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Posted by Samantha Duffy on 09/07/2020.

IMPORTANT MEMBER INFORMATION - EA Voluntary Administration - Second Creditors Meeting

Further to our updates yesterday and earlier today, the Second Creditors meeting for Equestrian Australia is being held on Tuesday 14 July 2020 at 10:00am.

All members are strongly encouraged to have their own say about the future of EA, either by special proxy or by directly attending the Second Creditors meeting which is being held via Microsoft Teams.  Details about the meeting are expected to be emailed to all members on Monday 13 July 2020. 

How do I vote via a special proxy?

  • Register to vote via a special proxy using the online creditors portal  https://events.miraqle.com/OCP/EAL/ by midday 12:00pm tomorrow Friday 10 July 2020.
  • To do this you will need your HRN that was emailed to you recently by Link Market Services/EA. 
  • If you haven’t received this email please check your junk/spam folders and if you still have not received the email please email [email protected] as soon as possible.
  • EQ has nominated EQ Vice Chair, Corey Keable to be a proxy delegate should members wish to provide a proxy vote to EQ.
  • We have attached a template to assist members with completing the online Appointment of Proxy form, should you decide to allocate a special proxy to EQ’s nominated delegate.
  • EQ’s delegate, Corey Keable will vote as per the below on the nine resolutions ;

Resolution 1 -  FOR

'That the remuneration of the Administrators for the period 9 June 2020 to 5 July 2020 in the amount of $250,000.00, excluding GST, calculated on the basis of time as detailed in the Remuneration Approval Request report dated 7 July 2020, is approved for payment immediately or as required.’:

Resolution 2 -  FOR

'That the internal disbursements of the Administrators, including those paid to staff, for the period 9 June 2020 to 5 July 2020 in the amount of $556.52, excluding GST, calculated at the rates as detailed in the Remuneration Approval Request report to creditors dated 7 July 2020 are approved for payment immediately or as required.’:

Resolution 3 -  FOR

'That the estimated internal disbursements of the Administrators, including those paid to staff, for the period from 6 July 2020 until the end of the Administration of the Company, up to a maximum amount of $400.00, excluding GST, calculated at the rates as detailed in the Remuneration Approval Request report to creditors dated 7 July 2020 are approved for payment to be made on a monthly basis in arrears or as required. However, if the amount of internal disbursements incurred exceeds the capped amount, then we reserve the right to seek further approval of internal disbursements from creditors.’:

Resolution 4 -  AGAINST

'That pursuant to Section 439C of the Corporations Act, the Company execute the State Boards’ proposed Deed of Company Arrangement’.:

Resolution 5 - FOR

'That pursuant to Section 439C of the Corporations Act, the Company execute the Administrators’ proposed Deed of Company Arrangement’.:

Resolution 6 - FOR

‘That a committee of inspection be appointed in the Deed of Company Arrangement of the Company.’:

Resolution 7 - AGAINST

‘That pursuant to Section 439C of the Corporations Act, the Company be wound up.’:

Resolution 8 - AGAINST

‘That a committee of inspection be appointed in the liquidation of the Company.’:

Resolution 9 – AGAINST

'That pursuant to Section 439C of the Corporations Act, the administration should end.’:

Equestrian Queensland's Template

Please do not hesitate to contact the EQ Team should you have any further enquiries on (07) 3891 6611 or email [email protected]

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