Ann: Removal from Official List - Annual Listing Fees, page-40

IMHO

ordinary CTL shareholders get nothing......after the company spent $29 m on capital works in 2018 but forgot to put $2.5 m aside to pay the convertible note ( even though they led shareholders to believe that it was covered) and then spent the next 6 months organizing secured notes to related parties and surprise, surprise...when they had completed organising these notes and finally exhausted all shareholder funds they go into administration and the only beneficiaries are those who were related parties.
They managed to do this as there were no independent directors to protect shareholders rights.

if they had called in the administrators as soon as the convertible note was not paid, things may have been different as these related parties would not have had security over these assets

Many shareholders could see what was happening and CTL referred to it as a conspiracy theory BUT is has transpired