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name changed to Wave Capital Limited
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05/09/2003
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company despatches Notice of Meeting to shareholders seeking their approval to aspects of the recapitalisation of the company including approval for the issue of new shares under a prospectus (also issued) and a change of name to Wave Capital Limited
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29/07/2003
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a liquidators declaration has not been issued and shareholders are therefore unable to claim their capital loss - crystallisation of any loss will be possible if and when the shares are requoted on the market or can otherwise be sold
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07/07/2003
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settlement of sale of shell transaction occurred today, DOCA wholly effectuated and control of the company passes to the directors nominated by the clients of Fearis Salter Power Shervington, a legal firm based in Perth - in due course shareholders should hear from their new directors
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07/07/2003
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sale of shell process still underway - deed administrator is hopeful this will be achieved over the next fortnight
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05/05/2003
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creditors resolve that the Deed of Company Arrangement be varied so that convertible notes are not extinguished on termination of the Deed - this is necessary to enable the Deed Administrators to complete the terms of the Agreement with JD Shervington (with regard to the offer for the listed shell - the other terms were payment of a non-refundable amount of $50,000 and payment of all re-listing fees)
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10/01/2003
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creditors resolved to allow the company to remain subject to a Deed to enable the Deed Administrators to give effect to the offer for the listed shell from JD Shervington dated 14 October 2002 (this will also need shareholder approval for the change in business and associated dilution of existing shareholdings)
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16/10/2002
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deed administrator advises sale of listed shell to O'Callaghan & Co Pty Ltd on behalf of one of their clients, will not proceed
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10/07/2002
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deed administrator advises he has accepted an offer from O'Callaghan & Co Pty Ltd on behalf of one of their clients, to restructure, re- capitalise, and re-quote the listed shell - the main terms of the offer include a cash payment of up to $350,000
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10/04/2002
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deed administrator advises he has received further offers to buy the listed shell
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28/03/2002
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deed administrator advises sale of listed shell to Verona will not proceed
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08/03/2002
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the businesses of the company (operated by the subsidiaries of the group) divested through separate Deeds of Company Arrangement (settlement effected 23/7/01)
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23/07/2001
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deed administrator advises that he has accepted a conditional offer from Verona Capital Pty Ltd to purchase the listed shell of Waivcom for $500,000
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27/06/2001
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administrators confirm that following meetings of creditors the company continues to operate under a Deed of Company Administration, the operating companies are being sold to Nick Dower and offers have been received for the listed company shell
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20/06/2001
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administrators confirm the businesses are continuing to operate and they are pursuing a sale process of the businesses as a going concern
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24/04/2001
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N Brooke and D McEvoy of PricewaterhouseCoopers appointed voluntary administrators of the company and its wholly owned subsidiaries
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21/03/2001
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securities suspended following failure by the company to lodge documents (Appendix 4) with ASX
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19/03/2001
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shares suspended
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19/03/2001
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name changed from Waiviata International Limited
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08/03/2000
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