Delisted companies | deListed Australia

Time 2020-07-25 18:05:31

Web Name: Delisted companies | deListed Australia

WebSite: http://www.delisted.com.au

ID:34480

Keywords:

companies,Delisted,Australia,

Description:

SPECIAL NOTICE We are working on upgrading our websites and despite our best endeavours have experienced census type calamities for almost a week now. Our apologies, we hope to have all problems resolved by Monday August 15th. Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site: deListed and InvestoGain acknowledge the support of ASX and ASA: XCD ENERGY LIMITED (XCD) 22 Jul 20 we understand 88 Energy Limited was successful with an offer of 2.4 new 88 Energy shares for every 1 XCD share and 0.7 new 88 Energy shares for every 1 XCD listed option GI DYNAMICS, INC (GID) 22 Jul 20 we understand the company provided reasons for the delisting which included a preference for fundraising as a delisted company, support of major shareholders, restrictions on investment in a listed company, costs of the listing, low liquidity, valuation, amplified volatility, no current nexus with Australia, management time and effort and better prospects of achieving more sustainable funding BLOSSOMVALE HOLDINGS LTD (BLV) 17 Jul 20 we understand that the company has already divested itself of key assets and operating subsidiaries, it will distribute the remainder of its assets and cash and wind up its dormant subsidiaries and will save about $140k a year in listing and compliance costs while that process is underway TPG TELECOM LIMITED (TPM) 14 Jul 20 we understand in the merger of TPG Telecom (TPM) and Vodafone Hutchison Australia, that TPM shareholders received one share in TPG Corporation Limited (ASX: TPG) for every share they held in TPM plus a special fully franked cash dividend of $0.516 per TPM share, in addition TPM shareholders received one share in the demerged Tuas Limited (ASX:TUA) for every two TPM shares they held GLOBAL PETROLEUM LIMITED (GBP) 08 Jul 20 we understand the company's AIM listing dominated trading, the company has limited operations in Australia, lack of local investor interest and compliance costs of the listing - the Company's securities will remain tradeable as depository interests (DIs) on the AIM market of the London Stock Exchange ("AIM") under the code GBP HEARMEOUT LIMITED (HMO) 08 Jul 20 we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for an unacceptably long period UNIVERSAL COAL PLC (UNV) 03 Jul 20 we understand TerraCom Limited was successful with an offer of $0.10 cash and 0.6026 new TerraCom shares per UNV share (including UNV CDIs) MG UNIT TRUST (MGC) 03 Jul 20 we understand the trust has been delisted after the responsible entity of the trust, MG Responsible Entity Limited, advised that it has been placed into voluntary liquidation following the voluntary liquidation of Murray Goulburn Co-operative Co. Limited WINDLAB LIMITED (WND) 29 Jun 20 we understand Wind Acquisition 2 Pty Ltd was successful with an offer of $1.00 for each Windlab Share IDOL 2011-1 TRUST (IDH) 24 Jun 20 we understand the Trust was delisted at the request of IDH under Listing Rule 17.11, following the redemption of all its remaining notes COASSETS LIMITED (CA8) 19 Jun 20 we understand the company delisted because of low shareholder numbers, highly concentrated shareholdings, low levels of trading in the shares and the administrative and compliance costs associated with the listing GLOBAL FORTUNE INVESTMENT LIMITED (GFI) 15 Jun 20 we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for an unacceptably long period TAMBLA LIMITED (TBL) 12 Jun 20 we understand the company delisted because with its current size it cannot take advantage of the listing, low public share price, the listing being detrimental to winning new enterprise business, compliance costs, limited liquidity and insufficient shareholder spread ABUNDANT PRODUCE LIMITED (ABT) 11 Jun 20 we understand the company delisted because directors considered the shares were trading below the underlying value of the company, insufficient liquidity and compliance costs associated with the ASX listing HAWKLEY OIL AND GAS LIMITED (HOG) 09 Jun 20 we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for an unacceptably long period WINMAR RESOURCES LIMITED (WFE) 09 Jun 20 we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for an unacceptably long period SPECTRUM METALS LIMITED (SPX) 03 Jun 20 we understand Ramelius Resources was successful with an offer of one Ramelius share for every ten Spectrum Metals shares plus $0.017 cash per Spectrum Metals share SERIES 2011-2 WST TRUST (WSJ) 27 May 20 we understand the trust delisted following the redemption of the Class A Pass Through Floating Rate Notes due 20 July 2042 MILLENNIUM MINERALS LIMITED (MOY) 27 May 20 we understand that this company failed and went into administration, as the result of which, all of the shares in the Company were transferred to the Deed of Company Arrangement Proponent’s nominee for nil consideration IDOL 2011-2 TRUST (IDJ) 21 May 20 we understand the trust was delisted following redemption of all remaining notes of the trust (ASX: IDJHA, IDJHC, IDJHD, IDJHE and IDJHF) Delisted explainedApproximately 10,000 companies have been delisted from the Australian Stock Exchange (or the state-based exchanges), Newcastle Stock Exchange and Bendigo Stock Exchange over the past 100 odd years, or have had their name changed.These companies, the date and the reason for the delisting, feature on our website.As far as is possible, our record for delisted companies is "frozen" at the point of delisting from an exchange. Depending on company developments after delisting, you may find current items in "News Events" within the company record. You should realise other data within the company record may no longer be valid; the company may subsequently have changed its legal status and even be deregistered. If deregistered, it has ceased to exist.Why was your company delisted?Most companies are delisted either because they are acquired by another company, they merge with another company or they have solvency problems and go in to administration.Shareholders should also note that entities do change their name and many have had multiple names. They are then of course listed under their new name and no longer under their previous name.According to the Australian Stock Exchange Listing Rules, a company may be removed from the official list:If it asks to be removed (ASX may impose conditions). If in the opinion of ASX:It breaks a listing rule or is unwilling or unable to comply with a rule It has no quoted securities It is appropriate for some other reasonFollowing the issue of compulsory acquisition notices and previous suspension of securities under Listing Rule 17.4 or Listing Rule 17.4A.Its securities have been suspended from quotation for more than three years. Ifit fails to pay listing fees.Note that you can view the detail of these listing rules by clicking here.Delisting and company failureThe majority of companies are delisted because of takeover, merger, illiquidity of their securities, withdrawal because of listing costs and failure.Company failure also lies behind many "changes of activity" where companies fail with one activity and formally adopt another. Sometimes a change of name reflects an attempt to disassociate from past failures. Both are classic cases of failure masked by events other than a delisting. The share price usually reflects these failures.Many small companies fail and actually go into administration, where they are reconstructed and recapitalised. They later emerge with either the same name or a different name. If not delisted, there is hardly any sign of the failure. Only the shareholders concerned are painfully aware. Their capital has been savagely diluted and their shares are practically worthless.Larger companies that fail such as Pasminco, HIH Insurance, ABC Learning, Babcock Brown, are of course eventually delisted.Finding your companyIf your company has been delisted there are three ways of finding it: Search by code (see box above right) Search by company name (see box above left) Click on the appropriate letter of the alphabet (see the alphabet index above)If you are unable to find your company or the information is incomplete or incomprehensible we recommend you send us a message and we will try to assist.Please bear in mind we are unable to help with private companies, public companies that have never been listed or with companies domiciled outside Australia or New Zealand. The Australian Securities and Investments Commission on 1300 300 630 or the NZ Companies Office on 0508 266 726 may be able to assist you with other companies.Download delisted companies 1996-2019Please click on the appropriate year below to see in csv format, companies delisted in that calendar year along with the date, official ASX reason and our explanation for the delisting. (Note that our explanation includes the amount of consideration payable to shareholders where a company has been taken over or merged.) Thank you for the wonderful service you provide through your website. I've had the pleasure of selling a parcel of shares: easy, efficient, and very cost-effective. And I especially like the super-easy way your site allows me to chase up companies' various name changes, and so remain up-to-date.I Brandli, Coffs Harbour NSW …out of all the exchanges that I do research for, your particular web site makes finding information so easy. I wish the rest of the world would follow your footsteps. Reuters Thank you so much for assisting with this. I contacted the registry today and they did confirm there are …… shares [value: $42,000] in my sister’s name. I have put ......... in contact with them so she can update her address and will thereafter be able to claim the dividends [value: $3764] and sell her shares if she chooses. We really appreciate your help, this money will be of huge assistance to ..... What a fantastic service you provide.

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Provides company profile and status for failed, suspended and delisted companies and also shareholder information for all companies currently listed on ASX and NSX.

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