Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:
|
|
12 September 2024
| Name: | ALLEGIANCE COAL LIMITED (AHQ) |
| ISIN: | AU000000AHQ4 |
| Date of Listing: | 29 May 2012 |
| Date of Delisting: | 29 August 2023 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 August 2023.Legal Status:
ACN: 149 490 353ABN: 47 149 490 353
Registration Date: 13 April 2011
Capital Gains Tax (CGT) Status:
An administrator or liquidator has declared during tax year 2023-24 that they have reasonable grounds to believe there is no likelihood that shareholders will receive any further distribution for their securities. You are therefore entitled to crystallise a capital loss in that tax year. If you did not do so, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 8 November 2023) | 08/11/2023 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2023 |
we understand the entity failed to pay the annual listing fee | 29/08/2023 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation. | 22/08/2023 |
At the Second Meeting of Creditors held on 29 June 2023, creditors resolved that AHQ be wound up. | 30/06/2023 |
Shaun Fraser and Shane O'Keeffe have been appointed as joint and several Liquidators of AHQ. | 29/06/2023 |
Richard Tucker and David Osborne of KordaMentha were appointed as controllers of the assets of the Company on 9 March 2023. The Controllers were appointed by Collins St Convertible Notes Pty Ltd as trustee for the Collins St Convertible Notes Fund, pursuant to the Deed of Guaranty, Indemnity and Charge dated 24 May 2022. The Controllers act as agent of Collins St and not of the Company. The Controllers will commence a process to market the Company's 100% interest in Telkwa Coal Limited, the owner of the Telkwa Metallurgical Coal Project for sale and recapitalisation opportunities in the coming weeks. Telkwa is quarantined from the US Chapter 11 process and the Australian insolvency processes. Business is continuing as usual at Telkwa. | 16/03/2023 |
The administrators intend to rely on the relief set out in ASIC Corporations (ExternallyAdministered Bodies) Instrument 2015/251 which provides for the deferral of financial reporting obligations for a minimum period of 6 months from the date of appointment of the Administrators and up to a maximum period of 24 months from the date of appointment of the Administrators. | 15/03/2023 |
The First Meeting of Creditors of AHQ was held today, with an update on the administration process provided to creditors. Allegiance Coal USA Limited and three of its subsidiary entities filed for Chapter 11 protection in the US Bankruptcy Court for the District of Delaware (Court) on 21 February 2023. AUSA is a wholly owned subsidiary of Allegiance Coal Limited. The Court granted an interim order in substance sought by AUSA, namely that AUSA have access to cash collateral until 3 March 2023. The Interim Order was sought by AUSA so that it may, amongst other things, fund employee payroll expenses. The next Court hearing is anticipated to take place in the week commencing 20 March 2023. | 07/03/2023 |
Shaun Robert Fraser and Jason Craig Ireland of McGrathNicol were appointed Voluntary Administrators of Allegiance Coal Limited. | 22/02/2023 |
The securities of Allegiance Coal Limited will be suspended from quotation immediately under Listing Rule 17.3, following the appointment of Shaun Fraser and Jason Ireland of McGarthNicol as Voluntary Administrators of the Company. | 21/02/2023 |
The suspension of trading in the securities of Allegiance Coal Limited will be lifted immediately following the release by AHQ of an announcement regarding the outcome of the institutional component of the accelerated renounceable entitlement offer. | 07/10/2022 |
The Company has successfully completed the institutional component of its capital raising seeking to raise up to A$33.6 million in total. The Institutional Entitlement Offer raised approximately $15 million by the issue of approximately 300 million New Shares at $0.05 per New Share. The New Shares in the Company being issued under the Institutional Entitlement Offer are expected to be issued on 14 October 2022. The retail component of the Entitlement Offer will open on 13 October 2022 and is expected to close at 5:00pm (AEDT) on 24 October 2022. Eligible retail shareholders with an address in Australia and New Zealand will be invited to participate at the same offer ratio as the participants in the Institutional Entitlement Offer and will be able to subscribe for 8 New Shares for every 5 existing shares held on the Record Date, being 5.00pm (AEDT) on 7 October 2022. | 07/10/2022 |
The company releases a notice of proposed issue of securities. | 05/10/2022 |
The company releases a notice to its option holders regarding its accelerated renounceable entitlement offer. | 05/10/2022 |
The company releases a cleansing notice for an accelerated renounceable entitlement offer to raise up to approximately A$33.6 million. Eligible shareholders will be invited to subscribe for 8 new fully paid ordinary shares for every 5 existing shares in the company held at 5.00pm (AEDT) on 7 October 2022 at an issue price of A$0.05 per new share. | 05/10/2022 |
