Planet Ark Environmental Foundation is pleased to announce that at the second meeting of creditors on June 13, the Deed of Company Arrangement (DOCA) submitted by the organisation was unanimously approved. This significant step signals the return of the organisation to its directors and the imminent conclusion of the voluntary administration process today.
The outcome reflects the strong support from Planet Ark’s employees and stakeholders, and marks the beginning of a new chapter for the organisation. With renewed focus and vigour, we remain committed to our mission of empowering Australians to take positive environmental actions.
We are immensely grateful for the backing and goodwill shown by our supporters during this time, and for the leadership of voluntary administrators Michael Jones and Bruce Gleeson of Jones Partners Insolvency & Restructuring, who have guided Planet Ark through this process with a great deal of professionalism and care.
As we move forward, Planet Ark will continue delivering our well-known and well-loved programs with the same passion and dedication that have made them cornerstones of environmental action in Australia for decades.
This milestone reaffirms our belief in the strength of Planet Ark’s mission and the value it brings to communities, schools, businesses, and governments across the country. We thank all those who have stood by us and look forward to working together toward a more sustainable future.