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SUMATRA COPPER & GOLD PLC (ASX.SUM)

ASX Announcements (courtesy of ASX)

200920102011201220132014201520162017201820192020

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names

 

Shareholder links
Our website ranking of SUM: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000SUM8
Address: 25 Colin Street, West Perth, Western Australia 6005, Australia
Tel:  +61 8 9480 0620 Fax: +61 8 9321 0320

Date first listed: 26/10/2009

Sector: Materials
Industry Group: XMJ
Activities: The exploration and development of copper and gold projects on the Indonesian island of Sumatra

company is no longer in administration

01/11/2022

we believe the equivalent of an Australian loss declaration has been issued by the UK administrators and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2020/21 (the report by the administrators includes confirmation that there are not going to be any funds available for distribution, other than to the secured creditor against their security)

18/05/2021

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

Anthony Cork and Stephen Grant have been appointed as joint administrators. The affairs, business and property of the Company are being managed by the Joint Administrators, Stephen Grant and Anthony Cork, who act as agents of the Company and without personal liability. The Company finds itself at an insolvent position due to guarantees given to a secured lender group in respect of borrowings in subsidiary companies. The Joint Administrators will attempt to agree a restructuring of the liabilities of the company so that the company can be released from the existing debt guarantees to enable the company to relist on the ASX on a restructured basis.

30/04/2019

The board intends to appoint partners from Wilkins Kennedy Amersham as administrators.

11/04/2019

All facilities at Tembang remain on care and maintenance. The majority of the work force have been made redundant with a skeleton crew remaining. All contractors have demobilised from site and mobile assets are being stored within the plant site. There has been an increase in illegal mining activities, but that is expected to decrease once the individual mines flood. The Company continues to have discussions with its Lenders and stakeholders about restructuring options. An investment bank has been appointed to facilitate this process which is expected to take between 3 and 6 months. The company is requesting to remain in voluntary suspension until an announcement is made regarding the finalisation of the restructuring. The process is expected to take between 3 and 6 months.

21/09/2018

The company has suspended production and operations at its Tembang gold-silver operation located in southern Sumatra, Indonesia. The company also requests to remain in voluntary suspension until an announcement is made by the company regarding the finalisation of this restructuring programme which is expected to take at least two months.

13/08/2018

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

The company lodges its June 2018 Quarterly Activities Report.

01/08/2018

The company lodges its June 2018 Quarterly Cashflow Report.

01/08/2018

The company's securities will be suspended from official quotation.

27/07/2018

Sumatra Copper & Gold PLC will be reinstated to official quotation as from the commencement of trading on Friday, 20 April 2018 following lodgement of its full year accounts for the period ended 31 December 2017.

19/04/2018

The company releases its Appendix 4G and Corporate Governance Statement.

19/04/2018

The company lodges its 31 December 2017 Annual Financial Report.

19/04/2018

The company's securities will be suspended from official quotation from the commencement of trading today 3 April 2018 following failure to launch its Full Year Accounts for the period ended 31 December 2017.

03/04/2018

The suspension of trading in the securities of Sumatra Copper & Gold Plc will be lifted immediately following the release of an announcement.

27/01/2017

The company has received irrevocable and firm commitments to raise approximately A$3.46 million by way of placement of CHESS Depository Interests in the company to professional and sophisticated investors. The Company has also received irrevocable and firm applications for a total of 410,466,310 CDIs from debt providers and warrant holders to convert an outstanding redemption premium of approximately A$4.04 million to CDIs and as consideration for the termination of 250,597,351 warrants. The Company will also, by way of a Share Purchase Plan, provide an opportunity for eligible shareholders to acquire equity in the Company at the same issue price as the Initial Equity Raise up to a maximum of A$500,000.

27/01/2017

The securities of Sumatra Copper & Gold plc will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement regarding a capital raising and transactions related to the amended finance facility as announced on 23 December 2016.

25/01/2017

The suspension of trading in the securities of Sumatra Copper & Gold PLC will be lifted immediately following the release of an announcement concerning an equity placement of $5.1 million. ASX Code: SUM

26/03/2015

The securities of Sumatra Copper & Gold PLC (the "Company") will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement. Security Code: SUM

25/03/2015

The securities of Sumatra Copper & Gold PLC (the "Company") will be reinstated to official quotation immediately, following the release of announcements regarding mineral resource updates. Security Code: SUM

04/12/2013

The securities of Sumatra Copper & Gold PLC (the "Company") will be suspended from quotation immediately at the request of the Company, pending the release of an announcement. Security Code: SUM

03/12/2013

listed entity carried for record purposes only

26/10/2009
View ASX Announcements (courtesy of ASX)

 

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ASX, Legal & CGT Status

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the Company’s record at the Registrar of Companies (https://find-and-update.company-information.service.gov.uk/company/05777015/filing-history) includes confirmation of the Administration of the Company and the Administrators’ progress reports on the conduct of the Administration are also available there, which include confirmation that there are not going to be any funds available for distribution, other than to the secured creditor against their security.

Thank you

17/05/2021 14:34:33
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    28/10/2014Steve RobinsonOn market CDI70,000$0.041$2,870
    08/01/2014Adriansyah SjoekriOn market CDI27,500$0.076$2,104
    13/12/2013Steve RobinsonOn market220,000$0.066$14,410
    15/02/2013Jocelyn de Warrane WallerOn market CDI2,000,000$0.200$400,000
    23/10/2012Jocelyn de Warrane WallerOn market CDI785,937$0.160$125,750

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Jocelyn de Warrane WallerNon Exec Chairman12/05/2006
    Robert GregoryCEO01/07/2016
    Adriansyah SjoekriExecutive Director30/03/2011
    Susan HunterCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    David FowlerNon Exec Director, CFO08/07/201311/04/2019
    Gavin CaudleNon Exec Director26/09/201311/04/2019
    Andy RobbNon Exec Director01/12/201621/09/2018
    Steve RobinsonNon Exec Chairman08/07/201330/06/2017
    Don HarperCOO10/02/201201/07/2016
    Julian FordManaging Director, CEO01/05/201116/12/2014
    Graeme SmithCFO15/08/201201/10/2013
    Warwick MorrisNon Exec Director18/03/200801/10/2013
    Richard EdwardsCFO03/11/200915/08/2012
    Peter NightingaleNon Exec Director28/10/201015/08/2012
    Michael PriceNon Exec Director11/07/200731/01/2012

    Date of first appointment, title may have changed.