The company releases a notice of proposed issue of securities. | 05/10/2022 |
The company releases the Renounceable Issue - Investor Presentation. | 05/10/2022 |
8 for 5 accelerated pro-rata renounceable entitlement offer to raise up to approximately A$33.6 million (before costs). Petra Capital engaged as sole lead manager and bookrunner. Offer price of A$0.05 per share represents a 41.9% discount to the last closing share price of A$0.086 (as at 4 October 2022) and a 47.3% discount to the 5 day VWAP of A$0.095 (as at 4 October 2022). Proceeds of the capital raising to be applied towards equipment purchases and refurbishment at Black Warrior and New Elk mines, working capital and offer costs. | 05/10/2022 |
The company lodges the following: 2022 Annual Report and 2022 Appendix 4G Corporate Governance. | 04/10/2022 |
The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 3 October 2022, following their failure to lodge the relevant periodic report by the due date. | 03/10/2022 |
The suspension of trading in the securities of Allegiance Coal Limited will be lifted immediately following the release by the Company of an announcement regarding its Tenas Metallurgical Coal Project. | 03/07/2018 |
Following the completion of two pre-feasibility studies in 2017 and several months of discussions with key stakeholders, it has finalised the Project Description for its Tenas Metallurgical Coal Project. The Project Description will be lodged with the relevant government agencies in August 2018 to commence the permitting process. | 03/07/2018 |
The securities of Allegiance Coal Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding the Company's Tenas Metallurgical Coal Project. | 27/06/2018 |
we understand that on or about this date the company consolidated its shares 1 for 5 | 18/11/2016 |
listed entity carried for record purposes only | 29/05/2012 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 8 November 2023) | 08/11/2023 |
delisted for non-payment of annual listing fee under Listing Rule 17.15 | 29/08/2023 |
we understand the entity failed to pay the annual listing fee | 29/08/2023 |
Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation. | 22/08/2023 |
At the Second Meeting of Creditors held on 29 June 2023, creditors resolved that AHQ be wound up. | 30/06/2023 |
Shaun Fraser and Shane O'Keeffe have been appointed as joint and several Liquidators of AHQ. | 29/06/2023 |
Richard Tucker and David Osborne of KordaMentha were appointed as controllers of the assets of the Company on 9 March 2023. The Controllers were appointed by Collins St Convertible Notes Pty Ltd as trustee for the Collins St Convertible Notes Fund, pursuant to the Deed of Guaranty, Indemnity and Charge dated 24 May 2022. The Controllers act as agent of Collins St and not of the Company. The Controllers will commence a process to market the Company's 100% interest in Telkwa Coal Limited, the owner of the Telkwa Metallurgical Coal Project for sale and recapitalisation opportunities in the coming weeks. Telkwa is quarantined from the US Chapter 11 process and the Australian insolvency processes. Business is continuing as usual at Telkwa. | 16/03/2023 |
The administrators intend to rely on the relief set out in ASIC Corporations (ExternallyAdministered Bodies) Instrument 2015/251 which provides for the deferral of financial reporting obligations for a minimum period of 6 months from the date of appointment of the Administrators and up to a maximum period of 24 months from the date of appointment of the Administrators. | 15/03/2023 |
The First Meeting of Creditors of AHQ was held today, with an update on the administration process provided to creditors. Allegiance Coal USA Limited and three of its subsidiary entities filed for Chapter 11 protection in the US Bankruptcy Court for the District of Delaware (Court) on 21 February 2023. AUSA is a wholly owned subsidiary of Allegiance Coal Limited. The Court granted an interim order in substance sought by AUSA, namely that AUSA have access to cash collateral until 3 March 2023. The Interim Order was sought by AUSA so that it may, amongst other things, fund employee payroll expenses. The next Court hearing is anticipated to take place in the week commencing 20 March 2023. | 07/03/2023 |
Shaun Robert Fraser and Jason Craig Ireland of McGrathNicol were appointed Voluntary Administrators of Allegiance Coal Limited. | 22/02/2023 |
The securities of Allegiance Coal Limited will be suspended from quotation immediately under Listing Rule 17.3, following the appointment of Shaun Fraser and Jason Ireland of McGarthNicol as Voluntary Administrators of the Company. | 21/02/2023 |
The suspension of trading in the securities of Allegiance Coal Limited will be lifted immediately following the release by AHQ of an announcement regarding the outcome of the institutional component of the accelerated renounceable entitlement offer. | 07/10/2022 |
