Update on Administration of 100% Subsidiary
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Adslot Ltd provides an update on the administration of its wholly owned subsidiary, Adslot Technologies Pty Limited. Creditors have voted in favor of executing a Deed of Company Arrangement, proposed by Adslot Limited, to manage the subsidiary's debts. The Deed Fund will be used to satisfy debts of non-related creditors, while Adslot Limited will not participate in this distribution. Control of the subsidiary will revert to its sole director, and it will continue to operate during the administration period.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Adslot
- Administration of 100% Subsidiary
- Half Yearly Report and Accounts
- Quarterly Activities/Appendix 4C Cash Flow Report
- Appendix 4E and Annual Report -FY 2025
- Adslot Raises $989,000 Capital
Later from Adslot
- Adslot Ltd – Panel Declines to Conduct Proceedings
- Becoming a substantial holder - amended
- Application for quotation of securities - ADS
- Cleansing Notice
- Change of Director's Interest Notice - A Giles
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