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26 March 2025
| Name: | COSTA GROUP HOLDINGS LIMITED (CGC) |
| ISIN: | AU000000CGC2 |
| Date of Listing: | 24 July 2015 |
| Date of Delisting: | 27 February 2024 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 27 February 2024.Legal Status:
ACN: 151 363 129ABN: 68 151 363 129
Registration Date: 08 June 2011
Capital Gains Tax (CGT) Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. You will need to seek independent tax advice in relation to Capital Gains Tax or other tax matters but any other enquiries relating to your shareholding in the company should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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
Level 12, 680 George Street
Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
RegistryWebsite RegistryEmail
delisted at entity's request under Listing Rule 17.11 | 27/02/2024 |
we understand that Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation acquired all of the ordinary shares in Costa, that they and their Associates did not already own, for $3.20 per share | 27/02/2024 |
The scheme of arrangement under which Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation is acquiring all of the ordinary shares in Costa that the Consortium and its Associates do not already own has been implemented today. In addition, all of the ordinary shares in Costa held by Excluded Shareholders have been transferred to Bidco. Accordingly, all Costa shares have been transferred to Bidco. | 26/02/2024 |
The securities of Costa Group Holdings Limited will be suspended from quotation at the close of trading on Thursday, 8 February 2024 under Listing Rule 17.2, following lodgement with ASIC of the Federal Court of Australia orders approving the scheme of arrangement by which Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation will acquire all of the issued shares in CGC the Consortium and its associates do not already own. | 08/02/2024 |
The suspension of trading in the securities of Costa Group Holdings Limited will be lifted immediately, following the release by CGC of an announcement regarding the completion of CGC's institutional entitlement offer. | 30/10/2019 |
The company has successfully completed the institutional component of its fully underwritten 1 for 4 pro rata accelerated renounceable entitlement offer with retail rights trading, raising approximately $87 million. The institutional shortfall bookbuild clearing price was $2.30 per new share, representing a $0.10 premium to the offer price of $2.20 per new share. Retail entitlement offer opens on 6 November 2019. | 30/10/2019 |
The company releases an investor presentation - market update and equity raising. | 28/10/2019 |
The company releases a cleansing notice in relation to the pro rata accelerated renounceable entitlement offer, with retail rights trading of 1 fully paid ordinary share in Costa for every 4 Costa ordinary shares held as at 7.00 pm (AEDT) on Thursday, 31 October 2019 by shareholders with a registered address in Australia, New Zealand and certain other jurisdictions in which Costa decides to extend the Entitlement Offer. | 28/10/2019 |
Previously foreshadowed challenges facing the company have continued to crystallise. In addition, prolonged extreme dry and hot conditions are now impacting fruit sizing and yield in avocados, blueberries and the late season citrus crop."¢ CY19 guidance is reduced to EBITDA-SL of approximately $98 million and NPAT-SL of approximately $28 million, recognising the challenges of forecasting in the current environment. The Costa business model and strategy remain robust in order to deliver strong shareholder returns in the medium to long term. At this point in time based on current information, Costa expects CY20 EBITDA-SL to be approximately $150 million and NPAT-SL to be approximately in line with CY18 NPATSL (which was $56.6 million) prior to taking into account the impact of the equity raising. Concern over water security issues has led to a decision to pause the 10-hectare glasshouse expansion at Guyra. Costa has invested over $400 million in capex and M&A since its IPO in five expansion programs without any equity injection. Costa today announces that it is raising approximately $176 million through a fully underwritten1 accelerated renounceable pro-rata entitlement offer with retail rights trading. The equity raising will strengthen Costa's balance sheet and ensure that Costa has an appropriate capital structure in place to support the continuation of the company's growth strategy in light of recent trading and market conditions, and the prolonged impact of drought conditions. | 28/10/2019 |
VTH announces CGC's voluntary suspension. VTH is monitoring the situation and will make further disclosure to the market in the event that VTH is in the receipt of any material information. | 23/10/2019 |
The securities of Costa Group Holdings Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of CGC, pending the release of an announcement to the market in respect of its trading outlook. | 23/10/2019 |
listed entity carried for record purposes only | 24/07/2015 |
delisted at entity's request under Listing Rule 17.11 | 27/02/2024 |
we understand that Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation acquired all of the ordinary shares in Costa, that they and their Associates did not already own, for $3.20 per share | 27/02/2024 |
