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Change of name

 

04 Sep 10

Many entities change their name and a large number of companies have had several changes of name. Generally the entity remains the same, it has just changed its name. Occasionally the change of name might occur as the result of a capital restructuring or a change of activities - but it is still the same entity.

NEW

deListed has endeavoured to pull all names for one company together so that shareholders can see the history of a company and its current status, all in one table. This is a major new feature of our website; coupled with the addition of ASX codes, it has required a very significant commitment of resources. Given the nature of queries we have had in the past, we believe shareholders will find this facility very useful.

To change its name a company must convene a meeting of members and pass a special resolution. At least 28 days notice must be given of a meeting of a listed company's members and the special resolution must be passed by at least 75% of the votes cast by members entitled to vote on the resolution.

The change of name takes effect when the Australian Securities and Investments Commission change the details of the company's registration . deListed processes a change of name only when ASX notifies the market of the change. Often ASX waits to receive all necessary documentation from the company before changing the name and the timing of the name change may also be affected by whether the company is suspended, undergoing a restructuring or seeking re-listing.

 
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