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A.B.C. LEARNING CENTRES LIMITED (ABS)

Delisted from ASX 31/08/2009


SHARE PRICES

2009 2008 2007 2006 2005 2004 2003 2002 2001   ALL

Former (or subsequent) names


Shareholder links

Our website ranking of ABS: rating 5
(5 out of 5)  

REGISTRY:
Link Market Services, Level 15, 324 Queen Street Brisbane QLD 4000
Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details


Address: 43 Metroplex Avenue , MURARRIE , QLD, AUSTRALIA, 4172
Tel:  07 3906 2000 Fax: 07 3908 2516

Date first listed: 21/03/2001       Date delisted: 31/08/2009
Company Secretary: Mr Matthew Horton
Sector: Consumer Services Industry Group: 
Activities: Provides early childhood learning centres

News & Events

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The former chief financial officer of ABC Learning Centres Limited (ABC), James Black, appeared in the Brisbane Magistrates Court today charged with three counts of authorising false or misleading information. 10/05/2013
Austock Group Limited (ASX: ACK) has today received letters of demand from lawyers acting for the liquidators of ZYX Learning Centres Limited (Formerly ABC Learning Centres Limited) (In Liquidation) (Receivers and Managers Appointed) and a number of its subsidiaries (ABC). The letters of demand claim that certain payments made to subsidiaries of Austock during the 6 months prior to ABC going into voluntary administration on 6 November 2008 are recoverable by the liquidators as preference payments under sections 588FE and 588FF of the Corporations Act 200114/12/2010
creditors vote in favour of a resolution to liquidate the company - it will apparently be years before creditors will see any money02/06/2010
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued31/05/2010
reports that the receiver of ABC Learning says the collapsed firm's remaining childcare centres are set to be sold to a syndicate comprising not-for-profit welfare groups - Receiver Chris Honey on Wednesday named the GoodStart syndicate as the preferred purchaser after a bidding process - the syndicate includes Mission Australia, the Benevolent Society, Social Ventures Australia and the Brotherhood of St Laurence - the receivers have already closed 81 centres and sold 216 others, deemed to be "unviable", to 78 new owners09/12/2009
reports that chief executive Rowan Webb - who earns $1.6m a year - company secretary Matthew Horton and chief financial officer Peter Trimble each have been authorised to receive a $250,000 "retention bonus" on top of their hefty salaries - Mr Horton confirmed the payment, which he described as compensation for the executives' job insecurity pending the company's sale next month - "It's for working in a company where you're not guaranteed of a long-term job, I suppose - it's a private arrangement between me and the receivers."17/11/2009
union officials say in regard to the remaining childcare centres, "it's not appropriate for the big banks to decide behind closed doors who will control these centres merely because they are ABC Learning's major creditors"05/11/2009
reports that the administrators are investigating a $1 billion damages claim against the former directors of the company, including founder Eddy Groves, chairman Sallyanne Atkinson, and auditors Pitcher Partners - litigation funder IMF Australia will fund the company's administrators, to conduct a series of public examinations of the former ABC directors, their auditors, members of its banking syndicate and external consultants23/10/2009
reports that the receivers are expected to formally start the sale of the 715 viable centres as early as this week - final bids are now expected by December 5 this year and contracts should be exchanged later that month - completion of the sales contracts is expected by February, with the administrators then expected to hold a second creditors' meeting before the end of March31/08/2009
delisted following failure to pay listing fees31/08/2009
administrators have insufficient funds to pay listing fees and the company will therefore shortly delist from ASX28/08/2009
the period for convening of the 2nd meeting of creditors has been extended to 31 March 201025/08/2009
the UK arm of the company (Busy Bees) has been sold by the receivers for an undisclosed sum24/06/2009
the administrator Gregory Maloney of Ferrier and Hodgson advises shareholders and noteholders that the transfer of shares/notes cannot take place without their consent, neither are they in a position to make a declaration whereby security holders may claim a loss and it is not their intention to provide issuer sponsored holding statements or update the register of shareholders or noteholders (we note that administrators represent the interests of creditors and seem to be unaware of a tax ruling that allows for the crystallisation and claiming of a capital loss - deListed has since 2003/04 provided a solution to thousands of shareholders via its worthless shares facility, whereby losses can be written off and crystallised for tax purposes - over that period not one shareholder has advised that a capital loss claim has been rejected by the ATO!!)08/05/2009
Receivers advise developments with litigation the company is involved in the USA01/04/2009
convening of the second meeting of creditors has been extended by the Court to 30 September 200924/03/2009
