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20 April 2025
| Name: | WATERMARK MARKET NEUTRAL FUND LIMITED (WMK) |
| Date of Listing: | 18 July 2013 |
| Date of Delisting: | 29 April 2019 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 April 2019.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 from the close of trading on Monday, 29 April 2019 pursuant to Listing rule 17.11. | 29/04/2019 |
we understand by way of a scheme of arrangement WMK was converted from a listed company to an unlisted trust with each WMK shareholder receiving $0.863 of Watermark Absolute Return Fund Units for each WMK share they held | 29/04/2019 |
The scheme of arrangement with its shareholders has been implemented today. As part of the scheme of arrangement each WMK shareholder will receive 0.863 of Watermark Absolute Return Fund Units for each WMK share they hold. | 23/04/2019 |
The company releases a letter to its shareholders regarding the scheme booklet which outlined the proposal to convert WMK from a listed company to an unlisted trust. At a scheme meeting held on the 8th of April, Shareholders approved the Scheme proposal. The Federal Court of Australia has subsequently approved the Scheme, which is now legally effective. The scheme is expected to be implemented on 23 April 2019. | 16/04/2019 |
The scheme of arrangement became legally effective on 11 April 2019. On 26 March 2019, the Company announced that the final NTA and Scheme Consideration had been calculated in accordance with the ASX Listing Rules and Australian Accounting Standards as $0.863 per WMK share. On 8 April 2019, WMK shareholders voted in favour of the scheme of arrangement and the capital reduction necssary to give effect to the scheme. The Federal Court of Australia made orders on 11 April 2019 approving the scheme, which is expected to be implemented on 23 April 2019. Upon implementation. Shareholders will be issued with 0.863 units in the Watermark Absolute Return Fund per WMK share and their WMK shares will be cancelled. | 12/04/2019 |
The securities of Watermark Market Neutral Fund Limited will be suspended from quotation at the close of trading today, Thursday, 11 April 2019, in accordance with Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement between WMK and its shareholders under which the Watermark Absolute Return Fund (the "˜Fund'), an unlisted unit trust, will acquire all of the assets of WMK in exchange for WMK's shareholders receiving units in the Fund. | 11/04/2019 |
listed entity carried for record purposes only | 18/07/2013 |
delisted from the close of trading on Monday, 29 April 2019 pursuant to Listing rule 17.11. | 29/04/2019 |
we understand by way of a scheme of arrangement WMK was converted from a listed company to an unlisted trust with each WMK shareholder receiving $0.863 of Watermark Absolute Return Fund Units for each WMK share they held | 29/04/2019 |
The scheme of arrangement with its shareholders has been implemented today. As part of the scheme of arrangement each WMK shareholder will receive 0.863 of Watermark Absolute Return Fund Units for each WMK share they hold. | 23/04/2019 |
The company releases a letter to its shareholders regarding the scheme booklet which outlined the proposal to convert WMK from a listed company to an unlisted trust. At a scheme meeting held on the 8th of April, Shareholders approved the Scheme proposal. The Federal Court of Australia has subsequently approved the Scheme, which is now legally effective. The scheme is expected to be implemented on 23 April 2019. | 16/04/2019 |
The scheme of arrangement became legally effective on 11 April 2019. On 26 March 2019, the Company announced that the final NTA and Scheme Consideration had been calculated in accordance with the ASX Listing Rules and Australian Accounting Standards as $0.863 per WMK share. On 8 April 2019, WMK shareholders voted in favour of the scheme of arrangement and the capital reduction necssary to give effect to the scheme. The Federal Court of Australia made orders on 11 April 2019 approving the scheme, which is expected to be implemented on 23 April 2019. Upon implementation. Shareholders will be issued with 0.863 units in the Watermark Absolute Return Fund per WMK share and their WMK shares will be cancelled. | 12/04/2019 |
The securities of Watermark Market Neutral Fund Limited will be suspended from quotation at the close of trading today, Thursday, 11 April 2019, in accordance with Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement between WMK and its shareholders under which the Watermark Absolute Return Fund (the "˜Fund'), an unlisted unit trust, will acquire all of the assets of WMK in exchange for WMK's shareholders receiving units in the Fund. | 11/04/2019 |
listed entity carried for record purposes only | 18/07/2013 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 10/04/2019 | John Abernethy | 30,000 | $0.855 | $25,650 | |
| 07/05/2018 | Justin Braitling | 20,000 | $0.840 | $16,800 | |
| 09/04/2018 | Justin Braitling | 35,757 | $0.840 | $30,036 | |
| 06/04/2018 | Justin Braitling | 63,523 | $0.847 | $53,772 | |
| 05/04/2018 | Justin Braitling | 50,000 | $0.850 | $42,500 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Justin Braitling | Director | 28/05/2013 |
| Timothy Bolger | Director, Company Secretary | 23/04/2019 |
| Daniel Broeren | Director | 23/04/2019 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Matthew Kidman | Chairman | 28/05/2013 | 23/04/2019 |
| Stephen van Eyk | Independent Director | 07/06/2013 | 23/04/2019 |
| John Abernethy | Independent Director | 07/06/2013 | 23/04/2019 |
| Robert Ferguson | Independent Director | 07/06/2013 | 23/04/2019 |
Date of first appointment, title may have changed.
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