Meetings of Creditors
The Insolvency Act 1986
What Everyone Wants Limited
Notice is hereby given pursuant to Section 23 of the Insolvency Act 1986, that a meeting of the creditors of the Company will be held at The Millennium Hotel, George Square, Glasgow, G2 1RR at 10.00am on 7th April 2003 to receive the report of the Joint Administrators to decide whether to approve their proposals, and to decide if a committee of creditors should be appointed.
A secured creditor is entitled to vote only in respect of the balance (if any) of his debt after deducting the value of his security as estimated by him.
Creditors who intend to vote at the meeting should note the following:
|1||Form 4.7 statement of claim must be lodged with the Administrators at the meeting or before the meeting at Ernst & Young LLP, Ten George Street, Edinburgh, EH2 2DZ;|
|2||Proxies for use at the meeting must be completed and lodged with the Administrators at the meeting or before the meeting and they may be lodged at Ernst & Young LLP, Ten George Street, Edinburgh, EH2 2DZ.|
Copies of the report may be obtained by writing to the undersigned at Ten George Street, Edinburgh EH2 2DZ. A copy of these proposals is available to members, free of charge, on written request to the Joint Administrators.
Please note that in accordance with Statement of Insolvency Practice 9 the business of the meeting of creditors may include a resolution specifying the terms on which the joint administrators are to be remunerated. The joint administrators’ remuneration should be fixed by the creditors or the creditors’ committee either as a percentage of the assets realised or distributed or by reference to the time the joint administrators and their staff have spent dealing with this matter.
Tom Burton, Joint Administrator
Dated: 19th March 2003