BUDDY TECHNOLOGIES LTD (ASX.BUD)

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 12 December 2023) SPECIAL NOTE: Buddy Tech shareholders should be aware this declaration is relevant to you in respect of Ordinary Shares acquired from 18 December 2006 to 25 March 2021, and Ordinary Shares acquired from 21 April 2021 to 29 August 2023. Shareholders who acquired shares from 26 March 2021 to 20 April 2021 are asked to complete a Shareholder Information sheet which can be obtained by email to buddy@wexted.com

Andrew McCabe and Christopher Johnson of Wexted Advisors are appointed Liquidators of the Company

the receivership ends and the receivers retire

Andrew McCabe and Christopher Johnson of Wexted Advisors are appointed as Voluntary Administrators of the Company

delisted for non-payment of annual listing fee under Listing Rule 17.15

we understand the entity failed to pay the annual listing fee

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Friday, 19 August 2022 would have its securities suspended from Official Quotation before the commencement of trading on Monday, 22 August 2022. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023, and each entity's securities are already suspended from quotation. Under Listing Rule 17.15, any entity that has not paid its annual listing fees as required by Listing Rule 16.5 by 5.00 pm AEST on Friday, 26 August 2022 will be removed from the Official List with effect from the close of trading on Friday, 26 August 2022.

The Receivers have completed the Transaction Process described in the ASX announcement dated 13 April 2022 and provide the following update in relation to BUD and its subsidiaries: On Tuesday 2 August (AEST), BUD and certain of its subsidiaries completed a transaction to sell certain assets associated with the LIFX business to Feit Electric Company, Inc., a U.S. based company; and The subsidiaries of BUD that operate the Buddy Ohm business are taking steps to cease operations of that business, which is expected to be complete by mid-August 2022. In light of the sale and the winding down of the Buddy Ohm business the operations of the Group have now substantially ceased. The Receivers expect however to remain appointed to BUD for the foreseeable future for the purposes of realising any other residual assets subject to PFG's security, acknowledging there is likely to be a shortfall in repayment for the full amount of secured debt owing to PFG.

The securities of Buddy Technologies Ltd will be suspended from quotation from the commencement of trading on Wednesday, 13 April 2022 under Listing under Listing Rule 17.3, at the request of BUD, following the appointment of Christopher Hill and David McGrath of FTI Consulting as joint and several receivers and managers of the Company. The securities will remain suspended until further announcements in this regard.

Christopher Hill and David McGrath of FTI Consulting were appointed joint and several Receivers and Managers of Buddy Technologies Ltd at 5PM on Tuesday 12 April 2022, pursuant to security held by Partners for Growth VI, L.P. The effect of the appointment is that the Receivers are now in control of the Company's assets, shares in its subsidiaries, undertaking and operations. The Receivers will shortly commence a process seeking offers for a sale or recapitalisation of the Group. It is anticipated that indicative offers will be sought from interested parties by the week commencing 2 May 2022.

The suspension of trading in the securities of Buddy Technologies Ltd will be lifted immediately following the release of an announcement regarding an application to the Supreme Court of Western Australia by the Company seeking orders in relation to an administrative oversight in 2021, resulting in the Company's inadvertent failure to lodge a cleansing prospectus under the Corporations Act 2001 (Cth) in respect to the issue of certain shares under the Company's Incentive Plan.

The company's application to the Supreme Court of Western Australia in respect to certain shares issued under the company's incentive plan was heard. At the hearing, the Court made the orders sought by the company.

The company issues a prospectus for an offer of up to 1,000 new shares at an issue price of A$0.01.

The company releases an application for quotation of securities.

The company releases a notification regarding unquoted securities.

An application has been made to the Supreme Court of Western Australia seeking orders that any offer for sale or sale of securities is not invalid by reason of the company's failure to issue a notice under s 708(5)(e) of the Corporations Act or a prospectus pursuant to s 708A(11) of the Corporations Act to exempt the sellers from the obligation of disclosure under the Corporations Act or the sellers' consequent failure to comply with section 707(3) of the Corporations Act. The application has been listed for hearing on Thursday, 3 March 2022 at 9.00am (AWST).

The securities of Buddy Technologies Ltd will be suspended from quotation from the commencement of trading on Tuesday, 1 March 2022 under Listing under Listing Rule 17.2, at the request of BUD, pending the release of an announcement regarding an application to the Supreme Court of Western Australia by the Company seeking orders in relation to an administrative oversight in 2021, resulting in the Company's inadvertent failure to lodge a cleansing prospectus under the Corporations Act 2001 (Cth) in respect to the issue of certain shares under the Company's Incentive Plan..

The suspension of trading in the securities of Buddy Technologies Ltd will be lifted immediately, following BUD providing a response to ASX's queries and the release by BUD of an announcement regarding an Equity Capital Raising and Debt Restructure.

The company releases a notice of Proposed issue of securities - BUD.

Equity capital raising bookbuild completed and firm commitments received from institutional, professional and sophisticated investors for a placement to raise A$6.5 million (before costs). Buddy to undertake entitlement offer to existing shareholders to raise up to an additional A$10 million (before costs). Buddy is undertaking a debt restructure whereby (amongst other matters): it has agreed with its primary manufacturer, Eastfield, to pay US$2.75 million in full and final settlement of amounts owing in respect to a line of credit facility and historical accounts payables (such amounts totalling ~US$5.77 million, being US$3.02 million of debt forgiveness) - payment will be funded via proceeds from the placement, entitlement offer and/or from PFG; PFG, Buddy's secured lender, has also agreed to (amongst other things) restructure its existing term debt facility and, if required, fund part of the payment to Eastfield.

