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Azure Services Limited goes in to liquidation

The email sent by Alvarez and Marsal announcing the filing for “voluntary” liquidation is below.

Dear Sirs,

Azure Services Limited – In Creditors’ Voluntary Liquidation (the “Company”)

Please be advised that the shareholders of the Company passed a written resolution on 27 April 2020 to place the Company into Creditors’ Voluntary Liquidation. Please be further advised that the directors of the Company have convened a meeting of the Company’s creditors to be held via a telephone conference call on 11 May 2020 at 17:00 Central European Time (CET), for the purposes of considering the appointment of Mr. Richard Galea-Debono as liquidator. To assist creditors’ determination, please find attached Mr. Richard Galea-Debono’s Curriculum Vitae and covering letter confirming his independence.

Please be advised that all creditors who wish to attend the telephone conference must complete the attached proxy form and return it via email to xxxxxxxxxxxx, it is noted that where a creditor is acting on behalf of either another natural or legal person, they must provide documentation authorising them to do so. It is noted that the proxy form should be returned by no later than 5pm CET on Friday 8 May 2020. Upon receipt of the completed proxy form and authorisation, you will be issued with dial-in details, instruction on how to access the online portal for the purposes of voting at the meeting and a unique ID to enable the same.

Prior to the meeting, a Statement of Affairs detailing the financial position of the Company will be circulated to all creditors.

Given that this meeting will be held via telephone conference, the directors encourage all creditors to submit questions in writing via email to xxxxxxxxxxxxxxxx before the meeting so they can be addressed proactively during the meeting. It is noted that creditors will also be able to ask queries at the meeting.

Regards, Rebecca

Rebecca Rohan | Associate

Alvarez & Marsal Cayman Islands Limited

2nd Floor Flagship Building, 70 Harbour Drive | P.O. Box 2507 | Grand Cayman KY1-1104 | Cayman Islands