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DECMIL CONSTRUCTIONS NZ LIMITED – CREDITORS MEETING

The provisional result of the voting is that neither resolution was passed and therefore I remain the liquidator.

The meeting of creditors occurred Wednesday, 24 June 2020 at 4:00 pm. Approximately 100 creditors out of 250 participated, which is a high participation rate. The large number of participants and documents received will take us some time to process / assess and we are going through this as a matter of priority. We also received a number of forms shortly before closing of the postal ballot which will also need to be reviewed / assessed.

The provisional result of the voting is that neither resolution was passed and therefore Mr McVeigh remains as the company’s liquidator. This outcome would be the same irrespective of the vote by Decmil NZ’s parent. Accordingly, the position is that my appointment continues under the Companies Act 1993.

I look forward to providing creditors with details of the resolutions tabled in the near future. This task is being attended to urgently and will be completed as soon as practicable.