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ONTERRAN LIMITED (ASX.OTR)

ASX, Legal & CGT Status
Former (or subsequent) names
CompanyFROMTO
ONTERRAN LIMITED08/12/2015
NOMAD BUILDING SOLUTIONS LIMITED08/12/2015
Shareholder links

 

REGISTRY:
Link Market Services Brisbane
Level 21, 10 Eagle Street Brisbane QLD 4000
Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000OTR8
Address: Level 27 10 Eagle Street Brisbane QLD 4000
Tel:  +61 (7) 3054 4570 Fax: (08) 9302 1132

Date first listed: 31/10/2006

Sector: Capital Goods
Industry Group: XNJ
Activities: Manufacture and construction of permanent, transportable and modular buildings, and property development throughout Australia

The administrator or controller notifies ASIC of a change of their address.

13/11/2024

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

The administrator reports on the company's financial status, updates on the administration's progress, and the administrator's activities in managing the company under the DOCA.

13/06/2024

The company notifies ASIC of a change in its registered address.

13/09/2023

The company notifies ASIC of the appointment or cessation of a director or company secretary.

11/11/2022

delisted from the commencement of trading on 3 February 2020 pursuant to Listing rule 17.12.

03/02/2020

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

03/02/2020

The company has not paid their annual listing fees in respect of the year ending 30 June 2020 but the securities are already suspended from official quotation.

22/08/2019

The company executed the proposed DOCA on 26 June 2019.

03/07/2019

At the 6 June 2019 second meeting of creditors, creditors passed a resolution that the company should execute a DOCA. Patricia Talty and David Clout were appointed as Joint and Several Deed Administrators. The administrators are arranging for the company to execute the DOCA and note that this must occur within 15 business days after the day of the meeting.

07/06/2019

The administrators are currently undertaking an assessment of Onterran's business and will work with stakeholders to determine the appropriate strategy for the business. A meeting of creditors will be held within 8 business days after the appointment of the administrators. The meeting is anticipated to be held on 20 March 2019.

11/03/2019

The company announces the sale of its share in Island Resorts. This sale is seen as the best opportunity to protect and enhance remaining value for all classes of shareholder of Onterran. The consideration for the transaction is assumption of significant liabilities, which in most cases would flow up to Onterran, with total consideration being approximately $17 million. EDG Capital is an existing secured creditor. With a new owner in place who plans to invest significantly in the Couran Cove Island Resort, Onterran will be free to pursue other opportunities available to it, whilst still gaining indirect benefit from investment in the resort from the investment of the new resort owner.

09/03/2019

On 8 March 2019, David Clout and Trish Talty were appointed as voluntary administrators of the company. It is the intent of the company to enter a restructuring process through offering and seeking the approval of a DOCA.

08/03/2019

The company announces the execution of new agreements with Eureka Group Holdings Limited, a summary of which has been released to the market today. This is an important step in the restructure of OTR.

30/08/2018

Eureka provides a comprehensive update on the loans receivable from the Onterran Group. The key elements of the settlement reached are as follows. The 28 remaining cabins and apartments owned by Eureka are to be sold for $2.01 million to a purchaser that is not a related party of the Onterran Group. Settlement is to occur on 6 September 2018. The $2.54 million loan receivable has been further reduced by additional payments to $2.26 million. Lachlan McIntosh has agreed to the McIntosh Loan to bridge a gap and facilitate the transactions. The McIntosh Loan is due for repayment on 31 December 2019. The West Cabin Loan is due for repayment no later than 28 February 2019. No interest accrues on this loan. The existing $3 million amount owed to Eureka by Couran Cove Holdings Pty Ltd is to be refinanced under a new secured loan to CCH Developments No 1 Pty Ltd. No interest accrues on this loan. The restructure of the $2.26 million and $3 million loans are subject to the conditions precedent. The completion of these transactions will result in Eureka receiving a substantial amount of cash of $3.60 million and a pathway to a further $0.67 million within 6-18 months.

30/08/2018

Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Tuesday, 21 August 2018 will have its securities suspended from official quotation before the commencement of trading on Wednesday, 22 August 2018. The company has not paid its annual listing fees in respect of the year ending 30 June 2019 but the securities are already suspended from official quotation. In accordance with Listing Rule 16.5, entities that pay their annual listing fees after Tuesday, 21 August 2018 must pay by bank cheque only. 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 Tuesday, 28 August 2018 will be removed from the Official List with effect from the close of trading on Tuesday, 28 August 2018.

22/08/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

06/08/2018

Eureka Group Holdings Limited provides an update on the Couran Cove loan. The debt has since been reduced to $ 2.54 million. Couran Cove has now approached Eureka to seek variations to the loan repayment schedule including deferring some of the scheduled progressive repayments. Eureka has reserved its rights under the security agreements and is considering proposals submitted by Couran Cove. Eureka no longer anticipates full repayment of the remaining $2.54 million prior to 30 June 2018. Eureka is in advanced discussions with key stakeholders of Onterran Limited with a view to obtaining final payment early in the next financial year.

15/05/2018

The company requests an extension of its voluntary suspension pending information about a likely recapitalisation. The event that will end the suspension will be the latter of an announcement about the terms of a proposed recapitalisation of Onterran or the lodgement of the outstanding Onterran Financial Reports. The timing of each of these events is uncertain but Onterran expects that the suspension will end on 29 June 2018.