The company releases a Response to ASX Query.

The company releases a response to ASX query.

In relation to the critical component shortage and manufacturing, the Company's teams in Melbourne and China have evaluated and successfully located a replacement component from an alternative supplier; and alternative supply of the critical component was found in batches that permitted a partial resumption of some production runs to proceed. The Company continues to receive weekly shipments to our warehouses in Australia, Europe and North America. These shipments are from manufacturing orders placed in November 2020 and January 2021. Given the critical component shortage and associated delays, the Company now expects to be in receipt of the final deliveries from these orders by the end of July. LIFX Clean, the world's first germicidal, antibacterial smart light, has launched in 1-pack and 2-pack configurations at Amazon and Best Buy in the United States. Further, the new two-button LIFX Switch (North America version) has launched in pre-sales and is expected to ship to customers in late June/early July. The Company is progressing its funding arrangements as the business approaches what is traditionally the busier quarters of the year. The Company is in the process of evaluating its responses to various ASX queries and is endeavouring to address these as soon as possible.

ASX has suspended the securities of Buddy Technologies Ltd from official quotation pursuant to Listing Rule 17.3, for failure to respond to an ASX query. The securities will remain suspended until the Company provides a satisfactory response to ASX's query dated 29 April 2021.

The company requests an extension of its voluntary suspension pending a response to ASX queries. This is expected to last until the earlier of the company making an announcement or the commencement of trading on 10 May 2021..

The company requests a further extension of the voluntary suspension of its securities pending a response to ASX queries. This is expectd to last until the earlier of the company making an announcement or the commencement of trading on 6 May 2021.

The company requests an extension of the voluntary suspension of its securities pending the response to an ASX query letter. The voluntary suspension is expected to last until the earlier of the company making an announcement or the commencement of trading on 4 May 2021.

A reporting error in respect to the Company's internal management reports and accounts for the Company's March sales was identified. This error meant that the Company's management accounts for March had incorrectly included intercompany accounts (internal transfers between subsidiaries) and, as a result, the revenue figures for the month of March that were reported to both the Audit & Risk Committee and the Board of Directors were inflated. The Company formally retracts statements in the March announcement, which were made on the basis of the incorrect management accounts. The Board of the Company has investigated how this error has occurred and considers this to be an isolated incident. Also, the Board has determined to withdraw all previous guidance in respect to the Company's H2 FY2021 revenue and earnings guidance and does not consider it appropriate, at this time, to provide an updated revenue and earnings guidance.

The company lodges its Appendix 4C and Commentary - Q3 FY21.

The securities of Buddy Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUD, pending the release of an announcement regarding an update to its March financial results.

The suspension of trading in the securities of Buddy Technologies Ltd will be lifted immediately following the release by BUD of an announcement regarding legal proceedings concerning the equity financing agreement with CST Capital Pty Ltd ATF the CST Investments Fund.

The company was recently forwarded copies of a writ of summons issued out of the District Court of Western Australia dated 7 August 2020 alleging a breach of the Agreement and claiming unspecified damages; and a default judgment entered in the District Court of Western Australia dated 3 September 2020, that the Company pay CST the value of damages yet to be assessed. Default judgment was granted in favour of CST in the absence of the company entering an appearance to defend the claim at the District Court in response to the writ. The company has expressed its disappointment that neither the company nor its legal counsel was afforded the professional courtesy of an email making it aware of the writ prior to CST applying for the defaul judgment being granted. The company's legal counsel has entered a conditional appearance with the District Court and the company has instructed its legal counsel to promptly apply to set aside the default judgment and defend the legal proceedings. The company can also confirm that its finance facilities remain unaffacted, and it is business as usual for team members working around the world.

The company requests the voluntary suspension remain in place until the earlier of the release of an announcement in respect of legal proceedings concerning the equity financing agreement with CST Capital ATF the CST Investments Fund or the commencement of trading on 6 November 2020.

Buddy has reached agreement with the lenders of debts associated with Buddy's acquisition of LIFX in 2019 to extend the final maturity date from 30 October 2020 to 31 December 2020. The extension provides time for the formalisation and execution of final documentation in respect to a US$20 million facility provided by San Francisco-based Partners for Growth. The parties remain on track to reach financial close within 45 business days of the execution of the binding term sheet announced on 21 October 2020.

The company lodges its September Quarterly 4C Review (Q1FY21).

The securities of Buddy Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUD, pending the release of an announcement regarding legal proceedings concerning an equity financing agreement.

The suspension of trading in the securities of Buddy Technologies Ltd will be lifted immediately following the release by BUD of an announcement regarding an equity financing agreement.

The company releases a notice of Proposed issue of Securities - BUD.

Buddy has entered into a share purchase agreement to provide financing by way of a tranched equity-backed finance facility over a period of 24 months. The facility will provide the Company with A$12.5 million of working capital funding, and will sit alongside the Company's existing trade and inventory financing facilities, which will continue to be used to fund manufacturing and supply growth. The financing provides Buddy with the necessary capital to emerge from the Coronavirus pandemic in a strong position, while providing access to significant growth capital should the business have such a need during this period.

The securities of Buddy Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUD, pending the release of an announcement regarding an equity financing agreement.

name changed from Buddy Platform Ltd