214. Business at outcome meeting

This section applies in the circumstances referred to in subsection (1) of sections 211 and subsection (3) of 216.

At an outcome meeting, the creditors may –

The Fifth Schedule shall apply to an outcome meeting.

The administrator and the directors of the company shall, before the meeting votes on any resolution, inform the meeting of any voting arrangement of which the administrator or a director, as the case may be, is aware that requires any creditor to vote in a particular way on any resolution that will or may be voted on by the meeting.

A deed of company arrangement approved by the creditors under paragraph (a) of subsection (2) takes effect as if made by the company, on the day on which, and at the time at which, the resolution approving the deed is passed.

Subject to subsection (7), the directors of the company shall attend the outcome meeting, including any occasion to which the meeting is adjourned, but cannot be required to answer questions at the meeting.

A director need not attend the outcome meeting where –

A director of the company attending the outcome meeting shall for all or part of the remainder of the meeting, leave the meeting, if the creditors, by resolution, decide that the director should do so.

The administrator shall record in the resolution of creditors made under subsection (2) the date on which, and the time at which, the resolution was passed.

Within five working days after the outcome meeting, the administrator shall –