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BLUEFREEWAY LIMITED (ASX.BLU)

ASX, Legal & CGT Status
Former (or subsequent) names

 

Shareholder links

 

REGISTRY:
Computershare Sydney
6 Hope St Ermington NSW 2115
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 2 8235 8150
RegistryWebsite RegistryEmail

Company details
Address: Level 2, 151 Macquarie Street , SYDNEY , NSW, AUSTRALIA, 2000
Tel:  61 (2) 9336 8500 Fax: 61 (2) 9336 8599

Date first listed: 21/12/2006

Sector: Software & Services
Industry Group: XIJ
Activities: The Company consists of a number of wholly owned, majority and minority interests in 10 portfolio companies that provide specialist digital and interactive marketing and communications services (including hosting). The Company and the portfolio companies

will be removed from the official list of ASX Limited as from the close of trading on Wednesday 8 July 2009, at the request of the Company under listing rule 17.11, following an announcement by the Company confirming the implementation of the scheme of arrangement with IPMG Administration Pty Limited on 7 July 2009

08/07/2009

we understand IPMG as the major shareholder (owning 73% of the shares) agreed to acquire BlueFreeway shares for a cash price of $0.04 per share

08/07/2009

we understand that on or about this date the company undertook, proposed to undertake or was the subject of the following corporate action: - merge with IPMG Administration P/L - this corporate event may appear elsewhere in this company record

25/06/2009

the securities of BlueFreeway Limited (the "Company") will be suspended from quotation immediately, following lodgement of the court order made by the Federal Court with ASIC approving the scheme of arrangement whereby IPMG Administration Pty Limited will acquire all of the Company's ordinary fully paid shares

25/06/2009

the suspension of trading in the securities of BlueFreeway Limited (the "Company") will be lifted immediately, following receipt of an announcement detailing the outcome of discussions with the Company's bank and major shareholder in relation to its EBITDA covenant

19/05/2009

company announces that it has entered into an agreement ("Scheme Implementation Agreement") with its major shareholder, IPMG Administration Pty Ltd ("IPMG"), in relation to a proposed acquisition by IPMG of all the ordinary shares of BlueFreeway not already held by it, by way of a members' scheme of arrangement - IPMG has agreed to acquire BlueFreeway shares for a cash price of $0.04 per share

20/04/2009

the company is continuing its discussions with its bank and major shareholder

06/04/2009

IPMG have approached the Company to discuss a proposal to privatise the Company. Discussions are continuing and the Company's independent director is considering the proposal. In the event that the proposal progresses, it expected to be an integral part of the operational plan required by the Company's bank. It is expected that the Company will request ASX to reinstate its securities to quotation when the Company is in a position to make a further announcement, after its bank reviews the operational plan, in the week ending 1 st May 2009

03/04/2009

BlueFreeway has been approached by its major shareholder, IPMG, to discuss a proposal to privatise the Company - the proposal is conditional on a number of specific conditions being met including the renegotiation of earn outs with certain portfolio companies - IPMG currently holds approximately 73% of BlueFreeway voting shares, $11 million in secured debt and $7 million in secured convertible notes - the company's independent director is considering the proposal

25/03/2009

the securities of BlueFreeway Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending release of an announcement regarding the outcome of discussions with its bank and major shareholder in relation to its EBITDA covenant

16/03/2009

the suspension of trading in the securities of BlueFreeway Limited will be lifted immediately, following receipt of an announcement

13/06/2008

in addition to the continuing investigations into the financial results for the year ending 30 June 2008, the Company is also currently undertaking discussions in relation to its recapitalisation. To end the suspension, the Company will make an announcement in relation to its expected financial results and its recapitalisation discussions. It is anticipated that this announcement will be made in the next 2 to 3 weeks

21/05/2008

securities suspended from quotation - as a result of the significant restructure initiatives commenced by BlueFreeway over the previous months the Company is not presently in a position to make this announcement and must undertake further investigations before it is in a position to do so - it is anticipated that these investigations will take up to 2 weeks - when these investigations are finalised the Company will make an announcement which is expected to provide a basis to end the suspension

07/05/2008

securities reinstated to quotation

02/05/2007

securities suspended following failure to lodge quarterly reports

01/05/2007
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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Michael HannanChairman, Non Exec Director04/04/2008
    Jeff EwingCFO13/06/2008
    David HannanDirector03/07/2009
    Richard ShawCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Date of first appointment, title may have changed.