First of all, Lucapa Diamond Company Limited announced the appointment of Richard Tucker and Paul Pracilio of Korda Mentha as Joint and Several Voluntary Administrators. The Administrators give notice that they intend to rely on the relief set out in ASIC (Australian Securities and Investment Commission) Corporations (Externally-Administered Bodies) Instrument 2015/251 (the ‘Instrument’) which provides for the deferral.
Another important point that raised that the AGM for Lucapa in respect of 2025 will not be held on 29 May 2025 as previously scheduled.
It has announced the Deferral of Financial Reporting Obligations. The Administrators give notice that they intend to rely on the relief set out in the Instrument which provides for the deferral of financial reporting obligations for a minimum period of 6 months and up to a maximum period of 24 months from the date of the appointment of the Administrators.
In accordance with the Instrument, the financial reporting obligations of Lucapa under Part 2M.3 of the Act are deferred from 22 May 2025 (being the date of the appointment of the Administrators) until;
1. 22 November 2025, if the external administration ends on or prior to that date (being the date that is 6 months after the date of the appointment of the Administrators) or
2. if the external administration extends beyond 22 November 2025, the earlier of: a. 24 months from the date of the appointment of the Administrators (being 22 May 2027); b. if a deed administrator is appointed, the day on which a director has the right to, or is able to, perform or exercise all or most of the management powers or functions of a director under a deed of company arrangement or with the consent of the deed administrator; or
3. the day the external administration ends, (the Deferral Period).
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