Planet Ark Environmental Foundation (Planet Ark) has officially exited voluntary administration today, following the unanimous approval of a Deed of Company Arrangement (DOCA) by creditors at a meeting held on 13 June.
The development marks a pivotal moment in the organisation’s three-decade history, paving the way for a return to normal operations under the leadership of its original directors. Planet Ark said the outcome reflects the strong support of its employees and stakeholders, and signals a fresh chapter in its long-standing mission to empower Australians to take positive environmental action.
The move brings to a close a challenging period for the not-for-profit, which entered voluntary administration in May after grappling…