The Company has successfully completed the institutional component of its capital raising seeking to raise up to A$33.6 million in total. The Institutional Entitlement Offer raised approximately $15 million by the issue of approximately 300 million New Shares at $0.05 per New Share. The New Shares in the Company being issued under the Institutional Entitlement Offer are expected to be issued on 14 October 2022. The retail component of the Entitlement Offer will open on 13 October 2022 and is expected to close at 5:00pm (AEDT) on 24 October 2022. Eligible retail shareholders with an address in Australia and New Zealand will be invited to participate at the same offer ratio as the participants in the Institutional Entitlement Offer and will be able to subscribe for 8 New Shares for every 5 existing shares held on the Record Date, being 5.00pm (AEDT) on 7 October 2022. | 07/10/2022 |
The company releases a notice of proposed issue of securities. | 05/10/2022 |
The company releases a notice to its option holders regarding its accelerated renounceable entitlement offer. | 05/10/2022 |
The company releases a cleansing notice for an accelerated renounceable entitlement offer to raise up to approximately A$33.6 million. Eligible shareholders will be invited to subscribe for 8 new fully paid ordinary shares for every 5 existing shares in the company held at 5.00pm (AEDT) on 7 October 2022 at an issue price of A$0.05 per new share. | 05/10/2022 |
The company releases a notice of proposed issue of securities. | 05/10/2022 |
The company releases the Renounceable Issue - Investor Presentation. | 05/10/2022 |
8 for 5 accelerated pro-rata renounceable entitlement offer to raise up to approximately A$33.6 million (before costs). Petra Capital engaged as sole lead manager and bookrunner. Offer price of A$0.05 per share represents a 41.9% discount to the last closing share price of A$0.086 (as at 4 October 2022) and a 47.3% discount to the 5 day VWAP of A$0.095 (as at 4 October 2022). Proceeds of the capital raising to be applied towards equipment purchases and refurbishment at Black Warrior and New Elk mines, working capital and offer costs. | 05/10/2022 |
The company lodges the following: 2022 Annual Report and 2022 Appendix 4G Corporate Governance. | 04/10/2022 |
The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 3 October 2022, following their failure to lodge the relevant periodic report by the due date. | 03/10/2022 |
The suspension of trading in the securities of Allegiance Coal Limited will be lifted immediately following the release by the Company of an announcement regarding its Tenas Metallurgical Coal Project. | 03/07/2018 |
Following the completion of two pre-feasibility studies in 2017 and several months of discussions with key stakeholders, it has finalised the Project Description for its Tenas Metallurgical Coal Project. The Project Description will be lodged with the relevant government agencies in August 2018 to commence the permitting process. | 03/07/2018 |
The securities of Allegiance Coal Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding the Company's Tenas Metallurgical Coal Project. | 27/06/2018 |
we understand that on or about this date the company consolidated its shares 1 for 5 | 18/11/2016 |
listed entity carried for record purposes only | 29/05/2012 |
Your browser may reflect a date of printing in American format.
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 07/06/2022 | Mark Gray | 3,800,000 | $0.500 | $1,900,000 | |
| 16/12/2020 | Malcolm Carson | 87,568 | $0.050 | $4,400 | |
| 12/04/2019 | Mark Gray | 50,000 | $0.060 | $3,000 | |
| 15/02/2019 | Mark Gray | 208,502 | $0.050 | $10,408 | |
| 16/01/2019 | Mark Gray | 400,794 | $0.050 | $19,938 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Matthew Wall | Chairman | 23/02/2022 |
| Jonathan Reynolds | Finance Director | 11/08/2016 |
| Jonathan Romcke | Executive Director, CEO, Company Secretary | 03/05/2022 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Bernie Mason | Non Exec Director | 01/02/2021 | 20/02/2023 |
| Mark Gray | Executive Director | 29/05/2017 | 23/11/2022 |
| Paul Vining | Non Exec Chairman | 16/05/2022 | 06/07/2022 |
| Larry Cook | Director | 23/07/2019 | 06/06/2022 |
| Malcolm Carson | Director | 11/08/2016 | 14/02/2022 |
| David Fawcett | Non Exec Chairman | 09/12/2016 | 03/05/2019 |
| David Deitz | Non Exec Director | 13/04/2011 | 29/05/2017 |
| Anthony Howland-Rose | Chairman | 13/04/2011 | 25/08/2016 |
| Peter Donkin | Non Exec Director | 13/04/2011 | 25/08/2016 |
| Colin Randall | Managing Director, CEO | 13/04/2011 | 07/08/2015 |
Date of first appointment, title may have changed.
Contact Us | Financial Services Guide | Privacy Policy
This website is owned and operated by Investogain Pty Limited.
ABN 88 129 443 447 | AFSL 334036
Information provided is of a general nature and not for trading or advice.
Copyright © 2002-2024 Investogain Pty Limited. All rights reserved.
