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MCM ENTERTAINMENT GROUP LIMITED (MEG)

Delisted from ASX 07/01/2013

SHARE PRICES

Former (or subsequent) names

 

Shareholder links

Our website ranking of MEG: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 3 9415 4000 or 1300 850 505
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: w
Address: Level 4, 21-31 Goodwood Street, RICHMOND, VIC, AUSTRALIA, 3121
Tel:  61 3 9635 6600 Fax: 61 3 9635 6611

Date first listed: 19/12/2007
Company Secretary: Mr Andrew Metcalfe
Sector: Media Industry Group: XDJ
Activities: Media content, production and distribution to radio, television and online.
delisted following shareholder approval at the company's Annual General Meeting held on 30 November 201207/01/2013
we understand the company put in place a small shareholder sale facility on 25 October 2012 whereby for parcels of less than $500 each shareholder received an amount equal to the total proceeds from all shares sold under the Small Shareholder Sale Facility, divided by the total number of shares sold under the Small Shareholder Sale Facility - there was also a selective buy back of other shares where the price was to be between 5 and 6 cents - only about a million shares were thus bought back - factors behind the delisting included: (a) A disproportionate impact on share price: As only a small number of MEG" shares are being traded, this has on occasion had a disproportionate impact on the share price and has created considerable volatility; (b) Listing and related costs: maintain a stock exchange listing adds significant direct costs to the Company" business. In addition, there are indirect costs associated with the need to devote management time attending to matters relating to the listing which could be directed elsewhere; (c) Lack of liquidity: As a result of a lack of liquidity, there has been minimal trading in the Company" Shares on the ASX; and (d) The need for future capital raising: The Company has no proposals to raise further capital on the ASX.07/01/2013
The securities of MCM Entertainment Group Limited (the "Company") will be suspended from quotation from the close of trading today, 28 December 2012, at the request of the Company and following shareholder approval obtained on 30 November 2012 for the Company" removal from the official list of ASX Limited ("ASX"). The Company will be removed from the official list of ASX following the close of trading on Monday 7 January 2013, under listing rule 17.11. Security Code: MEG28/12/2012
listed entity carried for record purposes only19/12/2007

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    21/12/2012Simon JoyceOn market176,605$0.050$8,830
    20/12/2012Simon JoyceOn market28,900$0.050$1,445
    08/10/2012Andrew DarbyshireOn market10,000$0.050$500
    21/09/2012Andrew DarbyshireOn market7,000$0.056$392

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Philip JacobsenNon Exec Chairman, Independent Director17/10/2011
    Simon JoyceCEO, Executive Director01/07/2011
    Michael GudinskiNon Exec Director18/10/2011
    Tony McGinnExecutive Director10/08/1983
    Andrew DarbyshireDirector17/08/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.