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INDUS COAL LIMITED (ICZ)

Delisted from ASX 16/10/2017

Former (or subsequent) names

 

Shareholder links

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

 

REGISTRY:
Security Transfer Australia Pty Ltd, 770 Canning Highway Applecross WA 6153
Tel : +61 3 9628 2200
Fax : +61 8 9315 2233
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: Level 1, 1251 Hay Street, WEST PERTH, WA, AUSTRALIA, 6005
Tel:  (08) 6555 3280 Fax: (08) 6555 3281

Date first listed: 13/03/2012
Company Secretary: Mark Clements
Sector: Energy Industry Group: XEJ
Activities: Coal exploration in Indonesia
delisted from the commencement of trading Monday, 16 October 2017 pursuant to Listing rule 17.12. 16/10/2017
we understand the company has been delisted because of failure to have its securities quoted for more than three years16/10/2017
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
Discussions are continuing with financing parties to create a pathway for the commencement of development at the Block 9 tenement. The board is also consulting withe existing debtholders to restructure their debt and recapitalise the company to deliver a mutually beneficial outcome for all stakeholders prior to the automatic removal of the company from the ASX official list on 23 September 2017.15/06/2017
BMC has received approaches from domestic and international offtake parties seeking long-term security of supply. The outcome of BMC's PLN submission in relation to the construction of a coal-fired steam power plant remains unresolved. The company's securities remain suspended at the request of the company pending the release of an announcement regarding the status of the potential development of Block 9 on or before 15 June 2017.15/03/2017
BMC (Indus 38%) is continuing to address the preconditions required by Indonesian state owned electricity utility Perusahaan Listrik Negara (PLN) in relation to the construction of a coal fired steam power plant (CFSPP) and fund raising alternatives to enable the potential development of the Company's coal assets and address outstanding debt. Securities remain suspended at the request of the Company pending the release of an announcement regarding a funding strategy and outcome of BMC's PLN submission on or before 15 March 2017. 15/12/2016
The company continues to remain focused on monetising the Jambi Coal Projects (Indus 38%) to deliver a positive outcome for all stakeholders. 21/10/2016
BMC (Indus 38%) is continuing to address the preconditions required by Perusahaan Listrik Negara in relation to the construction a coal fired steam power plant. Indus requires immediate additional working capital and is continuing to pursue fund raising alternatives to enable the potential development of the Company's coal assets and address outstanding debt.15/09/2016
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 22 August 2016 will have its securities suspended from official quotation before the commencement of trading on Tuesday 23 August 2016. The company has not paid its annual listing fees in respect of the year ending 30 June 2017 but the securities are already suspended from official quotation.23/08/2016
The company wishes to advise that BMC (Indus 38%) is continuing discussions with the Indonesian state owned electricity utility Perusahaan Listrik Negara (PLN) in relation to a revised submission to construct a coal fired steam power plant. Indus requires immediate additional working capital to meet the terms of a Deed of Settlement and Release relating to costs associated with the Company's corporate office of $55,000 which is due by 30 June 2016.15/06/2016
The board wishes to advise that BMC is continuing discussions with the Indonesian state owned electricity utility Perusahaan Listrik Negara in relation to a revised submission to construct a coal fired steam power plant. Also, whilst the debt restructure of the existing 2 bond issues has not yet completed, the Company was able to draw down $120,000 of a facility of up to $500,000 provided by clients of CPS Capital Group Pty Ltd to meet the immediate outstanding costs associated with the Company's corporate office.15/03/2016
The company wishes to advise that CPS Capital is progressing with the raising of up to A$500,000 by way of a debt drawdown facility. An update on Mine Mouth POwer Project on Block 9 is also provided. The company requires immediate additional working capital to meet the terms of a Deed of Settlement and Release relating to costs associated with the Company's corporate office of $175,000 of which $120,000 is due by 28 January 2016. 22/01/2016
The Board of Indus Coal Limited (ASX:ICZ) (Indus or Company) wishes to advise that it is continuing to negotiate details of the variation agreements to be entered into with financiers of its two existing bond issues18/12/2015
The Board of Indus Coal Limited (ASX:ICZ) (Indus or Company) wishes to advise that it expects to be in a position to provide shareholders with details of the variation agreements entered into with financiers of its two existing bond issues by 18 December 2015. 20/11/2015
The company will provide details of the variation agreements entered into with financiers of its two existing bond issues by 20 November 2015. The board has continued to pursue capital raising alternatives to meet the company's immediate working capital requirements. The company's securities remain suspending pending the release of an announcement. 30/10/2015
The Board of Indus Coal Limited (ASX:ICZ) (Indus or Company) wishes to advise that it expects to be in a position to provide shareholders with details of the variation agreements entered into with financiers of its two existing bond issues by 30 October 2015. The company's securities remain suspended.15/10/2015
The Board of Indus Coal Limited (ASX:ICZ) (Indus or Company) wishes to advise that it requires more time to finalise binding agreements with financiers to restructure the terms of its two existing bond issues. The Board wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding the debt restructuring and capital raising terms by 15 October 2015.15/09/2015
The Board of Indus Coal Limited (ASX:ICZ) (Indus or Company) wishes to advise that it has made significant progress with financiers to restructure the terms of its two existing bond issues and expects to be in a position to announce the finalization of this process shortly.01/09/2015
