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Music festival creditors to hear more

Those still owed money after the collapse of the Isle of Man festival this summer will get the chance to find out the state of play next week.

Company director Chris Heyes says the firm behind the event, Rockingmann Festivals Limited, will hold an extraordinary meeting of its shareholders next Tuesday (September 24).

Immediately afterwards at the Colonnade Suite of the Villa Marina, there’ll be a creditors’ meeting and discussion of the company’s liquidation.

The festival’s Facebook page is still online and shows some people are still awaiting refunds for their tickets.

The shareholders meeting will take place at 10.15am next Tuesday, followed by the creditors’ meeting at 10.45am.

The gatherings will be given a statement of the company’s affairs, along with a list of creditors and the amounts owed.

The second meeting could see a liquidator appointed and a committee of inspection set up, which represents the interests of creditors’ and liaises with the liquidator.

The Isle of Man Festival was due to be held in Noble’s Park in July but was cancelled with a fortnight’s notice because of poor ticket sales.

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