On 2 December 2011, the Supreme Court of New South Wales gave the final approvals necessary to effect the restructure of CNPR. The restructure was described in detail in the CNP Explanatory Memorandum dated 5 October 2011.
Following the payment of 5.03 cents per CNPR security, CNPR securityholders no longer receive any benefit from CNP as its Senior Lenders are entitled to any surplus of assets at the time of winding up.
CNPR is operating for the purpose of resolving its outstanding matters and winding-up its remaining entities. These activities are described in more detail in section 9 of the CNP Explanatory Memorandum dated 5 October 2011.