Second Meeting Of Creditors Of Company Under Administration

Esplanade Wollongong Pty Ltd

ACN: 141133708

Published: 11/10/2017

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:

1. To consider the approval of the Joint and Several Administrators remuneration;

2. For creditors to resolve that:

(a) A Deed of Company Arrangement be executed by Esplanade Wollongong Pty Ltd; or

(b) The Administration of Esplanade Wollongong Pty Ltd should end; or

(c) That Esplanade Wollongong Pty Ltd be wound up.



IN THE EVENT CREDITORS VOTE IN FAVOUR OF THE EXECUTION OF THE DEED

3. To consider the nomination of a person(s) to be Deed Administrator(s);

4. To consider approval of the Deed Administrator(s) remuneration;



IN THE EVENT ESPLANADE WOLLONGONG PTY LTD IS WOUND UP

5. To consider the nomination of a person(s) to be Liquidator(s);

6. To consider approval of the Liquidator(s) remuneration;

7. To consider the appointment and constitution of a committee of inspection;

8. To authorise the Liquidator(s) to be able to destroy the books and records of the Company within a period of six (6) months after the dissolution of the Company, subject to obtaining prior approval from the Australian Securities & Investments Commission (ASIC); and

9. Any other business.

Jirsch Sutherland

E-mail: admin@jirschsutherland.com.au