Thank you for enquiry regarding KBL. The Administrators have reconvened the Second Meeting of Creditors for this Thursday, at which time creditors will vote on the future of KBL. Following that meeting the Administrators will be in a position to understand the position of shareholders more clearly, which is varied depending if creditors resolve KBL should enter liquidation or execute a Proposed Deed of Company Arrangement / restructure of the Company.
It is likely an announcement relating the outcome of the meeting will be posted to the KBL ASX announcements in due course for the benefit of Noteholders, which shareholders may also view.
Please feel free to follow up next week if you have not seen any such announcement.
Regards,
KBL Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
