(1) Where a Meeting is summoned under section 3, there shall —
(a) with every notice summoning the Meeting which is sent to a creditor, be sent a statement explaining the effect of the proposed Arrangement and in particular stating any material interests of any person connected with the promotion of the Arrangement, and the effect of the Arrangement, in so far as it is different from the effect on the like interests of the other persons; and
(b) in every notice summoning the Meeting which is given by advertisement, be included the statement in paragraph (a) or a notification of the place at which and the manner in which creditors or members entitled to attend the Meeting may obtain copies of the statement.
(2) Where a notice given by advertisement includes a notification that copies of a statement explaining the effect of the Arrangement proposed can be obtained by creditors entitled to attend the Meeting, creditor shall, on making an application in the manner indicated by the notice, be furnished by BAICO free of charge with a copy of the statement.