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14 May 2024
| Name: | VIDELLI LIMITED (VID) | ||||||||||||
| Date of Listing: | 18 April 1991 | ||||||||||||
| Date of Delisting: | 30 June 2009 | ||||||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 30 June 2009.Legal Status:
Capital Gains Tax (CGT) Status:
This entity was deregistered on 25 July 2019. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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 |
|---|---|---|
| VIDELLI LIMITED | 11/03/2009 | |
| ERG LIMITED | 28/11/1994 | 11/03/2009 |
| ERG AUSTRALIA LIMITED | 18/02/1988 | 28/11/1994 |
| ENERGY RESEARCH GROUP AUSTRALIA LIMITED | 18/02/1988 |
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 deregistered today | 25/07/2019 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2017/18 | 22/02/2018 |
Brett Lord and Duncan Clubb of Ernst & Young appointed liquidators | 13/02/2018 |
Brett Lord and Duncan Clubb appointed administrators | 29/12/2017 |
company advises shareholders that resolutions for the cancellation of shares can't be considered at the meeting planned for 14 June (ASIC believes an Independent Experts Report is needed) and therefore there is not much point in attending the meeting | 19/06/2012 |
delisted following the company's decision to seek removal from listing | 30/06/2009 |
we understand the company said in relation to the delisting "although Videlli retains a minority shareholding interest in Vix ERG Group, its main activity is the defence and counterclaim against the NSW Government. It is for this reason, unless the company commenced the de-listing process, it is most likely that The Australian Securities Exchange will suspend the Company from trading indefinitely on the basis that it no longer carries on the business that it was originally listed for or a business that justifies continual listing. The significant decrease in the volume of Videlli shares traded on the ASX each day is further evidence that the benefits of being listed on the ASX are minimal for both the Company and its shareholders. The Company's removal from the official list of the ASX will remove its listing fees and significantly reduce its compliance and share registry costs and allow the Company to focus on the Tcard litigation" | 30/06/2009 |
securities suspended following the company's decision to seek removal from listing | 23/06/2009 |
securities reinstated to quotation on Monday 30 March 2009 | 27/03/2009 |
securities suspended pending clarification of the audit report | 18/03/2009 |
name changed from ERG Limited | 11/03/2009 |
company deregistered today | 25/07/2019 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2017/18 | 22/02/2018 |
Brett Lord and Duncan Clubb of Ernst & Young appointed liquidators | 13/02/2018 |
Brett Lord and Duncan Clubb appointed administrators | 29/12/2017 |
company advises shareholders that resolutions for the cancellation of shares can't be considered at the meeting planned for 14 June (ASIC believes an Independent Experts Report is needed) and therefore there is not much point in attending the meeting | 19/06/2012 |
delisted following the company's decision to seek removal from listing | 30/06/2009 |
we understand the company said in relation to the delisting "although Videlli retains a minority shareholding interest in Vix ERG Group, its main activity is the defence and counterclaim against the NSW Government. It is for this reason, unless the company commenced the de-listing process, it is most likely that The Australian Securities Exchange will suspend the Company from trading indefinitely on the basis that it no longer carries on the business that it was originally listed for or a business that justifies continual listing. The significant decrease in the volume of Videlli shares traded on the ASX each day is further evidence that the benefits of being listed on the ASX are minimal for both the Company and its shareholders. The Company's removal from the official list of the ASX will remove its listing fees and significantly reduce its compliance and share registry costs and allow the Company to focus on the Tcard litigation" | 30/06/2009 |
securities suspended following the company's decision to seek removal from listing | 23/06/2009 |
securities reinstated to quotation on Monday 30 March 2009 | 27/03/2009 |
securities suspended pending clarification of the audit report | 18/03/2009 |
name changed from ERG Limited | 11/03/2009 |
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EY has issued the letter regarding \"worthless shares\" on 22.2.18. So it can be written off in 2018 financial year. | 12/04/2019 11:53:42 |
i feel the same as the 10/9/2018. when can some respond and help us out? | 26/11/2018 14:24:35 |
