ASIC Published Notices

Notice is given that a second meeting of the creditors of the Company, or a second meeting for each of the Companies, (for multiple companies), will be held:

(If multiple companies, see special instructions for meeting times)

The purpose of the meeting(s) is:

1. to receive the report by the Administrator(s) about the business, property, affairs and financial circumstances of the Company(ies); and
2. to receive a statement of Administrator(s) opinion and reasons for the opinion:
   1. whether it would be in the creditors' interests for the Company(ies) to execute a deed of company arrangement;
   2. whether it would be in the creditors' interests for the administration to end;
   3. whether it would be in the creditors' interests for the company to be wound up;
3. to receive a statement of such other information known to the administrator as will enable the creditors to make an informed decision about the matters at paragraphs 2(a) – (c) above;
4. to receive details of any transactions that appear to the Administrator(s) to be a voidable transaction in respect of which money, property, or other benefits may be recoverable by a liquidator under part 5.7B of the Act
5. to receive details of any proposed deed of company arrangement; and
6. for the creditors of the Company(ies) to resolve that:
   1. the Company(ies) execute a deed of company arrangement; or
   2. the administration(s) should end; or
   3. the Company(ies) be wound up.

Other agenda items are:

7. To consider, and if thought fit approve, the Administrators' historical and prospective remuneration.

8. If the Armour Energy Group enter into a Deed of Company Arrangement, to appoint the Deed Administrators and consider and if thought fit approve their prospective remuneration and that of any subsequent Trustee of the Creditors' Trust.

9. If the Armour Energy Group are wound up, to consider:
a. approving the Liquidators' prospective remuneration;
b. the appointment of a Committee of Inspection (COI);
c. a resolution regarding the ability of COI members to derive a profit or advantage despite the operation of IPS 80-55;
d. authorising the Liquidators to compromise debts of the Armour Energy Group beyond the prescribed amount of $100,000 under Section 477(2A) of the Corporations Act;
e. authorising the Liquidators to enter into agreements that may take longer than three months to complete under Section 477(2B) of the Corporations Act; and
f. authorising the Liquidators to consider the early destruction of books and records at the conclusion of the winding up of the Armour Energy Group.

10.To discuss any other relevant business which may arise.

Creditors wishing to attend are advised proofs and proxies are to be submitted to the Administrator by:

Should you wish to attend, or nominate someone to attend by proxy or attorney on your behalf, and you do not get a registration link directly, please contact the Administrators by email (armourenergy@mcgrathnicol.com) or telephone (+61 2 9248 9962) by no later than 1:00 PM AEST / 2:00 PM AEDT on Thursday, 18 January 2023 and you will be provided with detailed instructions on how to participate in the meeting.

Damien Pasfield
Joint Administrator

Jonathan Henry Mark Holland
Joint Appointees