Sarah Rayment and Rob Armstrong of Kroll Advisory Limited were appointed Joint Administrators of the Company on 10 February by Order of the High Court. The business and affairs of the Company are managed by the Joint Administrators who act without personal liability. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (“MAR”), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY’S OBLIGATIONS UNDER ARTICLE 17 OF MAR.
13 FEBRUARY 2023
Hawkwing plc (in administration)
Appointment of Joint Administrators
The Company previously announced that Hanover Investors Management LLP on behalf of Hanover Catalyst Fund (“Hanover”) had issued an application seeking to appoint administrators to the Company (the “Administration Application”).
On 10 February 2023 the Insolvency and Companies Court of the Chancery Division of the High Court of Justice heard the Administration Application. The Court ordered (amongst other things) that Sarah Megan Rayment (Insolvency Practitioner Number: 9162) and Robert John Armstrong (Insolvency Practitioner Number: 21332), each of Kroll Advisory Limited at The Shard, 32 London Bridge St, London SE1 9SG, be appointed as joint administrators of the Company (the “Joint Administrators”).
The appointment of the Joint Administrators took effect from 4.35pm on 10 February 2023.