Restructure phases

The Sub Committee proposes to:

Phase One

• Clarify legal position on proposed restructuring and associated process
• Consult non-timeshare (private) owners

• Consult Classic Holidays Ltd (Resort Management company)

• Consult major Timeshare Weeks holders (including Classic Clubs and Timeshare Brokers)

• Meet with Queenstown property leaders to assist assess layouts and potential returns.

• Investigate subdivision options based on the above.

• Obtain quotes for Phase II external needs

• Complete and present Phase I Report by December 2026

Phase two

• Seek surveying and planning input to carry out the recommended subdivision, including an assessment of related costs.

• Obtain valuation advice on how to fairly allocate costs and benefits among ownership groups.

• Consult legal experts about the process of cancelling the current Unit Plan, completing the chosen subdivision, setting up new structures, and addressing any implications or potential costs.

• Provide further guidance as needed.

• Present a report to owners before the 2027 AGM outlining possible options for the future.