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26 March 2025
| Name: | E-BUSINESS SYSTEMS LIMITED (EBS) |
| Date of Listing: | 21 February 2008 |
| Date of Delisting: | 19 October 2012 |
Stock Exchange Status:
This entity was delisted from the National Stock Exchange of Australia on 19 October 2012.Legal Status:
Capital Gains Tax (CGT) Status:
This entity was deregistered on 16 January 2014. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Security Transfer Australia Pty Ltd
No longer operating
company deregistered today | 16/01/2014 |
delisted from trading and the NSX, effective immediately | 19/10/2012 |
we understand the company's main asset was sold and it was decided to liquidate the company and make a distribution to shareholders | 19/10/2012 |
the resolution proposed at its EGM held today the two resolutions for decision (relating to proposed return of capital & proposed de-listing from the NSX in accordance with the notice of meeting included with the circular to shareholders dated 31 August) were duly passed on a show of hands | 02/10/2012 |
During the year the decision was taken to sell the operating company, Corpnet (Australia) Pty Ltd to Logicalis Australia Pty Limited following an unsolicited approach. That approach resulted in what the board regarded as a full price given trading history and market conditions, as well as the financial performance of the business, and has been explained and reported in previous communications. Since completion of the transaction, which took place on 1 June, the company has made an adjustment payment of $71,579 to Logicalis Australia Pty Limited consequent upon the net asset formula set out in the sale agreement. Also, as EBIT for Corpnet (Australia) Pty Ltd on a stand-alone basis has come in below the agreed earn-out threshold of $350,000, no further consideration is due to the company. Finalisation of these matters paves the way for winding up the company in accordance with the proposal previously communicated to shareholders | 19/09/2012 |
company deregistered today | 16/01/2014 |
delisted from trading and the NSX, effective immediately | 19/10/2012 |
we understand the company's main asset was sold and it was decided to liquidate the company and make a distribution to shareholders | 19/10/2012 |
the resolution proposed at its EGM held today the two resolutions for decision (relating to proposed return of capital & proposed de-listing from the NSX in accordance with the notice of meeting included with the circular to shareholders dated 31 August) were duly passed on a show of hands | 02/10/2012 |
During the year the decision was taken to sell the operating company, Corpnet (Australia) Pty Ltd to Logicalis Australia Pty Limited following an unsolicited approach. That approach resulted in what the board regarded as a full price given trading history and market conditions, as well as the financial performance of the business, and has been explained and reported in previous communications. Since completion of the transaction, which took place on 1 June, the company has made an adjustment payment of $71,579 to Logicalis Australia Pty Limited consequent upon the net asset formula set out in the sale agreement. Also, as EBIT for Corpnet (Australia) Pty Ltd on a stand-alone basis has come in below the agreed earn-out threshold of $350,000, no further consideration is due to the company. Finalisation of these matters paves the way for winding up the company in accordance with the proposal previously communicated to shareholders | 19/09/2012 |
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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Geoff Marshall | Director | |
| Paul Lynch | Director | |
| Agim Isai | Director | |
| Jeremy Martineau | Company Secretary |
Date of first appointment, title may have changed.
Date of first appointment, title may have changed.
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