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SAS Global Group of Companies

Appointment Type: Voluntary Administration

Appointment Date:

ACN: See "Background Information"


Appointee(s):
Martin Jones, Andrew Saker, Darren Weaver

Office: Perth

Case Contact: Sandra Gauci

Phone: +61 8 9214 1444

Fax: +61 8 9214 1400


Email: sgauci@perth.fh.com.au

Background Information:

The directors of the individual SAS Global Group company appointed Martin Jones, Andrew Saker and Darren Weaver as the joint and several Administrators pursuant to Section 436A of the Corporations Act 2001 over the following companies:

CompanyACNAppointment DateAppointees
SAS Global Baldivis Ltd 120 233 490 6 November 2009 Martin Jones, Darren Weaver and Andrew Saker
SAS Global Coogee Ltd 125 069 874 11 November 2009 Martin Jones, Darren Weaver and Andrew Saker
SAS Global Mandurah Ltd 117 669 468 11 November 2009 Martin Jones, Darren Weaver and Andrew Saker
SAS Global Mosman Park Equity Ltd 124 508 596 11 November 2009 Martin Jones, Darren Weaver and Andrew Saker
SAS Global Seville Grove Ltd 123 755 859 11 November 2009 Martin Jones, Darren Weaver and Andrew Saker
SAS Global Mosman Park Ltd 124 033 889 13 November 2009 Martin Jones

 Brian McMaster and Mark Mentha of KordaMentha was appointed as Joint and Several Voluntary Receivers and Managers ("R&M") over the following entities:

CompanyR&M Appointment Date

SAS Global Baldivis Ltd

9 November 2009

SAS Global Coogee Ltd

19 November 2009

SAS Global Mandurah Ltd

19 November 2009

SAS Global Seville Grove Ltd

19 November 2009

SAS Global Mosman Park Ltd   

19 November 2009

Current Status and Actions Required by Creditors:

The first meeting of creditors for the individual SAS Global Group company will be held at the offices of Ferrier Hodgson Level 26, 108 St Georges Terrace, Perth, Western Australia at the following dates and times:

CompanyOutcome
SAS Global Baldivis Ltd Meeting was adjourned for a period not to exceed 45 business days.
SAS Global Coogee Ltd Creditors resolved that the company be wound up. Accordingly, Martin Jones, Andrew Saker and Darren Weaver were appointed Joint and Several Liquidators of the company on 16 December 2009.
SAS Global Mandurah Ltd Creditors resolved that the company be wound up/ Accordingly, Martin Jones, Andrew Saker and Darren Weaver were appointed Joint and Several Liquidators of the company on 16 December 2009.
SAS Global Mosman Park Equity Ltd Creditors resolved that the company should execute a Deed of Company Arrangement and that Martin Jones, Andrew Saker and Darren Weaver be appointed Joint and Several Deed Administrators.    
SAS Global Seville Grove Ltd Meeting was adjourned for a period not to exceed 45 business days.
SAS Global Mosman Park Ltd Creditors resolved that the company should execute a Deed of Company Arrangement and that Martin Jones, Andrew Saker and Darren Weaver be appointed Joint and Several Deed Administrators.

Next Milestone and Estimated Timetable:

For the companies of which the meeting was adjourned for a period not to exceed a period of 45 business days, we summarised below the critical dates going forward:

Company                              Report to Creditors Due Adjourned meeting to be held on or before
SAS Global Baldivis Ltd 10 February 2010 18 February 2010
SAS Global Seville Grove Ltd 15 February 2010 23 February 2010


At the second meeting of creditors, creditors will have a chance to decide whether the company should:

i. revert back to its directors;
ii. execute a deed of company arrangement; or
iii. be wound-up .

Likely Outcome for Creditors and Timetable:

The Administrators/Liquidators investigation into the individual companies' affairs are still continuing.

Creditors and shareholders should continue to visit our website for further updates.

Documents available for download:

document type iconSAS Global Baldivis - Circular to Creditors re Execution of DOCA
74 KB

Published: 05/03/2010

document type iconSAS Global Baldivis Supplementary Report - DOCA Proposal
174 KB

Published: 17/02/2010

document type iconSAS Global Seville Grove Supplementary 439A Report
538 KB

Published: 15/02/2010

document type iconSAS Global Baldivis Supplementary 439A Report
346 KB

Published: 10/02/2010

document type iconSAS Global Mosman Park Circular to Creditors re DOCA
225 KB

Published: 21/01/2010

document type iconSAS Global Mosman Park Equity Circular to Creditors re DOCA
229 KB

Published: 21/01/2010

document type iconSAS Global Coogee Ltd Circular to Creditors
119 KB

Published: 24/12/2009

document type iconSAS Global Mandurah Ltd Circular to Creditors
118 KB

Published: 24/12/2009

document type iconSAS Global Seville Grove Circular to Creditors
56 KB

Published: 24/12/2009

document type iconSAS Global Baldivis Ltd Circular to Creditors
55 KB

Published: 24/12/2009

document type iconSAS Mosman Park Ltd S349 Report
1021 KB

Published: 10/12/2009

document type iconSAS Global Mosman Park Equity Ltd S439A Report
712 KB

Published: 08/12/2009

document type iconSAS Global Seville Grove S439A Report
748 KB

Published: 08/12/2009

document type iconSAS Global Mandurah Ltd S439A Report
723 KB

Published: 08/12/2009

document type iconSAS Global Coogee Ltd S439A Report
543 KB

Published: 08/12/2009

document type iconSAS Global Baldivis Ltd S439A Report
788 KB

Published: 03/12/2009

document type iconAGM Statement - SAS Global Seville Grove Ltd
533 KB

Published: 16/11/2009

document type iconFirst Circular to Creditors – SAS Global Mosman Park Ltd
197 KB

Published: 16/11/2009

document type iconAGM Statement - SAS Global Mosman Park Equity Ltd
528 KB

Published: 16/11/2009

document type iconAGM Statement - SAS Global Mandurah Ltd
526 KB

Published: 16/11/2009

document type iconAGM Statement - SAS Global Coogee Ltd
529 KB

Published: 16/11/2009

document type iconFirst Circular to Creditors – SAS Global Mosman Park Equity Ltd
331 KB

Published: 12/11/2009

document type iconFirst Circular to Creditors – SAS Global Seville Grove Ltd
331 KB

Published: 12/11/2009

document type iconFirst Circular to Creditors – SAS Global Coogee Ltd
331 KB

Published: 12/11/2009

document type iconFirst Circular to Creditors – SAS Global Mandurah Ltd
332 KB

Published: 12/11/2009

document type iconAGM Statement - SAS Global Baldivis Ltd
575 KB

Published: 09/11/2009

document type iconFirst Circular to Creditors – SAS Global Baldivis Ltd
313 KB

Published: 09/11/2009

 
Phone:
+61 8 9214 1444
Fax:
+61 8 9214 1400
Email:
mjones@perth.fh.com.au