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07 November 2024
| Name: | ROOTS SUSTAINABLE AGRICULTURAL TECHNOLOGIES LTD (ROO) |
| ISIN: | AU000000ROO9 |
| Date of Listing: | 07 December 2017 |
| Date of Delisting: | 29 August 2024 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2024.Legal Status:
ACN: 619 754 540ABN: 56 619 754 540
Registration Date: 07 July 2017
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.
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. | 30/08/2024 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2024 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025 | 29/08/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation. | 22/08/2024 |
The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date. | 10/07/2024 |
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 Company has received a 60 day stay-of-proceedings order in Israel to shield the Company from debtors while the Company attempts to restructure its financial obligations and operations. | 20/05/2024 |
The securities of Roots Sustainable Agriculture Technologies Ltd were suspended at ROO's request on 24 November 2023 pending the release of an announcement regarding a capital raising. ROO's securities will now continue to be suspended from quotation under Listing Rule 17.3. ROO's securities will continue to remain suspended until such time that ASX is satisfied with ROO's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for ROO's securities to be reinstated to quotation. | 17/05/2024 |
The company lodges its Quarterly Activities Report and Appendix 4C. | 30/01/2024 |
The voluntary suspension is requested to allow the Company to complete the capital raising that gave rise to the trading halt and it is therefore not yet in a position to make an announcement regarding the capital raising. The Company requests that the voluntary suspension continues until the earlier of commencement of trade on Thursday, 14 December 2023 or until the release of the Announcement. | 08/12/2023 |
The voluntary suspension is requested to allow the Company to complete the capital raising that gave rise to the trading halt and it is therefore not yet in a position to make an announcement regarding the capital raising. The Company requests that the voluntary suspension continues until the earlier of commencement of trade on Friday, 8 December 2023 or until the release of the Announcement. | 01/12/2023 |
The voluntary suspension is requested to allow the Company to complete the capital raising that gave rise to the trading halt and it is therefore not yet in a position to make an announcement regarding the capital raising. The Company requests that the voluntary suspension continues until the earlier of commencement of trade on Friday, 1 December 2023 or until the release of the Announcement. | 28/11/2023 |
The securities of Roots Sustainable Agricultural Technologies Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding a capital raising. | 24/11/2023 |
The suspension of trading in the securities of Roots Sustainable Agricultural Technologies Ltd will be lifted immediately following the release by ROO of an announcement regarding a capital raising. | 14/04/2023 |
The company releases a notice of proposed issue of securities. | 14/04/2023 |
The Company has received firm commitments to raise A$650,000 (before expenses), by way of a placement of 78,597,340 CDIs to sophisticated and professional investors. The Company received shareholder approval for a placement of CDIs to raise up to A$1,800,000 at a General Meeting held on 20 March 2023 and will use this approval to issue the Placement CDIs. Given the market conditions and the amount of debt converted to equity, the Company was comfortable with the A$650,000 raise and approximately A$620k of debt to equity conversions. | 14/04/2023 |
The Company requests the voluntary suspension remain in place until the Company makes an announcement regarding a capital raise, which it expects to make by Friday, 14th April 2023. | 13/04/2023 |
The Company requests the voluntary suspension remain in place until the Company makes an announcement regarding a capital raising, which it expects to make by Thursday, 13th April 2023. | 12/04/2023 |
The securities of Roots Sustainable Agricultural Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding a capital raising. | 06/04/2023 |
The following Options of Roots Sustainable Agricultural Technology Ltd will be suspended from quotation immediately under Listing Rule 17.3, pending its satisfaction of the quotation condition: ROOO. | 23/01/2023 |
The suspension of trading in the securities of Roots Sustainable Agricultural Technologies Ltd will be lifted immediately , following the release by ROO of an announcement regarding an US plant and hemp-based food venture. | 26/05/2021 |
