As previously advised, the Deed Administrators obtained an order from the Court granting leave for the Company to transfer 80% of its existing shares to the DOCA Proponent, WOW World Digital Pty Ltd. We note, however, that obtaining the above court order was only one condition necessary to effectuate the DOCA.Subsequent to obtaining the order, the Deed Administrators have been advised that the DOCA Proponent will not be in a position to raise the requisite funds to meet the DOCA contribution.Given the above, the terms of the DOCA have been breached and the Deed Administrators held a meeting of creditors on 23 October 2019 to resolve for the termination of the DOCA. The Company was subsequently wound up and placed in Liquidation the same day.
Apparently theres some documents that can be bought from the asx regarding this:
Form Type: 509D
Form Description:Notice Under S.446a Of Special Resolution To Wind Up Company
Form Type: 509G
Form Description:Notice Of Termination Of Deed Of Company Arrangement
Sub Form Type: 509GBSub Form
Description:Notice Of Termination Of Deed Coy Arrangement - Admin Ends
Form Type: 505
Form Description:Notice By External Administrator/controller-Appoint/cease
Sub Form Type: 505J
Sub Form Description:Appointment Of Liquidator (creditors' Voluntary Winding Up)
Again, these do need to be paid for from the asx unfortunately, but would be useful come tax time (as far as I know).
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