New World Resources Plc Notice of Creditors' Meeting (3726N)
October 25 2016 - 4:00AM
UK Regulatory
TIDMNWR
RNS Number : 3726N
New World Resources Plc
25 October 2016
Amsterdam, 25 October 2016
Notice of Creditors' Meeting
As previously announced on 17 October 2016, a General Meeting of
shareholders of New World Resources Plc ("NWR") will be held on 3
November 2016 at which the shareholders of NWR will vote on whether
to place NWR into voluntary liquidation. It was also announced that
a meeting of NWR's creditors will be convened on the same day to
approve, amongst other things, the appointment of the liquidators
should the shareholders resolve to place NWR into liquidation.
Creditors' Meeting
Further to the foregoing, NWR announces today that notice of the
Creditors' Meeting has been sent to NWR's creditors' and advertised
in the London Gazette pursuant to section 98 of the Insolvency Act
1986.
The meeting of creditors' of NWR will be held at NWR's corporate
office at Herengracht 448, 1017 CA Amsterdam, the Netherlands on 3
November 2016 at 12 p.m. (CET) for the purposes referred to in
sections 99, 100 and 101 of the Insolvency Act 1986.
The agenda of the meeting of creditors' of NWR will be as
follows:
1. To consider a special resolution for winding up passed by a General Meeting of NWR on 3
November 2016.
2. To consider a statement of affairs of NWR together with a list of creditors of NWR and
the estimated amount of their claims.
3. To ratify the appointment of Mark Skelton, Geoffrey Bouchier and Paul Williams of Duff
& Phelps Ltd., Rembrandt Tower, Amstelplein 1, Amsterdam, the Netherlands 1096HA as joint
liquidators of NWR for the purpose of winding up the affairs and distributing the assets of
NWR (the "Liquidators").
4. If creditors think fit, appoint a liquidation committee.
Convertible Notes
As previously announced on 16 May and 17 October 2016, and in
light of the upcoming General Meeting at which the shareholders of
NWR will vote on whether to resolve to place NWR into liquidation,
holders of the Convertible Notes may wish to consult with their
advisers to determine their position regarding conversion of their
Convertible Notes into NWR shares and the timing of any such
conversion. In this regard, NWR notes that the proposed Liquidators
have indicated to NWR that, if they are appointed, it is their
current intention to honour any request for conversion of the
Convertible Notes that is received whilst NWR is in
liquidation.
- End -
Investor and Media Contact:
Email: info@nwrgroup.eu
Website: www.newworldresources.eu
About NWR Plc:
New World Resources Plc is a Central European hard coal
producer. NWR produces quality coking and thermal coal for the
steel and energy sectors in Central Europe through its subsidiary
OKD, the largest hard coal mining company in the Czech
Republic.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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