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18 January 2025
| Name: | PIVOTAL SYSTEMS CORPORATION INC. (PVS) |
| ISIN: | AU0000013468 |
| Date of Listing: | 02 July 2018 |
| Date of Delisting: | 21 November 2023 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 21 November 2023.Legal 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. We have not therefore verified the current legal status of this entity. If you have questions about your shareholding, as we say elsewhere, they may be taken up here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.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:
Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail
delisted at entity's request under Listing Rule 17.11 | 21/11/2023 |
we understand that in the merger with OmegaX, Pivotal shareholders and CDI holders on the register on the Record Date (being 7:00 pm Sydney time on 16 November 2023) were entitled to receive the Merger Consideration, being A$0.0001 per share/CDI in cash | 21/11/2023 |
The Company announces that the merger with OmegaX is now effective. Pivotal shareholders and CDI holders on the register on the Record Date (being 7:00 pm Sydney time on 16 November 2023) will be entitled to receive the Merger Consideration, being A$0.0001 per share/CDI in cash. The Merger Consideration will be paid promptly following Pivotal's removal from the official list of ASX. | 21/11/2023 |
The securities of Pivotal Systems Corporation will be suspended from quotation immediately under Listing Rule 17.2, at the request of PVS, pending its removal from the Official List of ASX, following PVS's announcement on 13 November 2023 that it has entered into a binding merger agreement to be acquired by OmegaX, Inc., a California corporation. | 14/11/2023 |
The suspension of trading in the securities of Pivotal Systems Corporation will be lifted immediately following the release by PVS of an announcement regarding the results of its Institutional Entitlement Offer. | 17/04/2023 |
The Company has successfully completed the institutional component of the 4 for 1 accelerated pro rata renounceable entitlement offer of new CHESS Depositary Interests in the Company at a price of A$0.008 per New CDI, to raise approximately up to A$5,100,000. Approximately A$3.78 million (US$2.53) of commitments were received during the Institutional Entitlement Offer for a total of 473.7 million New CDIs representing shares of common stock in the Company. The Institutional Offer is now closed. The Retail Entitlement Offer opens on Thursday, 20 April 2023 and closes on Tuesday, 2 May 2023. | 17/04/2023 |
The company releases a notification of cessation of securities. | 13/04/2023 |
The company releases a notice of application for quotation of securities. | 13/04/2023 |
The company releases a notice of proposed issue of securities. | 12/04/2023 |
The company releases an investor presentation on equity raising and business update. | 11/04/2023 |
The company releases a clensing notice in relation to the CHESS Depositary Interests issued under accelerated renounceable prorata entitlement offer. | 11/04/2023 |
The company releases a notice of proposed issue of securities. | 11/04/2023 |
Accelerated renounceable pro-rata entitlement offer to raise gross proceeds of up to approximately A$5.1 million (US$3.4 million1). New CDIs/Shares to be issued at A$0.008 per New CDI/Share, representing a 69.2% discount to the last closing price of A$0.026 on Friday, 31 March 2023 (AEDT), a 70.8% discount to the 5-day VWAP2 and a 33.3% discount to TERP3. The offer will comprise an accelerated Institutional Entitlement Offer and a Retail Entitlement Offer to eligible security holders. Proceeds from the equity raising will be used for working capital and general corporate purposes and to cover the costs of the offer. Major shareholder Anzu Partners has committed to take up its full pro-rata entitlement of A$0.9 million of securities and an additional A$0.58 million of shortfall and major shareholder Viburnum Funds has committed to take up a minimum of A$0.5 million. Certain Directors and senior management have also committed to take up their full pro rata entitlements. Board to be refreshed in conjunction with the Entitlement Offer. The Entitlement Offer is being joint lead managed by Foster Stockbroking and JP Equity. Pivotal has suspended de-listing plans from ASX indefinitely. The Company will host an investor conference call at 11.00am AEST (6.00pm PST) on 12 April 2023 with Mr. Kevin Hill, CEO and Mr. Ron Warrington, CFO. Details for the call are on page 5 of this announcement. | 11/04/2023 |
The securities of Pivotal Systems Corporation will remain suspended from quotation under Listing Rule 17.2, at the request of PVS, pending the release of an announcement regarding financing for the company. | 04/04/2023 |
The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 3 April 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 31 March 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed. | 03/04/2023 |
listed entity carried for record purposes only | 02/07/2018 |
delisted at entity's request under Listing Rule 17.11 | 21/11/2023 |
we understand that in the merger with OmegaX, Pivotal shareholders and CDI holders on the register on the Record Date (being 7:00 pm Sydney time on 16 November 2023) were entitled to receive the Merger Consideration, being A$0.0001 per share/CDI in cash | 21/11/2023 |
