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07 November 2024
| Name: | BOOKTOPIA GROUP LIMITED (BKG) |
| ISIN: | AU0000114977 |
| Date of Listing: | 03 December 2020 |
| Date of Delisting: | 29 August 2024 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2024.Legal Status:
ACN: 612 421 388
This entity was placed in administration or receivership on 03 July 2024. It may currently be in administration and/or receivership or it may be subject to a deed of company arrangement.Capital Gains Tax (CGT) Status:
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Link Market Services Limited Sydney
Level 12, 680 George Street
Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
RegistryWebsite RegistryEmail
Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 30/08/2024 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2024 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025 | 29/08/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation. | 22/08/2024 |
A sale of Booktopia's business and related assets to Booktopia Direct (IP) Pty Ltd and Booktopia Direct Pty Ltd was completed on Friday evening (16 August). The Transaction enables the immediate resumption of trading for the Booktopia business, a vital part of Australia's publishing industry. The Purchasers have confirmed their intention to hire over 100 employees, with former Booktopia staff encouraged to rejoin the group. | 19/08/2024 |
Notice is now given that the meetings of the Companies will be held at 11:00AM (AEST) on Monday 15 July 2024. | 12/07/2024 |
The securities of Booktopia Group Limited were suspended at BKG's request on 17 June 2024 pending the release of an announcement regarding further outcomes from the previously announced strategic review including its progress in seeking additional funding. Having regard to the announcement on 3 July 2024 of the appointment of voluntary administrators of BKG and its subsidiaries, ASX has determined that BKG's financial condition is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.2. Accordingly, BKG's securities will now continue to be suspended from quotation under Listing Rule 17.3. The suspension will continue until such time that ASX is satisfied with BKG's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for BKG's securities to be reinstated to quotation. | 04/07/2024 |
Keith Crawford, Matthew Caddy and Damien Pasfield were appointed Voluntary Administrators of Booktopia Group Limited and its subsidiaries. | 03/07/2024 |
The company releases a notice of cancelation of proposed issue of securities. | 28/06/2024 |
The Company is continuing to seek funding to improve its liquidity, meet redundancy costs, and to provide it with ongoing working capital. The Company is continuing to seek support from suppliers and existing shareholders. Due diligence has been undertaken by some of these parties and the Company is now seeking to meet the preconditions required for any funding to be made available. The timetable for coming out of suspension is predicated on the form any potential funding takes, and the Company expects it will be in a better position to advise on the viability and form of that funding by 19 July 2024. In its opinion, the continued trading of the Company's securities is likely to be materially prejudicial to its ability to seek support from various parties and to obtain necessary funding. | 28/06/2024 |
The company is requesting an extension of its voluntary suspension on its securities until it can announce its strategic review and seek additional funding. The company is seeking alternative funding sources to meet redundancy costs and provide ongoing working capital. It is also exploring strategic options and is currently in due diligence from some parties. The suspension's release depends on the form of potential funding and the company expects to advise on its viability and form by the end of next week. The company believes continued trading could be materially prejudicial to its ability to seek support and obtain funding. | 21/06/2024 |
The securities of Booktopia Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BKG, pending the release of an announcement regarding further outcomes from the previously announced strategic review including its progress in seeking additional funding. | 17/06/2024 |
listed entity carried for record purposes only | 03/12/2020 |
Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 30/08/2024 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2024 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025 | 29/08/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation. | 22/08/2024 |
