Appointment type
Members of Voluntary Liquidation
Appointment date
26 June 2020
Appointees
John Lindholm and George Georges
Companies subject to Administration
Murray Goulburn Co-Operative Co. Limited (In Liquidation)
ACN 004 277 089
MG Responsible Entity Limited (In Liquidation) in its own capacity and as trustee for the MG Unit Trust
ACN 601 538 970
MG ST Pty Ltd (In Liquidation) in its own capacity and as trustee for the MG Sub Trust
ACN 605 542 765
Murray Goulburn International Pty Ltd (In Liquidation)
ACN 117 793 450
MG Noteholder Pty Ltd (In Liquidation)
ACN 605 721 935
MG Shares Pty Ltd (In Liquidation)
ACN 117 914 637
MG Forced Sale Pty Ltd (In Liquidation)
ACN 605 596 790
MG Market Facilitator Pty Ltd (In Liquidation)
ACN 605 721 926
Collectively referred to as ‘the Group’
Office
Melbourne
Background information
On 26 June 2020, members of Murray Goulburn Co-Operative Co. Limited and each of its subsidiary entities resolved to appoint John Lindholm and George Georges of KPMG as Joint and Several Liquidators in order to undertake a solvent winding up of the Group.
After the sale of the Group’s operating assets and operating liabilities to Saputo on 1 May 2018, the Company paid a distribution of approximately $443 million to Shareholders and Unitholders representing a return of funds of 80 cents per Share or Unit.
Since the completion of the Saputo transaction, the Board has progressed preparations for the winding up of the Group, including settling adjustments with Saputo, consolidating assets, winding up the Group’s activities in China, investing funds and resolving certain complex litigation matters.
The appointment of John Lindholm and George Georges is one of the key steps in winding up the Group and returning value to its Shareholders and Unitholders. In this regard, the Liquidators' immediate focus is to resolve all statutory requirements in order to allow an interim distribution of approximately $238.51 million to Shareholders and Unitholders within the next 4 months subject to tax clearance.
Shareholders and Unitholders
A trading halt has been placed on all shares and units as at COB 25 June 2020 due to the Liquidation. The transfer of any shares or units will be limited during the Liquidation.
The shareholder and unitholder FAQ will be updated when additional questions are received, however should you have any further questions please call the hotline as directed.
Communications
Information and circulars for creditors.
Letter to Shareholders and Unitholders – 29 June 2022
Murray Goulburn Co-Operative Co. Limited
Letter to Shareholders and Unitholders – 15 October 2021
Murray Goulburn Co-Operative Co. Limited
Letter to Shareholders and Unitholders – 26 July 2021
Murray Goulburn Co-Operative Co. Limited
Letter to Shareholders and Unitholders – 19 October 2020
Murray Goulburn Co-operative Co. Limited
ATO Draft Class Ruling for Shareholders – 27 August 2020
Murray Goulburn Co-operative Co Ltd
Form 505 – External Administration or Controllership Appointment of administrator or controller
Murray Goulburn Co-Operative Co. Limited
FAQs
Frequently Asked Questions – Shareholders and Unit Holders
Murray Goulburn Co-Operative Ltd
Support
ASIC Insolvency material
The Australian Securities & Investments Commission (ASIC) provides resources on insolvency for directors, practitioners, employees, creditors and investors.
Visit the ASIC website to find out more.
Fair Entitlements Guarantee (FEG)
You may be eligible for FEG assistance. General information for claimants can be found here:
https://www.dewr.gov.au/fair-entitlements-guarantee.
Beyond Blue
beyondblue offers some useful resources for people struggling with the emotional impact of financial distress. The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636
Lifeline
Lifeline offers phone crisis counselling for people who are experiencing financial and emotional hardship.
Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)
Appointees
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