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Notice

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Corporations Act 2001
Paragraph 436E(3)(b) - Regulation 5.3A.03A and
Paragraph 450A(1)(b) - Regulation 5.3A.07A

COMBINED NOTICE OF APPOINTMENT AND FIRST MEETING OF CREDITORS OF COMPANY UNDER ADMINISTRATION

Company details

Company: Board Express Pty Limited
ACN: 124 659 696
Trading name: Board Express
Status: Administrator Appointed
Appointed: 31 October 2019
Appointor: under section 436A, the Company

Appointment details
Administrator(s): Steve Naidenov

See Company details (above) for the date of appointment and the section of the Act under which the administrator was appointed.

Meeting details

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

Location: Veritas Advisory, Level 5, 123 Pitt Street, Sydney NSW 2000
Meeting date: 12 November 2019
Meeting time: 11:00AM

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

Agenda

The purpose of the meeting(s) is to consider:

  1. whether to appoint a committee of inspection; and
  2. if so, who are to be the committee's members.

At the meeting, creditors may also, by resolution:

  1. remove the administrator(s) from office; and
  2. appoint someone else as administrator(s) of the Company.
Proof of debt and proxies

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

Time: 4:00PM
Date: 11 November 2019

Special instructions

The purpose of the meeting is for creditors to consider and, if thought fit, pass the following resolutions:

- Subject to them being entitled to seek an increase in either or both the hourly rates or the capped amount, that the remuneration for the period from 31 October 2019 to the completion of the Voluntary Administration of the Voluntary Administrator and the persons who will or likely will be assisting them be calculated on a time-cost basis at the rates specified in Annexure D to the Report to Creditors dated 4 November 2019 and determined in an amount capped at $30,000 plus GST and that the Voluntary Administrator be entitled to draw this remuneration as and when work is performed and funds are available.

- Subject to them being entitled to seek an increase in either or both the rates or the capped amount, that the payment by the Voluntary Administrator during the Voluntary Administration of the Company of internal disbursements at the rates specified in Annexure D to the Report to Creditors dated 4 November 2019 be approved up to a capped amount of $2,500 plus GST notwithstanding that Veritas Advisory Pty Ltd may derive a profit or advantage from receiving some of the payments and that the Voluntary Administrator be authorised to pay such disbursements as and when they are incurred or when funds are available.

- That the payment in the manner specified in the Initial Remuneration Notice dated 4 November 2019 by the Voluntary Administrator of one or more amounts towards that part of the ASIC Supervisory Cost Recovery Levy payable by the Voluntary Administrator as is calculated by reference to the notifiable events for the Company be approved notwithstanding that Veritas Advisory Pty Ltd may derive a profit or advantage from the payments.

Electronic facilities

Creditors wishing to attend by electronic means are advised they can use the following facility:

Facility details : 02 9087 3604
Password: 653-396-173

Creditors wishing to participate in the meeting by using electronic facilities must return to the external administrator not later than the second-last business day before the day of the meeting, a written statement setting out

i. the name of the person and of the proxy or attorney, (if any); and
ii. an address to which notices to the person, proxy or attorney may be sent; and
iii. a method by which the person, proxy or attorney may be contacted for the purposes of the meeting.


Date of Notice: 04 November 2019

Steve Naidenov
Administrator

Address Veritas Advisory
Level 5, 123 Pitt Street
Sydney NSW 2000
Contact person Charith Seneviratne
Contact number 02 8999 9330
Facsimile 02 9221 8607
Email cseneviratne@veritasadvisory.com.au
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