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21 November 2024
| Name: | NAVALO FINANCIAL SERVICES GROUP LIMITED (PYR) | ||||||
| ISIN: | AU0000118127 | ||||||
| Date of Listing: | 23 December 2020 | ||||||
| Date of Delisting: | 28 July 2023 | ||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 28 July 2023.Legal Status:
ACN: 605 753 535
To our knowledge this is a current registered entity, not in any form of external administration. Subsequent to delisting it may have changed its name. If you have questions about your shareholding they may be taken up with us here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.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.
ASX Announcements (courtesy of ASX)
| Company | FROM | TO |
|---|---|---|
| NAVALO FINANCIAL SERVICES GROUP LIMITED | 11/07/2023 | |
| PAYRIGHT LIMITED | 11/07/2023 |
REGISTRY:
Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
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. | 10/07/2024 |
delisted at entity's request under Listing Rule 17.11 | 28/07/2023 |
we understand a low free float (MCP Credit Trust holding 85.2% of the shares), limited trading in the shares, undervalued securities, lack of investor interest, costs of the listing and management time and effort | 28/07/2023 |
The securities of Navalo Financial Services Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PYR, pending PYR's removal from the official list of ASX. | 26/07/2023 |
name changed from Payright Limited | 11/07/2023 |
we understand this company consolidated its shares with shareholders receiving one share for every 125 they held previously | 07/07/2023 |
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. | 10/07/2024 |
delisted at entity's request under Listing Rule 17.11 | 28/07/2023 |
we understand a low free float (MCP Credit Trust holding 85.2% of the shares), limited trading in the shares, undervalued securities, lack of investor interest, costs of the listing and management time and effort | 28/07/2023 |
The securities of Navalo Financial Services Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of PYR, pending PYR's removal from the official list of ASX. | 26/07/2023 |
name changed from Payright Limited | 11/07/2023 |
we understand this company consolidated its shares with shareholders receiving one share for every 125 they held previously | 07/07/2023 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 17/12/2021 | Piers Redward | 5,000 | $0.215 | $1,075 | |
| 10/12/2021 | Paul Cowan | 14,699 | $0.220 | $3,234 | |
| 24/11/2021 | Matthew Pringle | 50,000 | $0.282 | $14,125 | |
| 24/09/2021 | Paul Cowan | 10,000 | $0.370 | $3,700 | |
| 30/08/2021 | Paul Cowan | 12,000 | $0.425 | $5,100 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Allan Griffiths | Non Exec Chairman | 25/01/2023 |
| Stewart Creighton | Interim CEO | 25/01/2023 |
| Tom Kellaway | CFO | 12/01/2023 |
| Andrew Lockhart | Non Exec Director | 27/05/2022 |
| Matthew Pringle | Non Exec Director | 23/12/2020 |
| Peter McCluskey | Non Exec Director | 15/10/2021 |
| Saara-Jayne Mistry | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Paul Cowan | Non Exec Chairman | 23/12/2020 | 25/01/2023 |
| Lindley Edwards | Non Exec Director | 23/12/2020 | 25/01/2023 |
| Piers Redward | Director, CEO | 23/12/2020 | 25/01/2023 |
| Myles Redward | Director, CEO | 23/12/2020 | 25/01/2023 |
| David Leach | CFO | 30/06/2021 | 11/01/2023 |
| Adam Tutchener | CFO | 23/12/2020 | 30/06/2021 |
Date of first appointment, title may have changed.
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