CERAMIC FUEL CELLS LIMITED (ASX.CFU)

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.

delisted from the commencement of trading on Monday, 05 March 2018, pursuant to Listing rule 17.12.

we understand this company failed and ASX removed the company from listing as its securities have not been quoted for three years

On 5 October 2016, the terms were met to enable effectuation of the DOCA, and accordingly, the Deed Administration has now been finalised. The company is now released from external administration and is now under the control of its directors which were appointed under the terms of the DOCA as discussed.

The company provides the list of its top 20 shareholders.

The company, administrators and Litigation Capital Partners Funding executed the DOCA. The Creditors' Trust Deed was also executed on 23 September 2016. Upon execution of the DOCA, the winding up of the company was terminated pursuant to the court's orders and Section 482(1) of teh Corporations Act 2001. The DOCA is required be completed within 7 days from 23 September 2016, following which the Company will be under the control of LCP's management. An update will be published on the ASX at this time.

On 9 September 2016, the Supreme Court of Victoria heard our application seeking orders to allow the company to enter into a DOCA proposed by Litigation Capital Partners or its nominee. The nominee has now been confirmed b be Litigation Capital Partnem Funding Pte Ltd. . On 12 September 2016, the Orders were made which require the company and LCP to execute the DOCA within 14 days. The orders also have the effect of terminating the company's liquidation upon execution of the DOCA, amongst other things.

On 1 June 2016, creditors resolved that the company be authorised to enter into a DOCA which was required to be executed within 15 businses days after the end of the creditors' meeting. However, circumstances resulted in the DOCA not being executed within this timeframe. Prior to the expiry of this date, an application to seek an extension of time was filed with the Supreme Court of Victoria. On 16 August 2016, an affidavit supporting this application was filed and is expected that a hearing date will be set down shortly. In addition to seeking an extension of time to enter into a DOCA, the application will also seek an order permitting the creditor approved DOCA proposal to be substituted with an alternative DOCA proposal, which is considered more favorable to the company's creditors.

At a duly convened meeting of creditors last 1 June 2016, creditors resolved that the company be authorised to execute a DOCA as proposed by Tiga. Once executed, the DOCA will be binding on the company, the administrators, its creditors and Tiga. The DOCA is the mechanism through which a recapitalisation of the company is able to be effectuated.

On 27 April 2016, the company's creditors passed a resolution consenting to Mr. Walsh and Mr. Nikitins being appointed as Joint and Several Administrators of the company. In their capacity as joint and several liquidators, Mr. Walsh and Mr. Nikitins appointed themselves ans Joint and Several Administrators of the company on the same date.

The company announces closure of CHESS subregister.

a loss declaration has been issued - if you are still a shareholder, the capital loss can be claimed in the financial year the declaration is issued - in this case 2014-15

The company lodges an announcement about a sale of assets

With the sale of business and assets process ongoing, liquidators are unable to form a definite view as to the value of the Company's shares however, based on current estimates, it appears unlikely that there will be a return to shareholders. Shareholders seeking to claim a capital loss are directed to take their own tax and legal advice on this matter. The Joint and Several Liquidators are unable to provide advice in this regard

creditors resolve to wind up the Company

Shareholders seeking to claim a capital loss are directed to take their own tax and legal advice on this matter by the Joint and Several Administrators who are unable to provide you with advice in this regard - deListed provides a service for those shareholders seeking to crystallise their loss

Arden Partners plc has stepped down as the Company's Nominated Adviser with immediate effect

suspended from Official Quotation from the commencement of trading today 2 March 2015 following failure to lodge their Half Yearly Reports for the period ending 31 December 2014

Adam Nikitins and Justin Walsh of Ernst & Young have been appointed Voluntary Administrators of the Company, with effect from yesterday evening. The appointment of the Voluntary Administrators to the Company in Australia will also impact the international corporate operations of the Company, which the Voluntary Administrators will consider. The Company has been unsuccessful in securing further funding to enable it to explore a corporate transaction to maintain the ongoing future operations of the Company and the Directors have been left with no option but to place the Company under external administration