PART 7PROXIES AND COMPANY REPRESENTATION

Right of inspectionI186

1

The special PPP administrator shall, so long as proxies lodged with him are in his hands, allow them to be inspected, at all reasonable times on any business day by—

a

all creditors who have submitted in writing a claim to be creditors of the PPP company;

b

that company’s members, in the case of proxies used at a meeting of that company; and

c

the directors of that company.

2

The reference in paragraph (1) to creditors does not include a person whose claim has been wholly rejected for the purposes of voting, dividend or otherwise.

3

Any person attending a meeting in PPP administration proceedings is entitled, immediately before or in the course of the meeting, to inspect proxies and associated documents (including proofs) sent or given, in accordance with directions contained in any notice convening the meeting, to the chairman of that meeting or to any other person by a creditor or member of the PPP company for the purpose of that meeting.