Lawyers acting on behalf of Lord McAlpine issued the following statement:
Following the request that Twitter users who falsely accused Lord McAlpine of child abuse come forward, formally apologise and pay a sensible and modest amount in compensation to charity via solicitors RMPI LLP, the fixed donation amount is yet to be assessed.
However, this will be to Lord McAlpine’s charity of choice, BBC Children In Need, and will be in addition to an administration fee.
Given the large amount of information that continues to be disseminated, the band for which the charity payment will be settled shall be when Lord McAlpine has a full understanding of this material.
The donation is intended for tweeters with fewer than 500 followers, but those with larger numbers of followers are still encouraged to identify themselves and offer their formal apologies at this stage.
More top news
Some parts of the UK will be dry and bright on Sunday but on the coast there will be wintry showers and temperatures will remain low.
The live stage version of Peter Kay's Phoenix Nights has reportedly been cancelled after actor Ted Robbins collapsed on opening night.
The much-loved local character, who had lived on the city's streets for decades, died in hospital this week after falling ill.