WPG 0.00% 1.5¢ wpg resources ltd

POTENTIAL DESTRUCTION OF WPG BOOKS etc

  1. 184 Posts.
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    I have found out that the WPG administrators gave Notice on 10 June 2020 of a WPG creditors meeting on 25 June 2020. PLEASE NOTE item 3 of the Agenda (subject to agreement on winding up) proposes DESTRUCTION OF THE BOOKS AND RECORDS 6 months after conclusion of liquidation. Obviously this would frustrate any formal inquiry into the demise of WPG (against backdrops of seemingly good prospects prior to administration and an apparent resurrection of prospects of WPG assests sold to new owners).

    Not professionals advice : do your own DD
    Company details


    Company:WPG Resources Ltd
    1ACN:109 426 502
    Status:Subject to a Deed of Company Arrangement
    1Appointed:18 July 2019
    Meeting details

    Notice is given that a meeting of the creditors of the Company, or a meeting for each of the Companies, (for multiple companies), will be held:

    Location:Held via teleconference
    1Meeting date:25 June 2020
    2Meeting time:12.00PM

    (If multiple companies, see special instructions for meeting times)


    Agenda

    Agenda items are:

    any other business

    1. To consider the Deed Administrators' report and update since the execution of the Deed of Company Arrangement.

    2. To resolve:
    (a) Whether the Deed of Company Arrangement should be terminated and the Company wound up; and
    (b) If the Company is wound up, to appoint Adam Nikitins and Samuel Freeman as joint and several Liquidators

    3. If the Company is wound up, to consider and if thought fit approve the destruction of the Company's books and records six months after the conclusion of the liquidation.

    4. To consider any other business properly brought before the meeting.

    Proof of debt and proxies

    Creditors wishing to attend are advised proofs and proxies are to be submitted to the external administrator by:

    Time:4.00PM
    1Date:24 June 2020


    Date of Notice:10 June 2020


    Adams Pauls Nikitins
    Deed Administrator

    Samuel Freeman
    Joint Appointees


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