Hawkwing PLC Joint Administrators' Statement of Proposals (5572V)
06 April 2023 - 4:00PM
UK Regulatory
TIDMHNG
RNS Number : 5572V
Hawkwing PLC
06 April 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
6 APRIL 2023
Hawkwing Plc (In Administration)
(the "Company")
Joint Administrators' Statement of Proposals
The Company previously announced that on 10 February 2023 the
Insolvency and Companies Court of the Chancery Division of the High
Court of Justice ordered (amongst other things) that Sarah Rayment
and Robert Armstrong each of Kroll Advisory Limited at The Shard,
32 London Bridge St, London SE1 9SG, be appointed as joint
administrators of the Company (the "Joint Administrators").
On 5 April 2023, the Joint Administrators issued their Statement
of Proposals setting out the circumstances leading up to their
appointment, their strategy for achieving the purpose of the
administration and other important information including the
proposed basis of the Joint Administrators' remuneration.
The Statement of Proposals is available to view and download
from the Joint Administrators' online Portal at 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 the Joint Administrators'
proposals and have been unable to access via their appointed
Nominee, please contact Samir.akram@kroll.com.
The Joint Administrators are seeking approval of their Statement
of Proposals by a Deemed Consent Decision Procedure. The decision
date is 27 April 2023. Further information is contained at section
9.1 of the Statement of Proposals.
The Joint Administrators will make a further update to the
market in due course.
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END
MSCBCGDSUXGDGXU
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