On 29 July 2020, creditors of Narrabri Bowling Club Ltd (Administrator Appointed) approved a Deed of Company Arrangement (“DoCA”) proposal.
On 10 August 2020, the DoCA’s operation commenced following its execution by the Company, the Administrator and the Company’s Board of Directors. Alan Hayes became Deed Administrator and retains management and control of the Company for 12 months, which should be sufficient time to complete an amalgamation with another club (which is the primary objective) and pay a dividend of 100 cents/$ to creditors.
Bowls competitions (Womens and Mens) continues each week.
Narrabri Sporties club trades every Thursday, Friday and Saturday. The Club Motor Inn continues to trade 7 days a week.
The Deed Administrator’s circular to creditors dated 12 August 2020 is included herewith.