The Effective Scheme Date is subject to Court timelines and the Scheme process. First, the Court will need to hear Zettai’s application for leave to convene a meeting of its creditors, and this hearing is fixed for 22 January 2025. Only if the Court grants this application can Zettai proceed with the rest of the Scheme process, including holding a meeting of creditors to propose the Scheme and let creditors vote on the Scheme.
While the exact timing depends on these factors, we are actively working to expedite the process and achieve the earliest possible resolution. Following the Effective Scheme Date, the First Distribution of Net Liquid Platform Assets will be made within 10 Business Days.