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BRIERTY LIMITED (BYL)

Delisted from ASX 16/02/2018

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Our website ranking of BYL: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Level 2, 45 St Georges Terrace, Perth WA 6000
Tel : +61 8 9323 2000 or 1300 557 010
Fax : +61 8 9323 2033
RegistryWebsite RegistryEmail

Company details

Address: 38 Mandarin Road, MADDINGTON, WA, AUSTRALIA, 6109
Tel:  08 9459 2855 Fax: 08 9459 8202

Date first listed: 07/12/2007
Company Secretary: Mark Davies
Sector: Capital Goods Industry Group: XNJ
Activities: Civil Construction
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 2017/1806/04/2018
delisted from the close of trading on Friday, 16 February 2018 pursuant to Listing rule 17.11. 16/02/2018
we understand the company delisted following its failure and subsequent administration and liquidation16/02/2018
On 7 February 2018, at the Second Meeting of Creditors, the creditors resolved to wind up BYL and Matthew Woods, Hayden White and Clint Joseph were appointed Joint and Several Liquidators. 09/02/2018
The administrators issued a report to creditors on 30 January 2018. In the report, the administrators express that in their opinion it is in the creditors' interests to wind up the Company. The second meeting of creditors of the Company will be held at the Parmelia Hilton, 14 Mill Street, Perth, WA on 7 February 2018 at 10:30am (AWST). 31/01/2018
The administrators will rely on the deferral relief with respect to the financila reporting of Brierty for a period of 6 months from the date of their appointment. Bellamack continues to trade and has no thad administrators appointed.10/10/2017
As ordered by the Supreme Court of Western Australia, the second meeting of creditors must be convened on or before 31 January 2018. 06/10/2017
Contract WTS2-C-CC-1001 between Hamersley Iron Pty. Limited and Brierty Limited dated 18 April 2014 has been terminated and the parties are working together to agree a mutually suitable outcome in relation to the hand-over of the works. Contract No. MA-01978-2016 Earthwork Services for Residue Disposal Area (RDA) Stage 10, 11 & 12 between Newmont Mining Services Pty Ltd and Brierty Limited dated 1 August 2016. Parties to the contract have agreed a conclusion and orderly hand-over of the works. 14/09/2017
Matthew Woods, Hayden White and Clint Joseph, each of KPMG, have been appointed as administrators to the company.06/09/2017
The securities of Brierty Limited will be suspended from official quotation immediately pursuant to listing rule 17.3, following the appointment of administrators.06/09/2017
The suspension of trading in the securities of Brierty Limited (the "Company") will be lifted immediately, following the release by the Company of an announcement regarding additional funding.23/06/2017
The company has signed a new banking facility with Bankwest, that will provide the Company with an improved capital structure to deliver on its turnaround strategy. Under the new facility, Brierty will receive an additional $6 million in funding and restructure its debt by establishing a new, long-term debt facility. 23/06/2017
The company's contract mining work at the Western Turner Syncline Stage 2 Project has been suspended and it has received a notice of default. Brierty is working with Rio Tinto to address safety concerns and structure a return to operations as soon as possible. Brierty has 14 days to respond to the notice of default. 21/06/2017
The company requests an extension of the suspension of its securities from the commencement of trading on 16 June 2017. Brierty Limited requests that the suspension remains in place until the earlier of a release of an announcement by Brierty Limited concerning additional funding or 8am (Perth time) on Friday 23 June 2017. 15/06/2017
The company requests an extension of the suspension of its securities from the commencement of trading on Friday 2 June 2017, whilst it progresses matters relating to securing additional funding. Brierty Limited requests that the suspension remains in place until the earlier of a release of an announcement by Brierty Limited concerning additional funding or 8am (Perth time) on Friday 16 June 2017. 01/06/2017
The company requests an extension of the suspension of its securities from the commencement of trading on Thursday, 18 May 2017, whilst it progresses matters relating to securing additional funding. Brierty Limited requests that the suspension remains in place until 8am (Perth time) on Friday 2 June 2017. 18/05/2017
The company requests an extension of the suspension of its securities from the commencement of trading on Thursday, 11 May 2017, whilst it progresses matters relating to securing additional funding. It is requested that the suspension remain in place until 8 am (Perth time) on Thursday 18 May 2017.10/05/2017
The company requests an extension of the suspension of its securities from the commencement of trading on Monday, 8 May 2017 whilst it progresses matters relating to securing additional funding. Brierty Limited requests that the suspension remains in place until 8 am (Perth time) on Thursday 11 May 2017.05/05/2017
The company requests an extension of the suspension of its securities from the commencement of trading on Friday 28 April 2017, whilst it progresses matters relating to securing additional funding. Brierty Limited requests that the suspension remains in place until 8am (Perth time) on Monday 8 May 2017.27/04/2017
The securities of Brierty Limited will be suspended from official quotation from the commencement of normal trading on Thursday, 20 April 2017 at the request of the Company, pending the release of an announcement. 19/04/2017
The suspension of trading in the securities of Brierty Limited will be lifted immediately, following receipt of an announcement regarding financial results. 31/08/2016
The company lodges its Preliminary Final Report.31/08/2016
The securities of Brierty Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.26/08/2016
listed entity carried for record purposes only07/12/2007

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    06/06/2014Richard O'ShannassyOn market26,402$0.395$10,429
    30/05/2014Ken HellstenOn market80,000$0.394$31,500
    30/05/2014Richard O'ShannassyOn market13,598$0.395$5,371
    28/06/2013Richard O'ShannassyOn market40,000$0.220$8,800
    05/09/2012Peter McBainOn market100,000$0.305$30,475

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Dalton GoodingNon Exec Chairman27/10/2007
    Ray BushnellManaging Director, CEO26/04/2016
    Jarrod SeymourCOO03/04/2017
    Richard O'ShannassyNon Exec Director26/09/2011

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Troy BuswellCFO26/04/201631/08/2017
    Ken HellstenNon Exec Director23/02/201022/06/2017
    Peter McBainManaging Director, CEO07/03/201122/07/2016
    Alan BriertyNon Exec Director21/12/200023/05/2016
    Ian SydneyCFO20/11/201126/04/2016
    Tony BevanCFO07/05/200826/07/2012

    Date of first appointment, title may have changed.