Following discussions with, and extensive submissions to, ASX since 13th May 2021, ASX has now determined that it considers that the Potential Transaction would constitute a change in the nature of the Company's activities and the Company would be required under ASX Listing Rule 11.1.3 to recomply with the requirements of Chapters 1 and 2 of the Listing Rules before it may complete the Potential Transaction. Such compliance is expected to cause further transactional delays and significant costs, which will prevent the Company from being able to complete its other current business endeavours. The Company has, therefore, decided not to proceed with Potential Transaction. | 26/05/2021 |
The securities of Roots Sustainable Agricultural Technologies Ltd will be suspended from the commencement of trading on Monday, 17 May 2021 under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding an US plant and hemp-based food venture | 17/05/2021 |
The suspension of trading in the securities of Roots Sustainable Agricultural Technologies Ltd will be lifted immediately following the release by ROO of an announcement regarding a funding agreement. | 08/02/2019 |
The company has received a financing commitment by way of execution of a convertible securities agreement with CST Capital as trustee for The CST Investment Fund ), of up to AU$1.62 million (before costs) via the issue of convertible notes by the company. | 08/02/2019 |
The securities of Roots Sustainable Agricultural Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding a funding agreement. | 08/02/2019 |
listed entity carried for record purposes only | 07/12/2017 |
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. | 30/08/2024 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2024 |
we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2025 | 29/08/2024 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Wednesday, 21 August 2024 would have its securities suspended from Official Quotation before the commencement of trading on Thursday, 22 August 2024. The Company has failed to pay to ASX the annual listing fees for the year ending 30 June 2025, and each entity's securities are already suspended from quotation. | 22/08/2024 |
The securities of the company have been suspended for more than three months. If an entity does not meet the 1 or 2 year deadlines, it will be removed from the official list. The removal will usually take effect from the open of trading on the first trading day after the deadline date. | 10/07/2024 |
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 Company has received a 60 day stay-of-proceedings order in Israel to shield the Company from debtors while the Company attempts to restructure its financial obligations and operations. | 20/05/2024 |
The securities of Roots Sustainable Agriculture Technologies Ltd were suspended at ROO's request on 24 November 2023 pending the release of an announcement regarding a capital raising. ROO's securities will now continue to be suspended from quotation under Listing Rule 17.3. ROO's securities will continue to remain suspended until such time that ASX is satisfied with ROO's compliance with the Listing Rules, including Listing Rule 12.2 and that it is otherwise appropriate for ROO's securities to be reinstated to quotation. | 17/05/2024 |
The company lodges its Quarterly Activities Report and Appendix 4C. | 30/01/2024 |
The voluntary suspension is requested to allow the Company to complete the capital raising that gave rise to the trading halt and it is therefore not yet in a position to make an announcement regarding the capital raising. The Company requests that the voluntary suspension continues until the earlier of commencement of trade on Thursday, 14 December 2023 or until the release of the Announcement. | 08/12/2023 |
The voluntary suspension is requested to allow the Company to complete the capital raising that gave rise to the trading halt and it is therefore not yet in a position to make an announcement regarding the capital raising. The Company requests that the voluntary suspension continues until the earlier of commencement of trade on Friday, 8 December 2023 or until the release of the Announcement. | 01/12/2023 |
The voluntary suspension is requested to allow the Company to complete the capital raising that gave rise to the trading halt and it is therefore not yet in a position to make an announcement regarding the capital raising. The Company requests that the voluntary suspension continues until the earlier of commencement of trade on Friday, 1 December 2023 or until the release of the Announcement. | 28/11/2023 |
