KTG - ann --- Effectuation of Deed of Company ArrangementNotice...

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    KTG - ann --- Effectuation of Deed of Company Arrangement
    Notice is hereby given that at the second meeting of creditors of K-TIG Limited and its wholly owned
    subsidiary, Keyhole TIG Pty Ltd (‘the Companies’), it was resolved pursuant to section 439C of the
    Corporations Act 2001 that the Companies enter into a Deed of Company Arrangement which provided
    for:
    • A return of the Companies to normal trading operations;
    • Continuing employment for circa half of the Companies’ employees;
    • Payment of non-continuing employee entitlements in full;
    • A return to unsecured creditors via a Creditors Trust;
    • Material new working capital funding being provided to the Companies to support ongoing
    operations
 
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