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Centrex Creditors Face Crucial Vote on PRL’s Restructuring Deal
9:14am on Tuesday 10th of June, 2025 AEST
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Centrex Creditors Face Crucial Vote on PRL’s Restructuring Deal
9:14am on Tuesday 10th of June, 2025 AEST
Key Points
Voluntary Administrators recommend accepting PRL’s deed of company arrangement (DOCA)
Creditors to vote on DOCA, return to directors, or liquidation on 16 June 2025
DOCA involves compromising unsecured creditor debts with no shareholder returns
Court approval required for share transfer to PRL and DOCA completion
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