The following motions were adopted at a duly convened meeting of the Company held on the 31st of March 2007:

1. To remove the existing directors of the Company and to appoint Jim Cooke, Anne Loughnane and John Varley as directors of the Company in their place;
2. That the existing corporate is not the appropriate vehicle for best serving and protecting the interests of the Irish Draught Horse and to this end the best interests of the Irish Draught Horse are served by the creation of a reconstituted society under the rules of the Irish Co-operative Organisation Society and pursuant to the Industrial and Provident Societies Acts 1893 to 1978 (the “reconstituted Society”);
3. That pursuant to Motion No. 2 that all existing members of the Company be invited to join the reconstituted Society;
4. That pursuant to Motion No.2 that all assets and undertaking of the Company be transferred to the reconstituted Society insofar as is possible under of the Companies Acts, 1963-2005;
5. That pursuant to Motion No 2 that the Company cease to trade or carry on any other activity and cease to hold itself out as representing the interests of the Irish Draught Horse;
6. That pursuant to Motion No.2 the name of the Company be changed to Black Drum Limited so as not to cause any confusion with the aims and objectives of the reconstituted Society in the future;
7. That pursuant to Motion No. 2 the directors of the Company begin the process of winding-up the Company under the provisions of the Companies Acts, 1963-2006;
8. That pursuant to Motion No 2 and consequent upon the creation of the reconstituted Society the relevant legislative  and other bodies with whom the Company has liaised in the past (including the Irish Horse Board and the Department of Agriculture) be informed of the creation of the reconstituted Society.