shareholders have apparently received notification of the conversion of their holdings to issuer sponsored - we know this is confusing and we know that registries typically fail to explain why this has occurred - shareholders selling their shares to deListed to crystallise their capital loss should just provide the old HIN and the name/address of their broker20/03/2009
receivers outline a plan to keep many of the childcare centres going and "transitioning" the business out of receivership in 200910/12/2008
administrators advise that the second meeting of creditors need only be held by 31 March 200928/11/2008
ACCC discontinues proceedings against the company for breach of court enforceable undertakings11/11/2008
McGrathNicol, confirms that the majority of ABC child care centres will remain open in 2009 - they have also advised that a further 386 child care centres were the subject of `further review' and that an unknown portion of these centres may not stay open beyond 31 December 200811/11/2008
Peter Walker and Greg Moloney of Ferrier Hodgson are appointed as Voluntary Administrators - this never augurs well for shareholders but it will be a month or so before there is a clearer picture of the way forward - All Investor and Creditor enquiries should be directed to the Administrators office: Ferrier Hodgson Tel: 07 3831 4833 Fax: 07 3831 3862 E: abcenquiries@fh.com.au06/11/2008
the company's banking syndicate appoints Chris Honey, Murray Smith and John Cronin of McGrathNicol as receivers - All Investor and Creditor enquiries should be directed to the Administrators office: Ferrier Hodgson Tel: 07 3831 4833 Fax: 07 3831 3862 E: abcenquiries@fh.com.au06/11/2008
company confirms that it will not be in a position today to announce its full year financial results for the year ended 30 June 2008 - the company is working to conclude the final outstanding matters as soon as possible31/10/2008
the acquisition by A.B.C. Learning Centres Limited ("ABC") of the 123 Careers business has been reviewed by the ACCC and cleared today - notwithstanding the ACCC approval, ABC's new management team has decided not to proceed with the acquisition - ABC has terminated the contract for a variety of reasons including the failure of the parties to complete the conditions precedent24/10/2008
A.B.C. Learning Centres Limited ("ABC") has previously advised that 2008FY results would be released by the end of September in accordance with the Corporations Act. ABC anticipates that the results will now be released during October. The outstanding issues are consistent with previous announcements - Upon receipt of the final report from our auditors, and the release of the 2008 results, ABC expects to resume normal trading on the ASX30/09/2008
on 13 August 2008 A.B.C. Learning Centres Limited ("ABC") announced that it had agreed the principal terms for the sale of Busy Bees Childcare Vouchers Limited, its UK voucher business, for GBP90 million to Computershare Limited, the ASX listed provider of share registry and related services - the transaction successfully completed on 1 September (UK time)02/09/2008
company is not able to release its 2008 full year result - when it does it will ask ASX to reinstate its securities29/08/2008
the securities of A.B.C Learning Centres Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement regarding financial results for the financial year ended 30 June 200825/08/2008
the suspension of trading in the securities of A.B.C Learning Centres Limited (the "Company") will be lifted immediately, following receipt of an announcement in relation to a joint venture with Morgan Stanley Private Equity05/03/2008
securities of A.B.C Learning Centres Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement regarding indications of interest that the Company has received in relation to part of its business29/02/2008
shares reinstated to quotation01/05/2006
securities suspended from quotation as the company finalises a capital raising28/04/2006
shares reinstated to quotation08/12/2005
shares suspended from quotation pending an announcement about a capital raising07/12/2005
Company provides childcare services and education in Australia and New Zealand - it was first listed on 21 March 200121/03/2001

ASX Announcements (courtesy of ASX)


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Refer to liquidation of ABC Learning Centres (ABS), will the common stockholder receive the payment (if any)?02/05/2012 15:34:30

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Directors' share transactions (last 5)

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Purchases Sales



DATEDIRECTORNATURENUMBERPRICEAMOUNT
25/03/2008Martin KempOn market23,659$1.326$31,384
05/03/2008Edmund GrovesOn market1,216,530$2.139$2,602,150
05/03/2008Le Neve GrovesOn market6,000,000$2.210$13,260,000
05/03/2008Martin KempOn market2,734,806$2.025$5,537,160
25/02/2008David RyanOn market249,101$1.895$472,096

Directors & Executives (current)


NAMETITLEDATE OF APPT
David RyanChairman
Rowan WebbCEO
Peter TrimbleCFO
Colin AuNon Exec Director
Andrew HawkyardNon Exec Director
Frank FordNon Exec Director
Patrice DerringtonNon Exec Director
Paul BinstedNon Exec Director
Matthew HortonDirector, General Counsel

Directors & Executives (former)


NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION