 05/05/2016: "As a brief update to the statutory process, we have held first meetings of creditors and contributories and Mike Morrison and Charles Thresh have been appointed as permanent liquidators. We are now proceeding to call for creditor proofs of debt, pay creditor claims and then make a distribution to shareholders, assuming enough funds remain in the estate. We currently anticipate a small distribution to shareholders subject to no new creditor claims emerging. We would expect that a shareholder distribution would occur in 2-3 months, should enough funds remain."
From the liquidator, "As you may be aware, Clean Air Power Limited (the "Company") is in a provisional liquidation process per a Court Order granted by the Supreme Court of Bermuda on 2 September 2015. Mike Morrison and Charles Thresh were appointed as joint provisional liquidators ("JPLs"). This has been publicized via the LSE / AIM. There is a small cash balance remaining to the Company following the sale of the underlying business to Hardstaff Dual Fuel Technologies. Subject to creditor claims in the liquidation, as well as fees and expenses of the liquidation, there may be a small distribution to shareholders. However, at this juncture we cannot confirm whether any distribution will be payable as the claims process has not been completed. The JPLs expect to be communicating with shareholders in the next week or so by post, and potentially through announcements made via the stock exchange. Regards Mike Mike Penrose Advisory KPMG Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda"