REG - Hawkwing PLC - Joint Administrators' Application to Court

HawkwingAnnouncement

19/05/2023 18:15

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RNS Number : 1009A  Hawkwing PLC  19 May 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED
IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR

 

19 MAY 2023

 

 

 

Hawkwing Plc (In Administration)

 

(the "Company")

 

Joint Administrators' Application to Court for Directions following Rejection
of Statement of Proposals

 

On 6 April 2023 the Company announced that the Joint Administrators issued
their Statement of Proposals on 5 April 2023 and would seek approval from
creditors.

 

The Joint Administrators held a virtual meeting of creditors on 12 May 2023 to
allow creditors to consider and vote upon the Statement of Proposals.

 

At the virtual meeting the creditors rejected the Statement of Proposals.
Accordingly on 19 May 2023 the Joint Administrators applied to the Insolvency
and Companies Court of the Chancery Division of the High Court of Justice
(CR-2022-004652) as required by paragraph 55 of Schedule 1B of the Insolvency
Act 1985 seeking directions.

The hearing of the Joint Administrators' application is scheduled to be heard
on 5 June 2023 at 10:30am.

The application can be obtained from the Joint Administrators' online Portal
at www.ips-docs.com (http://www.ips-docs.com/) .  Details of the Case Code
and Unique ID required to access the Portal were provided in the initial
letter to creditors, and in particular to the Nominees on behalf of the
bondholders. Should any creditor wish to obtain a copy of these documents and
have been unable to access via their appointed Nominee, please contact
Samir.akram@kroll.com (mailto:Samir.akram@kroll.com) .

The Joint Administrators will make a further update to the market in due
course.

 

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