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Sears Canada Group - Creditor's Meeting

On February 15, 2019, the Honourable Mr. Justice Hainey granted a Meeting Order. The Court Order and all associated schedules can be found below.

Please note that all proxies must be submitted to the Monitor so that they are received by the Monitor on or before 5pm (Toronto time) on March 21st, 2019. The form of Proxy is available below.

Please be advised that, in accordance with paragraph 34 of the Meetings Order, the Monitor will be adjourning both Meetings to a later date, time and place to be determined by the Monitor. The new date for the adjourned Meetings, along with details as to venue, will be provided sufficiently in advance to allow affected unsecured creditors sufficient time to submit creditor proxies (which must be received 5 business days before the date of the adjourned Meetings). All creditor proxies that have already been submitted in contemplation of the Meetings being held as originally scheduled will continue to be valid for the adjourned Meetings. The adjournment of the Meetings will provide the Monitor with additional time to resolve certain outstanding disputed claims in the estate.

Subject to the Meeting Order, the only Persons entitled to attend and speak at either of the Creditors' Meetings are Eligible Voting Creditors (or their respective duly appointed proxyholder), representatives of the Monitor, the Applicants, Employee Representative Counsel, the Pension Parties, the Pension Representatives, the Employee Representatives, all such parties' financial and legal advisors, the Chair, the Secretary and Scrutineers. Any other Person may be admitted to either of the Creditors' Meetings on invitation of the Monitor or the Chair.

In the absence of instruction to vote for or against the Plan, any signed and returned proxy shall be deemed to include instructions to vote for the approval of the Plan.

Please further note that Employee Representative Counsel shall be deemed to be the proxy holder in respect of each Eligible Voting Claim of an ERC Employee and that Pension Representative Counsel shall be deemed to be the proxy holder in respect of each Eligible Voting Claim of a PRC Retiree.

Employee Representative Counsel and Pension Representative Counsel will be voting their proxies FOR approval of the Plan.

Any person with an Equity Claim shall have no right to vote at the Meetings.

No holder of an Affected Unsecured Claim against Former Corbeil shall be entitled to vote on the Plan or attend at any Meeting.

If you have any further questions, please contact the Monitor, at searscanada@fticonsulting.com



 Creditor Proxy (English)
 Procuration du Creancier (Francais)
May 27, 2019
 
 Plan of Arrangement February 15, 2019
 


 Meetings Order
 Endorsement of Hainey J re Meetings Order
February 15, 2019
 

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