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23 April 2025
| Name: | OVATO LIMITED (OVT) | ||||||||||||
| ISIN: | AU0000038911 | ||||||||||||
| Date of Listing: | 13 February 1992 | ||||||||||||
| Date of Delisting: | 29 August 2022 | ||||||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2022.Legal Status:
ACN: 050 148 644ABN: 39 050 148 644
Registration Date: 30 October 1990
Capital Gains Tax (CGT) Status:
This entity is in liquidation, its securities in our opinion, are of little or no value. Previously listed entities that enter external administration, rarely provide a distribution to shareholders unless the winding up is for reasons other than corporate failure. If you are still a holder of securities and seek to realise a capital loss for Capital Gains Tax (CGT) purposes you will need to wait until the liquidator has issued a declaration of loss (a CGT Event) or the entity is deregistered (a CGT Event) or the entity recovers. (Once an entity “progresses” to the liquidation stage, deListed is unable to acquire its 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.
| Company | FROM | TO |
|---|---|---|
| OVATO LIMITED | 12/02/2019 | |
| PMP LIMITED | 14/11/2000 | 12/02/2019 |
| PMP COMMUNICATIONS LIMITED | 07/11/1996 | 14/11/2000 |
| PACIFIC MAGAZINES AND PRINTING LIMITED | 07/11/1996 |
REGISTRY:
Computershare Adelaide
Level 5, 115 Grenfell Street, Adelaide SA 5000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail
A copy of the company's minutes documenting key decisions about the company's administration are lodged with ASIC. | 01/07/2024 |
The liquidator reports on their activities during the creditors' voluntary winding-up of the company. | 20/06/2024 |
Benjamin Campbell, Ross Blakeley, Chris Hill appointed liquidators | 21/03/2023 |
apparently adminstrators have sold the plant and machinery enabling secured creditors to be paid, but there remains a shortfall for unsecured creditors and staff (and of course shareholders!) | 13/10/2022 |
delisted following failure to pay the annual ASX listing fees per Listing Rule 17.15 | 29/08/2022 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023 | 29/08/2022 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Friday, 19 August 2022 would have its securities suspended from Official Quotation before the commencement of trading on Monday, 22 August 2022. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023, and each entity's securities are already suspended from quotation. 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 Friday, 26 August 2022 will be removed from the Official List with effect from the close of trading on Friday, 26 August 2022. | 22/08/2022 |
The voluntary administrators have entered into an implementation deed with IVE Group. The parties agree to progress good faith negotiations for the signing of an asset sale agreement pursuant to which IVE would acquire all or substantially all, or a material part or parts of, the business or assets of Ovato and its subsidiaries. Clearance from the ACCC will be required in order for the proposed transaction to proceed. | 10/08/2022 |
The Directors of Ovato Ltd have today appointed Chris Hill, Ross Blakeley, and Ben Campbell of FTI Consulting as Voluntary Administrators to the company, effective immediately. The Administrators have been advised that ongoing volatile market conditions, the increased cost of raw materials, and legacy cost issues have continued to impact Ovato, leading to the difficult decision to appoint Administrators. | 21/07/2022 |
The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.3, following the appointment of Chris Hill, Ross Blakeley, and Ben Campbell of FTI Consulting as Voluntary Administrators of OVT. | 20/07/2022 |
The suspension of trading in the securities of Ovato Limited will be lifted from the commencement of trading on Tuesday, 29 December 2020, following the release by OVT of an announcement regarding the Supreme Court of New South Wales approving the Creditors' and Members' Schemes of Arrangement and the completion of an entitlement offer. | 29/12/2020 |
The company releases an Appendix 2A. | 24/12/2020 |
The Court has this morning approved the implementation of the Schemes. The Schemes will become effective today. As a result of the court approval, all conditions to the underwriting and sub-underwriting of the entitlement offer, details of which were announced to the market on 1 December 2020 have now been satisfied or waived. Sub-underwriting of the Entitlement Offer has been provided by the Hannan Family and Are Media. Following the participation of eligible existing shareholders of the Company in taking up their entitlements under the Entitlement Offer, the demand received from new and existing investors in the shortfall bookbuild undertaken for the Entitlement Offer and final allocations to the SubUnderwriters, the Entitlement Offer has successfully raised $40.0m in gross proceeds. | 21/12/2020 |