23/02/2018

Onterran Limited requests that the current voluntary suspension in respect of all of its securities quoted on the ASX be extended pending completion of the wind down and closure of the McGrath subsidiary and information about the likely recapitalisation of Onterran. Onterran expects the voluntary suspension to last until Thursday 1 March 2018.

01/12/2017

The company requests that its current voluntary suspension be extended pending completion of the wind-down and closure of the McGrath subsidiary and a trading update. The suspension is expected to last until 1 December 2017.

25/09/2017

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately.

22/08/2017

Onterran Limited requests that the current voluntary suspension in respect of all of its securities quoted on the ASX be extended pending completion of the wind-down and closure of the McGrath subsidiary. The company expects the voluntary suspension to last until Friday 22 September 2017.

11/08/2017

The company requests that the current suspension of its securities be extended pending completion of the wind-down and closure of the McGrath subsidiary; entering into the DOCA for Bloomer and trading update. Onterran expects the voluntary suspension to last until Monday 11 August 2017.

30/06/2017

The company provides an update. At the second meeting of creditors in the voluntary administration of Bloomer Constructions, creditors voted to enter into a DOCA. The formalities of entering into a DOCA are in the process of being completed. The wind down of the McGrath Modular business continues, with its final house having now been delivered to site. On completion of this house, McGrath will cease trading and take steps to close the business and thereafter provided an update to the market.

30/06/2017

The company provides an update in respect of its construction subsidiaries. The second meeting of creditors in the voluntary administration of Bloomer Constructions is expected to be held between 28 June and 30 June 2017. The board has resolved to cease all activities and wind down the McGrath business. Contracts for two residential homes are expected to be completed in the coming weeks at which point all work on hand will be completed.

31/05/2017

Onterran Limited requests that the current voluntary suspension in respect of all of its securities quoted on the ASX be extended pending completion of the divestment of the McGrath subsidiary and trading update. Onterran expects the voluntary suspension to last until Monday 3 July 2017.

22/05/2017

Onterran Ltd announces that Voluntary Administrators have been appointed to oversee the affairs of its 100% owned subsidiary, Bloomer Constructions.

28/04/2017

Onterran Limited requests that the current voluntary suspension in respect of all of its securities quoted on the ASX be extended pending completion of the divestments of the Bloomer and McGrath subsidiaries and trading update. Onterran expects the voluntary suspension to last until Monday 22 May 2017.

10/04/2017

The company requests that the current voluntary suspension in respect of all of its securities quoted on the ASX be extended pending an announcement about the potential divestment of a subsidiary and trading update. Onterran expects the voluntary suspension to last until Monday 10 April 2017.

27/02/2017

Onterran Limited requests that the current voluntary suspension in respect of all of its securities quoted on the ASX be extended pending an announcement about the potential divestment of a subsidiary and trading update. The company expects the voluntary suspension to last until Monday 27 February 2017.

20/02/2017

The securities of Onterran Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

14/02/2017

we understand that on or about this date the company consolidated its shares 1 for 8

25/08/2016

The suspension of trading in the securities of Onterran Limited (the "Company") will be lifted immediately, following the release by the Company of an announcement.

12/07/2016

The company is please to make the following announcement about: the acquisition of certain assets at the Couran Cove Resort, South Stradbroke Island, QLD; the proposed issuance of redeemable convertible preference shares to fund the acquisitions; an EGM to be held on 15 August 2016 for shareholders to approve, among other things, the issuance of the RCPS and an 8 for 1 share consolidation; and a general business trading update.

12/07/2016

The securities of Onterran Limited (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

06/07/2016

name changed from Nomad Building Solutions Limited

08/12/2015
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    03/07/2015Heather GardnerOn market689,981$0.068$47,072
    16/09/2014David BottomleyOn market1,625,000$0.043$70,459
    16/09/2014Peter ConstableOn market1,500,000$0.043$65,067
    18/07/2014David BottomleyOn market625,000$0.038$23,510
    18/07/2014Peter ConstableOn market625,000$0.038$23,510

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Lachlan McIntoshExecutive Chairman03/10/2014
    David RosenblumDirector29/06/2017
    Paul FulloonDirector12/04/2018
    David BottomleyAlternate Director21/09/2012
    Oliver SchweizerCompany Secretary10/11/2014

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Pat McMahonCFO17/04/201512/06/2018
    Heather GardnerNon Exec Director10/11/201412/04/2018
    Wayne BloomerDirector, CEO04/05/201529/06/2017
    Peter ConstableNon Exec Chairman, Independent Director23/08/201221/12/2015
    David FranklynChairman10/01/201120/04/2015
    Andrew SturckeExecutive Director, CEO13/06/201107/11/2014
    Peter HoganNon Exec Director16/07/201230/11/2013
    Peter AberyNon Exec Chairman28/07/200828/11/2013
    David CochraneNon Exec Director27/09/201131/10/2012
    Michael FolwellNon Exec Director23/08/201223/10/2012
    David CraigNon Exec Director29/11/201031/07/2012
    Michael BourkeManaging Director19/07/201012/03/2012

    Date of first appointment, title may have changed.