It was interesting to see that for the first time(I think) the directors have mentioned the possibility of an administrator being appointed if resolution 1 isn't passed
prudent that they should do that as it must now be a distinct possibility
regardless of the buyers credentials one could assume that IF the buyer had substance then AZZ would have commenced legal action for the buyer to complete "an unconditional " contract
so either there were conditions OR it is pointless taking legal action against a $2 company
will AZZ now relist as the buyer has been disclosed?
I suspect not as AZZ directors would not wish to see what the sp might do prior to the meetings being held
once the dust settles this case/example might find its way into a university commerce degree textbook...but not sure yet as to what the topic might be!
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- Ann: Noteholder Notice of Meeting
Ann: Noteholder Notice of Meeting, page-45
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