The securities of Roots Sustainable Agricultural Technologies Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding a capital raising. | 24/11/2023 |
The suspension of trading in the securities of Roots Sustainable Agricultural Technologies Ltd will be lifted immediately following the release by ROO of an announcement regarding a capital raising. | 14/04/2023 |
The company releases a notice of proposed issue of securities. | 14/04/2023 |
The Company has received firm commitments to raise A$650,000 (before expenses), by way of a placement of 78,597,340 CDIs to sophisticated and professional investors. The Company received shareholder approval for a placement of CDIs to raise up to A$1,800,000 at a General Meeting held on 20 March 2023 and will use this approval to issue the Placement CDIs. Given the market conditions and the amount of debt converted to equity, the Company was comfortable with the A$650,000 raise and approximately A$620k of debt to equity conversions. | 14/04/2023 |
The Company requests the voluntary suspension remain in place until the Company makes an announcement regarding a capital raise, which it expects to make by Friday, 14th April 2023. | 13/04/2023 |
The Company requests the voluntary suspension remain in place until the Company makes an announcement regarding a capital raising, which it expects to make by Thursday, 13th April 2023. | 12/04/2023 |
The securities of Roots Sustainable Agricultural Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding a capital raising. | 06/04/2023 |
The following Options of Roots Sustainable Agricultural Technology Ltd will be suspended from quotation immediately under Listing Rule 17.3, pending its satisfaction of the quotation condition: ROOO. | 23/01/2023 |
The suspension of trading in the securities of Roots Sustainable Agricultural Technologies Ltd will be lifted immediately , following the release by ROO of an announcement regarding an US plant and hemp-based food venture. | 26/05/2021 |
Following discussions with, and extensive submissions to, ASX since 13th May 2021, ASX has now determined that it considers that the Potential Transaction would constitute a change in the nature of the Company's activities and the Company would be required under ASX Listing Rule 11.1.3 to recomply with the requirements of Chapters 1 and 2 of the Listing Rules before it may complete the Potential Transaction. Such compliance is expected to cause further transactional delays and significant costs, which will prevent the Company from being able to complete its other current business endeavours. The Company has, therefore, decided not to proceed with Potential Transaction. | 26/05/2021 |
The securities of Roots Sustainable Agricultural Technologies Ltd will be suspended from the commencement of trading on Monday, 17 May 2021 under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding an US plant and hemp-based food venture | 17/05/2021 |
The suspension of trading in the securities of Roots Sustainable Agricultural Technologies Ltd will be lifted immediately following the release by ROO of an announcement regarding a funding agreement. | 08/02/2019 |
The company has received a financing commitment by way of execution of a convertible securities agreement with CST Capital as trustee for The CST Investment Fund ), of up to AU$1.62 million (before costs) via the issue of convertible notes by the company. | 08/02/2019 |
The securities of Roots Sustainable Agricultural Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of ROO, pending the release of an announcement regarding a funding agreement. | 08/02/2019 |
listed entity carried for record purposes only | 07/12/2017 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 25/06/2018 | Sharon Devir | 7,700 | $0.260 | $2,002 | |
| 12/06/2018 | Sharon Devir | 5,300 | $0.375 | $1,988 | |
| 04/06/2018 | Sharon Devir | 5,300 | $0.370 | $1,961 | |
| 28/05/2018 | Sharon Devir | 5,000 | $0.390 | $1,950 | |
| 22/05/2018 | Sharon Devir | 4,700 | $0.425 | $1,998 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Boaz Wachtel | CEO | 13/01/2020 |
| Graeme Smith | Non Exec Director | 07/12/2017 |
| Sharon Devir | Executive Director | 07/12/2017 |
| Henry Kinstlinger | Company Secretary | 20/05/2024 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Adam Blumenthal | Non Exec Chairman | 07/12/2017 | 18/12/2023 |
| Dafna Shalev-Flamm | Non Exec Director | 29/05/2018 | 18/12/2023 |
| James Ellingford | Non Exec Director | 24/02/2020 | 09/12/2022 |
| Peter Hatfull | Non Exec Director | 23/07/2020 | 01/08/2022 |
| Dror Nagel | Independent Director | 19/07/2019 | 12/02/2020 |
| Misch Vered | Non Exec Director | 07/12/2017 | 29/05/2018 |
Date of first appointment, title may have changed.
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