All underwriting and sub-underwriting conditions precedent that relate to the various restructuring workstreams have now been either satisfied or waived by all of the underwriters and sub-underwriters of the entitlement offer, other than for the final approval by the court of the creditors' scheme and member's schemes. The Court hearing to approve the creditors' scheme and members' schemes is scheduled to occur on 18 December 2020. | 17/12/2020 |
Ovato has been in discussions with ASX in relation to the Entitlement Offer and, as part of those discussions, applied for and has been granted a waiver by ASX from Listing Rule 7.11.3 of the ASX Listing Rules. | 09/12/2020 |
The company releases a shareholder letter to its ineligible shareholders. | 09/12/2020 |
The company releases its Entitlement Offer Booklet. | 08/12/2020 |
The company releases a Revised Investor Presentation. | 08/12/2020 |
The creditors' and member's meetings have now been held. At all member's meetings the proposed resolutions were passed unanimously. The key suppliers and statutory creditors in attendance and voting at the creditors' meeting unanimously voted in favour of the creditors' scheme of arrangement. ASX has agreed to grant a waiver to the operation of the ASX Listing Rules. Ovato has agreed to a suspension of trading of its ordinary shares until 29 December 2020, being the date when new shares proposed to be issued under the Entitlement Offer are expected to commence trading. | 08/12/2020 |
The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OVT, pending the release of an announcement regarding the pro rata renounceable entitlement offer announced to ASX on 1 December 2020. | 04/12/2020 |
name changed from PMP LIMITED | 12/02/2019 |
A copy of the company's minutes documenting key decisions about the company's administration are lodged with ASIC. | 01/07/2024 |
The liquidator reports on their activities during the creditors' voluntary winding-up of the company. | 20/06/2024 |
Benjamin Campbell, Ross Blakeley, Chris Hill appointed liquidators | 21/03/2023 |
apparently adminstrators have sold the plant and machinery enabling secured creditors to be paid, but there remains a shortfall for unsecured creditors and staff (and of course shareholders!) | 13/10/2022 |
delisted following failure to pay the annual ASX listing fees per Listing Rule 17.15 | 29/08/2022 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023 | 29/08/2022 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Friday, 19 August 2022 would have its securities suspended from Official Quotation before the commencement of trading on Monday, 22 August 2022. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023, and each entity's securities are already suspended from quotation. 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 Friday, 26 August 2022 will be removed from the Official List with effect from the close of trading on Friday, 26 August 2022. | 22/08/2022 |
The voluntary administrators have entered into an implementation deed with IVE Group. The parties agree to progress good faith negotiations for the signing of an asset sale agreement pursuant to which IVE would acquire all or substantially all, or a material part or parts of, the business or assets of Ovato and its subsidiaries. Clearance from the ACCC will be required in order for the proposed transaction to proceed. | 10/08/2022 |
The Directors of Ovato Ltd have today appointed Chris Hill, Ross Blakeley, and Ben Campbell of FTI Consulting as Voluntary Administrators to the company, effective immediately. The Administrators have been advised that ongoing volatile market conditions, the increased cost of raw materials, and legacy cost issues have continued to impact Ovato, leading to the difficult decision to appoint Administrators. | 21/07/2022 |
The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.3, following the appointment of Chris Hill, Ross Blakeley, and Ben Campbell of FTI Consulting as Voluntary Administrators of OVT. | 20/07/2022 |
The suspension of trading in the securities of Ovato Limited will be lifted from the commencement of trading on Tuesday, 29 December 2020, following the release by OVT of an announcement regarding the Supreme Court of New South Wales approving the Creditors' and Members' Schemes of Arrangement and the completion of an entitlement offer. | 29/12/2020 |
The company releases an Appendix 2A. | 24/12/2020 |
