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ASX Announcements (courtesy of ASX)


ASX, Legal & CGT Status
Former (or subsequent) names
MERCURY BRANDS LIMITED07/07/200819/04/2010
Shareholder links
Our website ranking of CNC: rating 1
(1 out of 5)


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

Company details
Address: C/- PPB, Level 21, 181 William Street, MELBOURNE, VIC, AUSTRALIA, 3000
Tel:  03 9863 9557 Fax: 03 9863 9556

Date first listed: 05/10/1993

Sector: Retailing
Industry Group: XDJ
Activities: Apparel designer, importer and wholesaler

company deregistered


Strike-Off Action is in progress with this company


delisted following failure to pay annual listing fees in respect of the year ending 30 June 2013


liquidators say there will be no return to creditors or shareholders - they are considering the sale of the shell which may yield a small return


warren White advises of a potential of interest and will make an application to the court seeking the appointment of another liquidator


Warren White of PPB was appointed liquidator to wind the company up on 17 December 2010 - it has taken him more than six weeks to advise the market and shareholders


Pursuant to an announcement posted on the ASIC website the Company can confirm, post advice from its lawyers, that the 'wind up' notice has been withdrawn and duly satisfied. Further, it has been determined that CNC will not proceed with the 100% acquisition of 2up Holdings Pty Ltd, as per the announcement to the ASX on 22 July 2010 and have been advised, via correspondence from 2up holdings accordingly. It is the determination that the global fashion industry provides significant avenues for the Global Designer Brands Holdings business and the Priority One Rewards Business to utilize their respective assets to advance the future revenue and profit outcomes for Consolidated Capital Investments. A prospectus is currently being prepared, the information of which outlines the Company's prospective acquisitions all of which are subject to shareholders approval at the Company's forthcoming Annual General Meeting and will be available within the coming weeks


Consolidated Capital Investments Limited (CNC.ASX) has agreed with Centurion Securities & Investment Services Pty Ltd (‘CSI') to establish a joint venture arragement whereby CSI will allow CNC to utilise wholly owned CSI entity, Priority One Rewards Pty Ltd. Post discussions, both directors of CNC and CSI determined that the most appropriate way of utilising the Priority One Rewards asset was to form a collaboration whereby 51% of the business would be owned by CNC and the remaining 49% to be retained by CSI. Both parties agree that the cross utilisation of each others assets will enable Priority One Rewards to realise its inherent value providing significant returns for both parties. As such, and under the arrangement, CNC will not provide to CSI any compensation as a result of its involment in the joint venture. Whilst at its initial stages of operation The Board of CNC are attracted to the impressive structure of Priority One Rewards and as such will amalgamate all CNC controlled distribution platforms and operate these via the Priority One Rewards platform


releases half yearly report (to 31 December 2009)


announces that GDB has secured the "Playbo" Licence Agreement with Playboy Inc fulfilling a major condition precedent of its acquisition by CNC - as consideration for the acquisition of 80% of GDB the directors of CNC propose to issue 80,000,000 CNC fully paid ordinary shares at an issue price of $0.15 per share. The proposed issue of 80,000,000 CNC shares is subject to the approval of CNC's shareholders at a soon to be convened EGM


announces that it has entered into an agreement to acquire 19.9% of the issued capital in 2Up Holdings Pty Ltd (2UP). The acquisition was to be funded by the issue of 73,966,666 CNC shares


as certain of the conditions precedent to the Sofcom Sale Agreement (see below) were unlikely to be satisfied, CNC has reached agreement with the other shareholders of 2UP and Sofcom that will result in the following: • the termination of the initial agreement by CNC to acquire a shareholding of 19.9% in 2UP; • the termination of the Sofcom Sale Agreement; and • the entry by CNC into an agreement to acquire from the shareholders of 2UP all of the issued capital of 2UP in return for a base consideration comprising the issue of 187,000,000 CNC shares at A$0.15 per share. In addition, the 2UP shareholders may be issued up to a further 134,750,000 CNC shares at A$0.20 per share as deferred consideration on an earn?out basis, subject to the achievement by the 2UP business of certain agreed targets over the period to 31 December 2012


enters into an agreement (Sofcom Sale Agreement) together with the other shareholder of 2UP to sell 100% of the issued capital in 2UP to Sofcom Limited (ASX:SOF)


name changed from Mercury Brands Limited

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Futhermore the liquidator for CNC/CCI is Warren White of PPB. The contact number for Warren is  03 98639557. One of the Directors at the time of the companies was called John Adicho and his contact no is the same as Warren's.  Please advise urgently.

17/11/2013 21:38:53
I have shares in CNC what is happening with this? 19:19:58
I am another shareholder of Mercury Brands (3,500) shares, what is happening regarding the liability of Consolidated Capital Investments Ltd.01/11/2013 14:46:07
I hold 15000 shares in Mercury Brands Ltd and have not been able to obtain any information since the takeover by Consolidated Capital investments Ltd. Can you help.Email 09:13:30
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    Directors' on-market share transactions (last 5)


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    Directors & Executives (current)
    Wayne SharpeChairman
    John AdichoNon Exec Director22/02/2010
    Sam Di-GiacomoNon Exec Director
    Peter StaffordExecutive Director07/12/2009
    Justyn StedwellCompany 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)

    Date of first appointment, title may have changed.