Notice is given that a meeting of the creditors of the Company, or a meeting for each of the Companies, (for multiple companies), will be held:
(If multiple companies, see special instructions for meeting times)
Agenda items are:
1. To consider the Deed Proponents' Update including the Deed Proponents' request for a further extension of time to complete their due diligence and raise sufficient funds for the Contribution Sums under each of the DOCA.2. To consider the future of the Companies including, but not limited to, whether a further extension should be granted to the Deed Proponents or whether the DOCAs should be terminated and the Companies placed into liquidation.3. In the event that a resolution is passed that the Company be wound up, to confirm the appointment of the Deed Administrators as Liquidators of the Company.4. To consider and approve:The remuneration of the Liquidators from the date of the Termination of the Deed of Company Arrangement to the finalisation of the liquidation. The remuneration is to be fixed in respect of the Liquidators and their employees at the hourly rates of the Liquidators' firm consistent with practice statements issued by the Australian Restructuring Insolvency and Turnaround Association ("ARITA"); and that the Liquidators shall be authorised to draw such remuneration from time to time from monies held by them as Liquidators. The above remuneration is subject to a cap or limit, to be detailed at the creditors' meeting. In addition to remuneration charged on a time basis, creditors will be asked to consider and approve a further fixed fee remuneration charge of $950.00 per annum, excluding GST, for each administration, to reflect the compulsory levies imposed by ASIC on insolvency practitioners.5. To consider any matter which may be properly brought before the meeting.
Creditors wishing to attend are advised proofs and proxies are to be submitted to the external administrator by:
Electronic facilities Electronic facilities will be made available at the meeting via teleconference. To access those facilities, you need the following:Dial Sydney (02 8088 0900) or National (1800 896 323)Enter guest code 62900508 followed by the hash (#) keyForms of proxy and proof of debt are available from my office, and must be lodged with the Deed Administrators no later than 19 December 2022 at 4:00PM. Forms can be sent by email to iqgroup@dvtgroup.com.au or posted to dVT Group at PO Box 9500, Harris Park NSW 2150.Voting at the meeting will be conducted via a poll.If you will be attending the meeting but wish to record a vote in advance of the meeting you may do so by email at iqgroup@dvtgroup.com.au with details of your vote(s).
Creditors wishing to attend the meeting using virtual meeting technology are advised they can use the following facility to attend the meeting:
Mark Robinson - Joint & SeveralDeed Administrator
