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ASX, Legal & CGT Status


(updated at weekends)
Former (or subsequent) names
Shareholder links
Our website ranking of CLT: rating 3
(3 out of 5)


Link Market Services Brisbane
Level 21, 10 Eagle Street Brisbane QLD 4000
Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000CLT6
Address: Tenancy E1, 5 Grevillea Place Brisbane Airport Queensland 4008
Tel:  1300 235 563 Fax: (07) 3860 6566

Date first listed: 17/11/1999

Sector: Technology Hardware & Equipment
Industry Group: XIJ
Activities: Distributor of telecommunications, audio visual and information technology products in Australia and New Zealand

delisted at entity's request under Listing Rule 17.11


we understand Wentronic Holding GmbH acquired all of the shares in Cellnet not currently owned by Wentronic and its associates for cash consideration of 2.7 cents per share


The orders made on 10 August 2023 by the Federal Court of Australia approving the scheme of arrangement under which Wentronic Holding GmbH agreed to acquire all of the shares in Cellnet not currently owned by Wentronic and its associates for cash consideration of 2.7 cents per share; and its announcement made on 11 August 2023 confirming the Court Orders were lodged with Australian Securities and Investments Commission and, at which time, the Scheme became legally effective.


The securities of Cellnet Group Limited will be suspended from quotation at the close of trading on Friday, 11 August 2023 under Listing Rule 17.2, following lodgement of the Federal Court orders with ASIC approving the scheme of arrangement by which Wentronic Holding GmbH will acquire all of the issued shares in CLT.


The suspension of trading in the securities of Cellnet Group Limited will be lifted immediately following the release by CLT of an announcement regarding the results of an institutional entitlement offer.


The company successfully completed the institutional component of its 2.7 for 1 accelerated renounceable pro-rata entitlement offer to raise up to approximately $5.07 million. The Institutional Entitlement Offer raised a total of approximately $2.73 million through the issue of approximately 90.97 million new shares at $0.03 per new share to the company's majority shareholder, Wentronic Holding GmbH and its associates who took up their full entitlements. The Retail Entitlement Offer will open on Friday, 15 May 2020 and close on Friday, 29 May 2020.


The company has released a cleansing notice in relation to the accelerated renounceable pro-rata entitlement offer to raise approximately $5.07 million before offer costs.


Underwritten $5.07 million accelerated renounceable pro rata entitlement offer. Irrevocable undertaking from major shareholder to subscribe for its rights. All eligible directors and CEO intend to subscribe for their full rights. Westpac's $2.0 million short term loan to be extended beyond May for a period that reflects trading conditions and liquidity requirements. April revenue was $1.9 million higher than the amount expected at the start of April due to orders received in late April. Stronger April revenue has improved the Company's access to working capital funding through its trade finance facility.


The securities of Cellnet Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CLT, pending the release of an announcement regarding a capital raising.


we understand that on or about this date the company made a capital return of 9 cents per share


we understand that on or about this date the company demerged Mercury Mobility Limited by way of a 1.50662 for 1 distribution - the Demerged Entity represented 24.6% of the market value of the group as a whole immediately after the demerger


name changed from Cellnet Telecommunications Group Limited



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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    25/11/2021Tony Pearson572,109$0.070$40,048
    23/11/2021Tony Pearson727,979$0.071$51,395
    12/11/2021Tony Pearson1,400,000$0.059$82,600
    15/10/2021Tony Pearson774,912$0.063$48,819
    04/09/2020Tony Pearson500,000$0.040$20,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    Tony PearsonChairman, Independent Director08/10/2018
    Michael WendtDeputy Chairman16/01/2017
    Dave ClarkCEO16/06/2020
    Chris BarnesCFO09/03/2011
    Giles KarhanNon Exec Director09/06/2020
    Kevin GilmoreNon Exec Director16/01/2017
    Brian DanosDirector16/01/2017
    Christopher BarnesCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)
    Alan SparksCEO07/05/201416/06/2020
    Michael ReddieIndependent Director16/01/201703/05/2020
    Alexander BeardChairman15/12/200616/01/2017
    Mel BrookmanNon Exec Director04/06/199216/01/2017
    Elliott KaplanNon Exec Director25/07/201216/01/2017
    Stuart SmithExecutive Director, CEO28/10/200925/07/2012
    Stephen HarrisonManaging Director20/08/200731/07/2010
    Reg ClairsChairman01/07/200420/08/2007
    Mark BloomerManaging Director13/07/200520/08/2007
    Ian FraserNon Exec Director27/03/200620/08/2007
    Adam DavenportManaging Director01/06/200518/05/2007
    Jim GoldburgNon Exec Director29/01/200230/04/2007
    Darryl McDonoughNon Exec Chairman28/11/200207/06/2006
    Donald EasterNon Exec Director30/04/200403/09/2004
    Santo PappalardoNon Exec Director28/11/200211/04/2003
    Brian DavisChairman30/07/199928/11/2002
    Jonathan SheinNon Exec Director27/08/199921/12/2001

    Date of first appointment, title may have changed.