SEARCH BY NAME

BROWSE

Browse Australian delisted companies

0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Browse terminated Australian managed funds

0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
SEARCH BY CODE

Find any Australian or New Zealand company or fund (dead or alive) by using SEARCH above or go directly to the site:

CLIFFORD CORPORATION LIMITED (CCN)

Delisted from ASX 29/10/1999

SHARE PRICES

Former (or subsequent) names

Shareholder links

 

Company details

Address: 
Tel:  Fax: 

Company Secretary: 
Sector: 
Industry Group: 
Activities: 

company deregistered 14/07/2011

14/07/2011

John Barrie Loiterton, known as Barrie Loiterton, has been sentenced to three years in prison by the New South Wales Supreme Court following an ASIC investigation - Loiterton was jailed after pleading guilty to one charge of making a false or misleading announcement to the Australian Stock Exchange in late 1998 while a director of Clifford Corporation Ltd

13/09/2005

Ian Robert Hall is sentenced to two years and one month in prison, after pleading guilty to one charge of insider trading in late 1998 while a director of Clifford - Hall was ordered to serve a minimum of one year in prison

09/09/2005

the Court orders that John Barrie Loiterton be banned from managing a corporation for 17 years, pay a pecuniary penalty of $400,000, and pay a maximum of 70 per cent of ASIC's costs, Ian Robert Hall gets a 14 year ban, $285,000 and 60%, Ian Sapier gets an 8 year ban, $120,000 and 30% (also to pay compensation of $120,000 to Clifford Corporation Limited - in liquidation) and that Mr Peter Loiterton pay a maximum of 2 per cent of ASIC's costs, but declined to make any other orders against him (shareholders in this company will not have forgotten the circumstances in 1998 that led to their losses - it has taken six years and it is entirely debateable as to whether justice has finally been done)

30/09/2004

Ian Hall pleads guilty in the NSW Supreme Court to charges of falsifying books and insider trading and Barrie Loiterton to charges of making a false and misleading announcement to ASX

07/07/2004

we understand that with regard to the committal of Ian Hall on charges of insider trading, an arraignment is scheduled in the NSW Supreme Court on 6 February 2004

16/01/2004

we understand the hearing of the civil penalty action against Barrie Loiterton, Ian Hall, Ian Sapier and Peter Loiterton concluded on 9 December 2003 - ASIC is now awaiting judgement

16/01/2004

Ian Hall committed in relation to six charges of insider trading relating to the sale of 850,000 Clifford Corporation shares in October and November 1998

18/07/2003

case starts against Barrie Loiterton, Peter Loiterton, Ian Hall and Ian Sapier accused of misleading conduct to hike profits in the 1996-97 accounts - ASIC alleges profits that year mostly came from fictitious transactions and that Barrie Loiterton and Ian Hall sold shares knowing that the company had seriously overstated its profit position

18/03/2003

ASIC reports on suspension of auditor Paul Mervyn Meldrum after finding that he failed to adequately and properly carry out his duties as auditor of Clifford Corporation Limited and its controlled entities for the year ended 30 June 1997 (a mere six years after the failures!)

17/03/2003

Ian Robert Hall appears before Magistrate Quinn in the Downing Centre Local Court, on six charges of insider trading relating to the sale of 850,000 Clifford shares sold in October and November 1998 - the matter will come before the court again on 17 December 2002

22/10/2002

shareholders can realise their capital loss as a liquidators declaration has been issued (see 28/6/1999 below)

31/07/2002

liquidator confirms still a possibility of legal actions on behalf of creditors against directors and auditors

24/07/2002

John Barrie Loiterton and Ian Robert Hall appear in court on charges arising from ASIC investigation

25/06/2002

liquidator confirms that a variety of legal actions are still being considered

07/01/2002

ASIC commences civil penalty proceedings against Barrie Loiterton, Ian Hall, Ian Sapier and Peter Loiterton

04/09/2000

John Barrie Loiterton ordered to answer questions put by counsel on behalf of ASIC inspectors

20/07/2000

delisted due to failure to pay annual listing fee

29/10/1999

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued

28/06/1999

creditors resolve to put company into liquidation

23/03/1999

R Dean-Willcocks and J Star appointed joint liquidators

23/03/1999

administrators estimate losses of $100 million for year ended 30/6/98

11/01/1999

ASIC commences an investigation into the affairs of the company

08/12/1998

trading in company's shares suspended

11/11/1998

announces prelim final profit for year ended 30/6/98 of $5m - after abnormals a profit of $753,000

11/09/1998

enjoys largest share turnover for the year - 6.7 million shares traded at around 42

30/06/1998

directors forecast profit to be $10m for year ended 30 June 1998

02/06/1998

name changed from Clifford Minerals Limited

15/12/1994

ASX Announcements (courtesy of ASX)

 

Your comments

Please read our Terms before viewing comments.

 

Company Updates

Post your comments here

Please read our Terms before posting comments.
OMISSIONS
    You can post a comment here about this company

    Please click in the "I'm not a robot" box. If an image appears, enter the word/figures you see in the image.

    loading Posting your comments. Please wait...

    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.