A sale of Booktopia's business and related assets to Booktopia Direct (IP) Pty Ltd and Booktopia Direct Pty Ltd was completed on Friday evening (16 August). The Transaction enables the immediate resumption of trading for the Booktopia business, a vital part of Australia's publishing industry. The Purchasers have confirmed their intention to hire over 100 employees, with former Booktopia staff encouraged to rejoin the group. | 19/08/2024 |
Notice is now given that the meetings of the Companies will be held at 11:00AM (AEST) on Monday 15 July 2024. | 12/07/2024 |
The securities of Booktopia Group Limited were suspended at BKG's request on 17 June 2024 pending the release of an announcement regarding further outcomes from the previously announced strategic review including its progress in seeking additional funding. Having regard to the announcement on 3 July 2024 of the appointment of voluntary administrators of BKG and its subsidiaries, ASX has determined that BKG's financial condition is not adequate to warrant the continued quotation of its securities and therefore is in breach of Listing Rule 12.2. Accordingly, BKG's securities will now continue to be suspended from quotation under Listing Rule 17.3. The suspension will continue until such time that ASX is satisfied with BKG's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for BKG's securities to be reinstated to quotation. | 04/07/2024 |
Keith Crawford, Matthew Caddy and Damien Pasfield were appointed Voluntary Administrators of Booktopia Group Limited and its subsidiaries. | 03/07/2024 |
The company releases a notice of cancelation of proposed issue of securities. | 28/06/2024 |
The Company is continuing to seek funding to improve its liquidity, meet redundancy costs, and to provide it with ongoing working capital. The Company is continuing to seek support from suppliers and existing shareholders. Due diligence has been undertaken by some of these parties and the Company is now seeking to meet the preconditions required for any funding to be made available. The timetable for coming out of suspension is predicated on the form any potential funding takes, and the Company expects it will be in a better position to advise on the viability and form of that funding by 19 July 2024. In its opinion, the continued trading of the Company's securities is likely to be materially prejudicial to its ability to seek support from various parties and to obtain necessary funding. | 28/06/2024 |
The company is requesting an extension of its voluntary suspension on its securities until it can announce its strategic review and seek additional funding. The company is seeking alternative funding sources to meet redundancy costs and provide ongoing working capital. It is also exploring strategic options and is currently in due diligence from some parties. The suspension's release depends on the form of potential funding and the company expects to advise on its viability and form by the end of next week. The company believes continued trading could be materially prejudicial to its ability to seek support and obtain funding. | 21/06/2024 |
The securities of Booktopia Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BKG, pending the release of an announcement regarding further outcomes from the previously announced strategic review including its progress in seeking additional funding. | 17/06/2024 |
listed entity carried for record purposes only | 03/12/2020 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 05/05/2022 | Antony Nash | 809,907 | $0.461 | $373,570 | |
| 06/12/2021 | Antony Nash | 3,500,000 | $1.750 | $6,125,000 | |
| 31/08/2021 | Fiona Pak Poy | 8,700 | $2.870 | $24,969 | |
| 14/05/2021 | Antony Nash | 1,557,022 | $2.680 | $4,172,819 | |
| 14/05/2021 | Wayne Baskin | 442,978 | $2.680 | $1,187,181 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Peter George | Executive Chairman | 01/12/2022 |
| Paul Welch | Independent Director | 27/03/2023 |
| Stephen Ezekiel | Non Exec Director | 12/12/2022 |
| Antony Nash | Executive Director | 18/05/2016 |
| Alistair Clarkson | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| David Nenke | CEO | 08/05/2023 | 03/06/2024 |
| Fiona Levens | CFO | 29/08/2022 | 15/05/2024 |
| Abigail Cheadle | Non Exec Director | 12/12/2022 | 27/10/2023 |
| Steven Traurig | Executive Director | 18/05/2016 | 28/07/2023 |
| Geoff Stalley | Interim CEO | 03/12/2020 | 08/05/2023 |
| Christopher Beare | Non Exec Chairman | 08/10/2017 | 01/12/2022 |
| Judy Slatyer | Independent Director | 14/04/2022 | 28/11/2022 |
| Fiona Pak Poy | Non Exec Director | 17/09/2020 | 28/11/2022 |
| Su-Ming Wong | Non Exec Director | 30/01/2020 | 20/09/2022 |
| Wayne Baskin | Executive Director | 03/10/2020 | 15/06/2022 |
| Marina Go | Non Exec Director | 03/10/2020 | 31/03/2022 |
Date of first appointment, title may have changed.
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