The Company announces that the merger with OmegaX is now effective. Pivotal shareholders and CDI holders on the register on the Record Date (being 7:00 pm Sydney time on 16 November 2023) will be entitled to receive the Merger Consideration, being A$0.0001 per share/CDI in cash. The Merger Consideration will be paid promptly following Pivotal's removal from the official list of ASX. | 21/11/2023 |
The securities of Pivotal Systems Corporation will be suspended from quotation immediately under Listing Rule 17.2, at the request of PVS, pending its removal from the Official List of ASX, following PVS's announcement on 13 November 2023 that it has entered into a binding merger agreement to be acquired by OmegaX, Inc., a California corporation. | 14/11/2023 |
The suspension of trading in the securities of Pivotal Systems Corporation will be lifted immediately following the release by PVS of an announcement regarding the results of its Institutional Entitlement Offer. | 17/04/2023 |
The Company has successfully completed the institutional component of the 4 for 1 accelerated pro rata renounceable entitlement offer of new CHESS Depositary Interests in the Company at a price of A$0.008 per New CDI, to raise approximately up to A$5,100,000. Approximately A$3.78 million (US$2.53) of commitments were received during the Institutional Entitlement Offer for a total of 473.7 million New CDIs representing shares of common stock in the Company. The Institutional Offer is now closed. The Retail Entitlement Offer opens on Thursday, 20 April 2023 and closes on Tuesday, 2 May 2023. | 17/04/2023 |
The company releases a notification of cessation of securities. | 13/04/2023 |
The company releases a notice of application for quotation of securities. | 13/04/2023 |
The company releases a notice of proposed issue of securities. | 12/04/2023 |
The company releases an investor presentation on equity raising and business update. | 11/04/2023 |
The company releases a clensing notice in relation to the CHESS Depositary Interests issued under accelerated renounceable prorata entitlement offer. | 11/04/2023 |
The company releases a notice of proposed issue of securities. | 11/04/2023 |
Accelerated renounceable pro-rata entitlement offer to raise gross proceeds of up to approximately A$5.1 million (US$3.4 million1). New CDIs/Shares to be issued at A$0.008 per New CDI/Share, representing a 69.2% discount to the last closing price of A$0.026 on Friday, 31 March 2023 (AEDT), a 70.8% discount to the 5-day VWAP2 and a 33.3% discount to TERP3. The offer will comprise an accelerated Institutional Entitlement Offer and a Retail Entitlement Offer to eligible security holders. Proceeds from the equity raising will be used for working capital and general corporate purposes and to cover the costs of the offer. Major shareholder Anzu Partners has committed to take up its full pro-rata entitlement of A$0.9 million of securities and an additional A$0.58 million of shortfall and major shareholder Viburnum Funds has committed to take up a minimum of A$0.5 million. Certain Directors and senior management have also committed to take up their full pro rata entitlements. Board to be refreshed in conjunction with the Entitlement Offer. The Entitlement Offer is being joint lead managed by Foster Stockbroking and JP Equity. Pivotal has suspended de-listing plans from ASX indefinitely. The Company will host an investor conference call at 11.00am AEST (6.00pm PST) on 12 April 2023 with Mr. Kevin Hill, CEO and Mr. Ron Warrington, CFO. Details for the call are on page 5 of this announcement. | 11/04/2023 |
The securities of Pivotal Systems Corporation will remain suspended from quotation under Listing Rule 17.2, at the request of PVS, pending the release of an announcement regarding financing for the company. | 04/04/2023 |
The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 3 April 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 31 March 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed. | 03/04/2023 |
listed entity carried for record purposes only | 02/07/2018 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 14/06/2022 | Peter McGregor | 100,000 | $0.215 | $21,500 | |
| 07/03/2022 | John Hoffman | 22,200 | $0.545 | $12,099 | |
| 06/11/2020 | John Hoffman | 40,000 | $0.800 | $32,000 | |
| 28/11/2018 | Kevin Landis | 55,749 | $1.799 | $100,316 | |
| 27/11/2018 | Kevin Landis | 150,000 | $1.720 | $258,000 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Joseph Monkowski | President, Executive Director | 02/07/2018 |
| Ronald Warrington | CFO | 30/08/2021 |
| Kevin Hill | Executive Director, CEO | 01/06/2022 |
| Kevin Landis | Director | 02/07/2018 |
| David Michael | Director | 02/07/2018 |
| Naomi Dolmatoff | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Jason Korman | Non Exec Director | 06/12/2021 | 13/06/2023 |
| Peter McGregor | Independent Director | 23/08/2018 | 10/04/2023 |
| Ryan Benton | Director | 02/07/2018 | 10/04/2023 |
| John Hoffman | Executive Chairman | 02/07/2018 | 31/12/2022 |
| Michael Bohm | CFO | 01/06/2021 | 20/08/2021 |
| Timothy Welch | CFO | 06/06/2019 | 01/06/2021 |
| Dennis Mahoney | CFO | 05/06/2020 | 29/05/2021 |
| Omesh Sharma | CFO | 02/07/2018 | 05/06/2020 |
Date of first appointment, title may have changed.
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