Notice regarding creditor's scheme of arrangement

  • Important notice to shareholders and preference shareholders: On 19 February 2025, Twinza updated shareholders that the Company’s Senior Lenders had issued a proposal for a debt for equity swap to be actioned by way of a creditor’s scheme of arrangement.

  • Following this, Twinza is now applying to the Federal Court for approval to propose a creditors’ scheme of arrangement between Twinza and its senior lenders.

  • This application will be heard at 9.30am on Wednesday 6 August 2025 in the WA registry of the Federal Court of Australia.

  • The terms of the scheme are confidential and are still subject to review by ASIC and by the Court.

  • The details of the scheme will be made available to all shareholders and preference shareholders if the Court approves Twinza proposing the scheme to the senior lenders at the hearing on 6 August 2025.

  • Shareholders and preference shareholders will have an opportunity to seek to be heard in relation to the scheme at a further Court hearing that will take place on or around 23 September 2025. The date and time of that second Court hearing will be confirmed after the hearing on 6 August 2025 has been completed.

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Court approves convening of scheme meeting

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PNG Government and Twinza initial the Pasca gas agreement