The scheme of arrangement under which Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation is acquiring all of the ordinary shares in Costa that the Consortium and its Associates do not already own has been implemented today. In addition, all of the ordinary shares in Costa held by Excluded Shareholders have been transferred to Bidco. Accordingly, all Costa shares have been transferred to Bidco. | 26/02/2024 |
The securities of Costa Group Holdings Limited will be suspended from quotation at the close of trading on Thursday, 8 February 2024 under Listing Rule 17.2, following lodgement with ASIC of the Federal Court of Australia orders approving the scheme of arrangement by which Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation will acquire all of the issued shares in CGC the Consortium and its associates do not already own. | 08/02/2024 |
The suspension of trading in the securities of Costa Group Holdings Limited will be lifted immediately, following the release by CGC of an announcement regarding the completion of CGC's institutional entitlement offer. | 30/10/2019 |
The company has successfully completed the institutional component of its fully underwritten 1 for 4 pro rata accelerated renounceable entitlement offer with retail rights trading, raising approximately $87 million. The institutional shortfall bookbuild clearing price was $2.30 per new share, representing a $0.10 premium to the offer price of $2.20 per new share. Retail entitlement offer opens on 6 November 2019. | 30/10/2019 |
The company releases an investor presentation - market update and equity raising. | 28/10/2019 |
The company releases a cleansing notice in relation to the pro rata accelerated renounceable entitlement offer, with retail rights trading of 1 fully paid ordinary share in Costa for every 4 Costa ordinary shares held as at 7.00 pm (AEDT) on Thursday, 31 October 2019 by shareholders with a registered address in Australia, New Zealand and certain other jurisdictions in which Costa decides to extend the Entitlement Offer. | 28/10/2019 |
Previously foreshadowed challenges facing the company have continued to crystallise. In addition, prolonged extreme dry and hot conditions are now impacting fruit sizing and yield in avocados, blueberries and the late season citrus crop."¢ CY19 guidance is reduced to EBITDA-SL of approximately $98 million and NPAT-SL of approximately $28 million, recognising the challenges of forecasting in the current environment. The Costa business model and strategy remain robust in order to deliver strong shareholder returns in the medium to long term. At this point in time based on current information, Costa expects CY20 EBITDA-SL to be approximately $150 million and NPAT-SL to be approximately in line with CY18 NPATSL (which was $56.6 million) prior to taking into account the impact of the equity raising. Concern over water security issues has led to a decision to pause the 10-hectare glasshouse expansion at Guyra. Costa has invested over $400 million in capex and M&A since its IPO in five expansion programs without any equity injection. Costa today announces that it is raising approximately $176 million through a fully underwritten1 accelerated renounceable pro-rata entitlement offer with retail rights trading. The equity raising will strengthen Costa's balance sheet and ensure that Costa has an appropriate capital structure in place to support the continuation of the company's growth strategy in light of recent trading and market conditions, and the prolonged impact of drought conditions. | 28/10/2019 |
VTH announces CGC's voluntary suspension. VTH is monitoring the situation and will make further disclosure to the market in the event that VTH is in the receipt of any material information. | 23/10/2019 |
The securities of Costa Group Holdings Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of CGC, pending the release of an announcement to the market in respect of its trading outlook. | 23/10/2019 |
listed entity carried for record purposes only | 24/07/2015 |
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If you are interested in becoming a claimant in the settled Class Action Lawsuit involving Costa Group Holdings contact Hong Kong Transfer, assigned transfer agent at info@hk-transfer.com for more information | 22/03/2025 07:51:53 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 24/02/2022 | Peter Margin | 7,735 | $2.840 | $21,967 | |
| 02/12/2021 | Neil Chatfield | 10,000 | $2.760 | $27,600 | |
| 30/11/2021 | Sean Hallahan | 17,391 | $2.880 | $50,086 | |
| 30/11/2021 | Tim Goldsmith | 20,000 | $2.870 | $57,400 | |
| 03/11/2021 | Neil Chatfield | 10,000 | $2.940 | $29,400 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Wayne Johnston | CFO | 29/06/2020 |
| Jane Wilson | Independent Director | 01/04/2019 |
| Peter Margin | Independent Director | 24/07/2015 |
| Janette Kendall | Independent Director | 11/10/2016 |
| Tim Goldsmith | Independent Director | 01/09/2018 |
| Neil Chatfield | Independent Director | 09/10/2011 |
| David Thomas | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Harry Debney | Non Exec Director, Interim CEO | 07/01/2012 | 31/12/2023 |
| Sean Hallahan | Managing Director, CEO | 31/03/2021 | 26/09/2022 |
| Amin Ikram | CFO | 01/05/2020 | 29/06/2020 |
| Linda Kow | CFO | 01/05/2020 | |
| Frank Costa | Non Exec Director | 08/06/2011 | 04/07/2019 |
| Kevin Schwartz | Non Exec Director | 07/10/2011 | 28/02/2019 |
| Tiffany Fuller | Non Exec Director | 01/10/2015 | 01/09/2018 |
Date of first appointment, title may have changed.
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