The following entity (Indus Coal Limited) has not paid their annual listing fees in respect of the year ending 30 June 2016 but the securities are already suspended from official quotation. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm AEST on Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015 25/08/2015
the Board wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalization of the restructuring of the terms of its 2 existing bond issues. The Company expects to conclude the restructuring of the terms of its 2 existing bond issues by Tuesday 1 September 2015.21/08/2015
The Board wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalization of the restructuring of the terms of its 2 existing bond issues. As a consequence of the entering by BMC into the MOU outlined, the Company expects to conclude the restructuring of the terms of its 2 existing bond issues by Friday 21 August 2015.31/07/2015
The company releases an amended competent person's statement regarding the JORC resource estimation.22/07/2015
The company releases a competent person's statement regarding the JORC resource estimation. The resource estimation was completed by Geologica Pty Ltd in conjunction with Global Mining Services Pty Ltd.22/07/2015
The highlights of the announcement are the following: a Memorandum of Understanding (MOU) was signed with a Tier 1 Chinese power plant engineering and construction company to develop a new mine mouth power plant on Block 9; the Tier 1 Chinese power plant engineering and construction company will finance the entire development cost of the power plant and mine; and capital raising. 21/07/2015
The company advises that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of refinancing terms with debt holders and a further secured loan for agreed working capital purposes as the Company completes a potential transaction with third parties to acquire or co-fund Block 9 of the Jambi Coal Projects.30/06/2015
The Board of Indus Coal Limited (Indus or the Company) wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of refinancing terms with debt holders and a further secured loan for agreed working capital purposes as the Company completes a potential transaction with third parties to acquire or co-fund Block 9 of the Jambi Coal Projects. The Board expects to be in a position to release an announcement with regard to these terms by 30 June 201520/05/2015
The Board of Indus Coal Limited (Indus or the Company) wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of refinancing terms with debt holders and a further secured loan for agreed working capital purposes as the Company completes a potential transaction with third parties to acquire or co-fund Block 9 of the Jambi Coal Projects. The Board expects to be in a position to release an announcement with regard to these terms by 20 May 201515/04/2015
The Board of Indus Coal Limited (Indus or the Company) wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement.15/04/2015
advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of refinancing terms with debt holders and a further secured loan for agreed working capital purposes as the Company completes a potential transaction with third parties to acquire or co-fund Block 9 of the Jambi Coal Projects. The Board expects to be in a position to release an announcement with regard to these terms by 15 April 201518/03/2015
The Board of Indus Coal Limited (Indus or the Company) wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of refinancing terms with debt holders and a further secured loan for agreed working capital purposes as the Company completes a potential transaction with third parties to acquire or co-fund Block 9 of the Jambi Coal Projects. The Board expects to be in a position to release an announcement with regard to these terms by 18 March 201524/02/2015
The Board advises shareholders that negotiations with groups interested in a potential transaction to acquire or co-fund Block 9 of the Jambi Coal Projects are subject to finalising an acceptable financing structure to meet the Company's existing obligations, including the Bridge Funding Facility and Secured Convertible Bonds. The Company's proposed refinancing terms are continuing to be considered by debt holders. The Board expects to be in a position to release an announcement with regard to these terms by 24 February 201530/01/2015
advises that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of discussions with existing financiers and third parties. The Board advises shareholders that negotiations with groups interested in a potential transaction to acquire or co-fund Block 9 of the Jambi Coal Projects are subject to finalising an acceptable financing structure to meet the Company's existing obligations, including the Bridge Funding Facility and Secured Convertible Bonds. The Company's proposed refinancing terms are being considered by debt holders15/12/2014
advises that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of discussions with existing financiers and third parties13/11/2014
The Board of Indus Coal Limited (Indus or the Company) wishes to advise that its securities remain suspended at the request of the Company pending the release of an announcement regarding finalisation of discussions with existing financiers and third parties.13/10/2014
The securities of Indus Coal Limited (the "Company") will be suspended from quotation immediately at the request of the Company pending the release of an announcement. Security Code: ICZ23/09/2014
The suspension of trading in the securities of Indus Coal Limited (the "Company") will be lifted immediately, following receipt of an announcement regarding a capital raising. Security Code: ICZ24/12/2012
The securities of Indus Coal Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement. Security Code: ICZ20/12/2012

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    18/07/2013Campbell BairdOn market150,000$0.152$22,747
    09/07/2013Ashish PatelOn market161,300$0.126$20,264
    28/03/2013John KennyOn market2,517,232$0.171$430,702

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Scott DouglasExecutive Chairman13/09/2011
    Vinay HarianiExecutive Director13/09/2011
    Nithan ThiruExecutive Director16/01/2016

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Ashish PatelExecutive Director13/09/201117/10/2016
    Jason PetersonExecutive Director16/01/201614/10/2016
    Campbell BairdExecutive Director17/07/201313/06/2014
    Lalit BalchandaniAlternate Director13/09/201112/05/2014
    John KennyExecutive Director13/09/201107/02/2014
    Andrew ParkerExecutive Director13/09/201101/03/2013
    Vishal BhatiaAlternate Director13/09/201101/03/2013

    Date of first appointment, title may have changed.