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DELTA SBD LIMITED (DSB)

Delisted from ASX 28/08/2017

Former (or subsequent) names

 

Shareholder links

Our website ranking of DSB: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Boardroom Pty Ltd, Level 12, 225 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail

Company details

Address: Suite 220, Centric, 4 Hyde Parade, CAMPBELLTOWN, NSW, AUSTRALIA, 2560
Tel:  (02) 4629 0311 Fax: (02) 4629 0398

Date first listed: 20/12/2010
Company Secretary: Geoff Garside
Sector: Capital Goods Industry Group: XNJ
Activities: Provision of mining services to the underground coal industry
delisted from the close of trading on Monday 28 August 2017 pursuant to Listing Rule 17.15.28/08/2017
we understand the company failed and was delisted because it did not pay its annual ASX listing fee28/08/2017
Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately.22/08/2017
On 18 August 2017, the creditors resolved to wind up the companies within the group. The current administrators were appointed to act as joint and several liquidators.21/08/2017
The administrators report to creditors was issued to all creditors and employees of the group on 10 August 2017. 11/08/2017
The admininstrators commenced a campaign to recapitalise and/or sell the business and assets of the group as a going concern. Negotiations with interested parties are ongoing. Sales negotiations are expected to be completed in the next few weeks. The administrators sought and have been granted an extension of time by the court to hold the second meeting of creditors of the group. It is anticipated that the second meeting of creditors will be convened within the next 4 weeks.28/06/2017
The administrators have today commenced an urgent sale process for the group and are inviting expressions of interests in the business, assets or recapitalisation of the group. Investment highlights include: ASX listed vehicle; a highly experienced and professional workforce who understand site expectations and requirements; Tier-1 and 2 mining clients; reputable and well-recognised brand; operations across NSW and Mackay, QLD; the business generated revenue of c.$70.4 million in FY16.07/06/2017
The Administrators will require the suspension of the company's securities to remain in place, whilst they undertake an urgent assessment of the business to identify steps that may be taken to stabilise the business. 01/06/2017
The securities of Delta SBD Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, following the Company's appointment of a Voluntary Administrator.31/05/2017
John McInerney and Said Jahani were appointed joint and several administrators of the group on Wednesday, 31 May 2017. The administrators are undertaking an urgent assessment of the business to identify steps that may be taken to stabilise the business. The first meeting of creditors is scheduled for 13 June 2017.31/05/2017
listed entity carried for record purposes only20/12/2010

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    21/09/2016Stephen Bizzaca903,400$0.195$176,163
    13/09/2016Stephen Bizzaca296,600$0.207$61,456
    04/09/2015Stephen BizzacaOn market200,000$0.100$20,000
    15/05/2013Stephen BizzacaOn market52,605$0.570$29,985
    09/05/2013Stephen BizzacaOn market27,250$0.513$13,983

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Glyn DawkinsNon Exec Chairman08/10/2007
    Neville McAlaryManaging Director, CEO04/04/2016
    Geoffrey GarsideCFO05/05/2011
    Stephen BizzacaNon Exec Director08/10/2007
    Megan EtcellCompany Secretary09/04/2015

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Gordon GaltChairman08/10/200730/06/2016
    Anthony McFaddenCFO28/05/201005/05/2011

    Date of first appointment, title may have changed.