The Administrators of the Arrium Group Companies have today issued a Report to Creditors covering the sale of Arrium Australia, the estimated distributions to be made to creditors and an investigations update.
Report to creditors
This report is now available in the creditor information section of the KordaMentha website for the benefit of all stakeholders.
Declaration of worthless shares
The Administrators of ACN 004 410 833 Limited (Subject to Deed
of Company Arrangement) (formerly Arrium Limited) declare there are
reasonable grounds to believe shareholders will not receive a
distribution. Accordingly, a Declaration of Worthless Shares has
been made pursuant to Section
104–145 of the Income Tax Assessment Act, 1997 ('the Declaration').
A copy of the Declaration may be obtained from the creditor information section of the KordaMentha website.
All enquiries related to the Declaration should be first directed to Boardroom Pty Ltd via telephone at 1300 737 760.
Shareholders should seek independent tax and legal advice regarding their individual circumstances in relation to the Declaration.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.