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Keydata creditors meeting to take place Aug 17

PricewaterhouseCoopers will be holding a creditors meeting on August 17 to approve the administrators proposals for achieving the purpose of the Keydata administration.

The meeting will give Keydata creditors an opportunity to put questions to PwC and then consider and vote upon any modifications which are proposed.

UK legislation states that a minimum of three and maximum of five members can be appointed to the creditors committee. PwC will be receive nominations by proxy for this until August 13.

PwC says at present no assets have been sold and alternative scenarios will need to be considered, including an orderly run down of the Keydata business.

For more information on the meeting, click here


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