23rd April 2014
To the Creditors of Setanta Insurance Company Limited
As a creditor of Setanta Insurance Company Limited ( the “Company”), you are hereby put on formal notice that during an Extraordinary General Meeting of its members held on 16 April 2013 it was resolved inter alia that :-
1. The Company surrenders its insurance business licence to the Malta Financial Services Authority and cease trading activities with immediate effect.
2. The Company is to be dissolved for all effects and purposes at law.
3. Dr Louis Cassar Pullicino (ID No. 441061 M) of 171, Old Bakery Street, Valletta, Malta is nominated as liquidator of the Company.
The liquidation process adopted by the members of the Company will follow the procedures required for a creditors’ voluntary winding up in accordance with articles 278 to 285 of the Companies Act (Chapter 386 of the Laws of Malta).
The directors of the Company are accordingly convening a meeting of the Company’s creditors on the 30 April 2014 to be held at Block A, Ground Floor Aviation Park, CiviL Aviation Avenue, Luqa, Malta at 9:00 a.m. During this meeting of the creditors a full statement of the Company’s affairs together with a list of creditors and an estimate of their respective claims shall be laid before the meeting.
The purpose of the creditors’ meeting is to approve the appointment of the nominated liquidator or in the alternative nominate another person to be liquidator of the Company.