Second Meeting Of Creditors Of Company Under Administration

Caprice Pty Ltd

ACN: 008655847

ABN: 82008655847

Chartreuse Pty Ltd

ACN: 008655874

ABN: 88008655874

Network Ten (Adelaide) Pty Ltd

ACN: 007577666

ABN: 65007577666

Network Ten (Brisbane) Pty Ltd

ACN: 050148537

ABN: 14050148537

Network Ten (Melbourne) Pty Ltd

ACN: 008664953

ABN: 39008664953

Network Ten (Perth) Pty Ltd

ACN: 009108614

ABN: 96009108614

Network Ten (Sydney) Pty Ltd

ACN: 008664962

ABN: 41008664962

Network Ten Pty Ltd

ACN: 052515250

ABN: 91052515250

E-mail: tenwebsite@ten.com.au

Television & Telecasters (Properties) Pty Ltd

ACN: 050690161

ABN: 52050690161

Ten Employee Share Plans Pty Ltd

ACN: 082736150

Ten Network Holdings Ltd

ACN: 081327068

ABN: 14081327068

Ten Online Pty Ltd

ACN: 089829667

ABN: 83089829667

Ten Ventures Pty Ltd

ACN: 089830759

ABN: 64089830759

The Ten Group Pty Ltd

ACN: 057564708

ABN: 50057564708

Published: 11/9/2017

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:

The following resolutions will be considered:



a.For creditors of Network Ten Pty Limited: That, in accordance with Section 80-55(3) of Schedule 2 of the Corporations Act, the members of the Network Ten Committee of Creditors (or a related entity of those members) are permitted to continue dealing with Network Ten and its creditors on a business as usual basis during the period of the Voluntary Administration of Network Ten.



b.If the Ten Group companies resolve to execute a Deed of Company Arrangement, That a Committee of Inspection be formed comprising representatives as determined by creditors of Ten Group as a whole and that the Committee of Inspection have the powers and functions as if the Committee was a Committee of Inspection for a single company.



c.That, in accordance with Section 80-55(3) of Schedule 2 of the Corporations Act, the members of the DOCA committee of Inspection (or a related entity of those members) are permitted to continue dealing with the Company and its creditors on a business as usual basis during the period of the Deed of Company Arrangement.



d.That the Deed Administrators be allowed to be reimbursed for staff per diem allowances and staff travel allowances paid to staff at the rates as set out in accordance with the schedule titled KordaMentha Rates-National-FY18, which was attached as Appendix 13 to the report to creditors dated 4 September 2017, during the period of the DOCA, as incurred, but to a maximum amount of $15,000.

Kordamentha

E-mail: tengroup@linkmarketservices.com.au