The Court has this morning approved the implementation of the Schemes. The Schemes will become effective today. As a result of the court approval, all conditions to the underwriting and sub-underwriting of the entitlement offer, details of which were announced to the market on 1 December 2020 have now been satisfied or waived. Sub-underwriting of the Entitlement Offer has been provided by the Hannan Family and Are Media. Following the participation of eligible existing shareholders of the Company in taking up their entitlements under the Entitlement Offer, the demand received from new and existing investors in the shortfall bookbuild undertaken for the Entitlement Offer and final allocations to the SubUnderwriters, the Entitlement Offer has successfully raised $40.0m in gross proceeds. | 21/12/2020 |
All underwriting and sub-underwriting conditions precedent that relate to the various restructuring workstreams have now been either satisfied or waived by all of the underwriters and sub-underwriters of the entitlement offer, other than for the final approval by the court of the creditors' scheme and member's schemes. The Court hearing to approve the creditors' scheme and members' schemes is scheduled to occur on 18 December 2020. | 17/12/2020 |
Ovato has been in discussions with ASX in relation to the Entitlement Offer and, as part of those discussions, applied for and has been granted a waiver by ASX from Listing Rule 7.11.3 of the ASX Listing Rules. | 09/12/2020 |
The company releases a shareholder letter to its ineligible shareholders. | 09/12/2020 |
The company releases its Entitlement Offer Booklet. | 08/12/2020 |
The company releases a Revised Investor Presentation. | 08/12/2020 |
The creditors' and member's meetings have now been held. At all member's meetings the proposed resolutions were passed unanimously. The key suppliers and statutory creditors in attendance and voting at the creditors' meeting unanimously voted in favour of the creditors' scheme of arrangement. ASX has agreed to grant a waiver to the operation of the ASX Listing Rules. Ovato has agreed to a suspension of trading of its ordinary shares until 29 December 2020, being the date when new shares proposed to be issued under the Entitlement Offer are expected to commence trading. | 08/12/2020 |
The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OVT, pending the release of an announcement regarding the pro rata renounceable entitlement offer announced to ASX on 1 December 2020. | 04/12/2020 |
name changed from PMP LIMITED | 12/02/2019 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 25/03/2020 | Dhun Karai | 100,000 | $0.013 | $1,300 | |
| 23/03/2020 | Michael Hannan | 21,000,000 | $0.011 | $232,906 | |
| 20/03/2019 | Michael Hannan | 200,000 | $0.094 | $18,821 | |
| 07/03/2019 | Michael Hannan | 127,817 | $0.095 | $12,106 | |
| 03/03/2019 | Michael Hannan | 599,570 | $0.085 | $50,863 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Marcia Griffin | 16/02/1999 | |
| Michael Hannan | Chairman | 01/03/2017 |
| James Hannan | Managing Director, CEO | 04/06/2021 |
| John Nichols | COO | 01/01/2013 |
| Ian Jones | CFO | 01/12/2021 |
| Ian Fraser | Non Exec Director | 04/04/2003 |
| Andrew McMaster | Non Exec Director | 05/10/2018 |
| Alistair Clarkson | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Dhun Karai | Non Exec Director | 01/06/2016 | 14/07/2022 |
| Paul Young | Non Exec Director | 04/04/2022 | 20/06/2022 |
| Andrew Stedwell | CFO | 01/02/2021 | 30/11/2021 |
| Kevin Slaven | Managing Director, CEO | 01/12/2017 | 30/06/2021 |
| Geoffrey Stephenson | CFO | 31/05/2010 | 01/02/2021 |
| Matthew Bickford-Smith | Chairman | 20/07/2009 | 19/11/2019 |
| Terry Sinclair | Non Exec Director | 10/10/2017 | 19/11/2019 |
| Wai Tang | Non Exec Director | 10/10/2017 | 10/09/2019 |
| Stephen Anstice | Non Exec Director | 01/03/2017 | 01/05/2018 |
| Peter George | Managing Director, CEO | 24/04/2009 | 01/12/2017 |
| Anthony Cheong | Non Exec Director | 04/03/2014 | 30/09/2017 |
| Naseema Sparks | Non Exec Director | 17/08/2010 | 31/07/2017 |
| Peter Margin | Non Exec Director | 31/01/2012 | 24/08/2016 |
| Sik Goh | Non Exec Director | 17/08/2010 | 04/03/2014 |
| Richard Allely | Managing Director, CEO | 24/04/2009 | 19/10/2012 |
| Graham Reaney | Chairman, Non Exec Director | 13/09/2003 | 18/11/2011 |
| Ng Sia | Director | 29/11/2007 | 17/08/2010 |
| Brian Evans | Managing Director, CEO | 31/10/2005 | 28/01/2009 |
| James Donnelley | Non Exec Director | 03/06/1993 | 09/08/2007 |
| Don Morris | Non Exec Director | 04/06/1996 | 02/11/2006 |
| David Kirk | CEO | 04/03/2003 | 14/10/2005 |
| David Fraser | Non Exec Director | 01/08/2000 | 01/07/2003 |
| Robert Muscat | Executive Director, CEO | 12/10/1998 | 28/02/2003 |
| Peter Chegwyn | Non Exec Director | 16/10/2002 | |
| Kenneth Cowley | Chairman | 07/03/2001 |
Date of first appointment, title may have changed.
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