I have still not received a capital loss for this worthless company. I want to rid myself of the shares that have disappeared from my etrade portfolio. Can we automatically claim ERG/Videlli as a capital loss given the fact they are worthless shares. Has anyone been able to do this .... and how? I also see plenty of questions on this site ... but never any answers??? | 10/09/2018 09:52:38 |
If ASIC could not bring this board to trial for fraud, then what hope has it got doing anything about the banks, as Shorten wants? | 09/08/2016 19:43:50 |
Vix Technology | 30/10/2015 10:08:17 |
This is a true dog of a Company. Maybe they think previous Share holders have forgotten, past practises . | 28/10/2015 18:52:56 |
?why has this company not been wound up. Paying salaries and fees for no end bebefit | 28/10/2015 16:59:29 |
| Does anybody know if Videlli deregistered now - I believe they lost their court case and there is nowhere else for them to go? This makes our shares worthless and we can now claim them as a Capital loss for p/e 30/6/2015????? | 18/02/2015 23:44:59 |
| If all of us go to the Annual meeting to directly and personally question the Directors, maybe something can come out of it. Or there must be a quorum of people demanding the action of terminating the company such that we all can claim capital losses. | 28/10/2014 20:52:42 |
| stop sending voting forms the forms are worth more than the shares. | 27/10/2014 15:54:46 |
| Is the Chairman, Colin Henson, related to the Muppet guy? Would make sense. A company run by puppeteers! | 22/08/2014 18:55:43 |
| PLEASE CANCEL THESE WORTHLESS SHARES SO WE CAN CLAIM THE CAPITAL LOSS!!!!!!!!!!!!!!!! | 22/08/2014 18:52:18 |
| Please liquidate this company a.s.a.p., so we can cash the tax loss. | 06/06/2014 00:59:05 |
Just realised that I can use this site to dispose of these shares and crystalize the loss. Thanks. Initially I was just googling to see what they were worth now that they were delisted and diluted so much. | 12/03/2014 11:07:27 |
| Yes I've received my one share for every 100. Now how do I sell them to realise the loss. | 12/03/2014 10:30:40 |
| Does anyone know if there was a 100 to 1 Capital Reconstruction? | 13/02/2014 10:27:52 |
| Could not agree more with the comment on 7/2/14. Where is the money coming from to run this company and how do you get to talk to a REAL person? | 12/02/2014 16:11:40 |
| the crooks are at it again!! | 10/02/2014 18:47:47 |
Duncan Saville would love to have the shares cancelled, then he would get the company for nothing. Who is paying for the cost of running the company and sending out all the correspondence? There must be some value in the company. | 07/02/2014 12:09:19 |
| How do we go about getting our shares transferred so we can at least claim the loss? | 15/10/2013 14:18:44 |
| I just think CEO gets pay, we get nothing | 25/09/2013 11:36:40 |
| So , what does that mean ? We;ve lost the dosh and that's the end - kaput or what ? | 17/09/2013 20:50:22 |
| Can anyone say when the now worthless shares will be cancelled? | 03/09/2013 13:39:04 |
| Any news on shareholder action here since the case was "dropped"? | 22/08/2013 09:50:52 |
| If shares now valueless why can't they be cancelled? | 13/06/2013 15:05:56 |
| Since Duncan Saville now reaping all the benefits how about buying out shareholders | 13/06/2013 13:44:07 |
| They shoot horses, don't they? Why not put this mob out of their misery? (Another frustrated shareholder) | 11/06/2013 14:01:14 |
| Why not relist and let shareholders decide what to do with there holdings? The company saving money for who? | 28/05/2013 08:34:26 |
| Looks like the shares will continue, but just not listed on the ASX. Company wants to save money. | 29/04/2013 15:28:25 |
| Don't blame ERG. The Tcard designed and set up by ERG in Hong Kong is a complete success. | 30/10/2012 15:52:23 |
| Is the company over? Can I claim the tax loss yet? Or is it going to continue to drag on?Thankyou for your time. | 09/10/2012 21:35:41 |
| I lost 50k, they taught me that buying shares is like going to the casino. | 26/09/2012 21:49:15 |
| This company ruined me and my future | 23/08/2012 13:15:02 |
| 18 May 2012Information Memorandum for Shareholder, Cancellation of Shares.Proposed Meeting date 14/June/2012 | 27/05/2012 16:42:35 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Colin Henson | Chairman, Non Exec Director | |
| Duncan Saville | Non Exec Director | |
| Michael Clarey | Non Exec Director | |
| James Caroll | Executive Director | |
| Steve Gallagher | Executive Director | |
| Glen Smith | Company Secretary |
Date of first appointment, title may have changed.
SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.
Date of first appointment, title may have changed.
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