A.C.N. 603 323 182 LIMITED (ASX.AXL)

company is deregistered today

is now called UNIVERSAL EQUIVALENT TECHNOLOGY LIMITED - strike off action in progress

company is now called UNIVERSAL EQUIVALENT TECHNOLOGY LIMITED and is no longer in administration

Deed Administrators report that "Creditors have previously been advised that the Deed Administrators had entered into an agreement to sell A.C.N. 603 323 182 Limited (the Company) to Equivalent Liberty Fintech Corporation (or its nominee) (ELFC) by way of an issue of shares to ELFC for a purchase price of $660,000. Under the terms of the deeds of company arrangement for the AXL Group, proceeds from the sale were to be paid into the Creditors' Trust for the benefit of creditors of the AXL Group. On 14 August 2020 the sale of the Company was completed and the deed of company arrangement was finalised. On that date control of the Company passed from the Deed Administrators to the new directors that had been approved by shareholders at an extraordinary general meeting on 7 August 2020. The Company has subsequently changed its name to Universal Equivalent Technology Limited."

we understand that on or about this date the company consolidated its shares 1 for 12

delisted from the commencement of trading on 2 March 2020 pursuant to Listing rule 17.12.

we understand this company (formerly AXSESSTODAY LIMITED) failed and ASX removed the company from listing because its securities have not been quoted for more than three years

ASX has advised that the Company will be delisted from ASX on Monday 2 March 2020. While ASIC extended the Company's deadline for lodgement of its outstanding financial accounts, ASX has advised that no extension will be granted under the ASX Listing Rules. ASX has also advised that all financial accounts would need to be provided on a "˜going concern' basis. Consequently, the Deed Administrators are unable to prepare and lodge the outstanding financial reports in a manner which would enable the Company to remain listed. Notwithstanding the Company's delisting on 2 March 2020, the Deed Administrators remain in ongoing discussions with ELFC regarding the proposed transaction set out in the 11 October 2019 announcement.

The administrators releases its report to shareholders and creditors.

name changed from Axsesstoday Limited

The company and the deed administrators have entered into an agreement with Equivalent Liberty Fintech for a proposed transaction pursuant to which control of the company will pass to ELFC or its nominee.

The company appointed Deloitte Financial Advisory partners Vaughan Strawbridge, Glen Kanevsky, and Sal Algeri as Joint and Several Administrators. On Friday 5 April 2019, the Senior Lenders advised the Group they were unable to continue to support the business with ongoing waivers of breaches of the terms of the finance documents resulting in the board resolving to appoint voluntary administrators. The Administrators have advised there will be a first meeting of creditors on Wednesday 17 April 2019.