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COSTA GROUP HOLDINGS LIMITED (ASX.CGC)

ASX Announcements (courtesy of ASX)

2015201620172018201920202021202220232024

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names

 

Shareholder links
Our website ranking of CGC: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Link Market Services Limited Sydney
Level 12, 680 George Street Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000CGC2
Address: Level 5 818 Bourke Street Docklands, Victoria, 3008
Tel:  (03) 8363 9000

Date first listed: 24/07/2015

Sector: Food Beverage & Tobacco

delisted at entity's request under Listing Rule 17.11

27/02/2024

we understand that Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation acquired all of the ordinary shares in Costa, that they and their Associates did not already own, for $3.20 per share

27/02/2024

The scheme of arrangement under which Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation is acquiring all of the ordinary shares in Costa that the Consortium and its Associates do not already own has been implemented today. In addition, all of the ordinary shares in Costa held by Excluded Shareholders have been transferred to Bidco. Accordingly, all Costa shares have been transferred to Bidco.

26/02/2024

The securities of Costa Group Holdings Limited will be suspended from quotation at the close of trading on Thursday, 8 February 2024 under Listing Rule 17.2, following lodgement with ASIC of the Federal Court of Australia orders approving the scheme of arrangement by which Paine Schwartz Partners, LLC, Driscoll's, Inc and British Columbia Investment Management Corporation will acquire all of the issued shares in CGC the Consortium and its associates do not already own.

08/02/2024

The suspension of trading in the securities of Costa Group Holdings Limited will be lifted immediately, following the release by CGC of an announcement regarding the completion of CGC's institutional entitlement offer.

30/10/2019

The company has successfully completed the institutional component of its fully underwritten 1 for 4 pro rata accelerated renounceable entitlement offer with retail rights trading, raising approximately $87 million. The institutional shortfall bookbuild clearing price was $2.30 per new share, representing a $0.10 premium to the offer price of $2.20 per new share. Retail entitlement offer opens on 6 November 2019.

30/10/2019

The company releases an investor presentation - market update and equity raising.

28/10/2019

The company releases a cleansing notice in relation to the pro rata accelerated renounceable entitlement offer, with retail rights trading of 1 fully paid ordinary share in Costa for every 4 Costa ordinary shares held as at 7.00 pm (AEDT) on Thursday, 31 October 2019 by shareholders with a registered address in Australia, New Zealand and certain other jurisdictions in which Costa decides to extend the Entitlement Offer.

28/10/2019

Previously foreshadowed challenges facing the company have continued to crystallise. In addition, prolonged extreme dry and hot conditions are now impacting fruit sizing and yield in avocados, blueberries and the late season citrus crop."¢ CY19 guidance is reduced to EBITDA-SL of approximately $98 million and NPAT-SL of approximately $28 million, recognising the challenges of forecasting in the current environment. The Costa business model and strategy remain robust in order to deliver strong shareholder returns in the medium to long term. At this point in time based on current information, Costa expects CY20 EBITDA-SL to be approximately $150 million and NPAT-SL to be approximately in line with CY18 NPATSL (which was $56.6 million) prior to taking into account the impact of the equity raising. Concern over water security issues has led to a decision to pause the 10-hectare glasshouse expansion at Guyra. Costa has invested over $400 million in capex and M&A since its IPO in five expansion programs without any equity injection. Costa today announces that it is raising approximately $176 million through a fully underwritten1 accelerated renounceable pro-rata entitlement offer with retail rights trading. The equity raising will strengthen Costa's balance sheet and ensure that Costa has an appropriate capital structure in place to support the continuation of the company's growth strategy in light of recent trading and market conditions, and the prolonged impact of drought conditions.

28/10/2019

VTH announces CGC's voluntary suspension. VTH is monitoring the situation and will make further disclosure to the market in the event that VTH is in the receipt of any material information.

23/10/2019

The securities of Costa Group Holdings Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of CGC, pending the release of an announcement to the market in respect of its trading outlook.

23/10/2019

listed entity carried for record purposes only

24/07/2015
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    24/02/2022Peter Margin7,735$2.840$21,967
    02/12/2021Neil Chatfield10,000$2.760$27,600
    30/11/2021Sean Hallahan17,391$2.880$50,086
    30/11/2021Tim Goldsmith20,000$2.870$57,400
    03/11/2021Neil Chatfield10,000$2.940$29,400

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Wayne JohnstonCFO29/06/2020
    Neil ChatfieldIndependent Director09/10/2011
    Jane WilsonIndependent Director01/04/2019
    Peter MarginIndependent Director24/07/2015
    Janette KendallIndependent Director11/10/2016
    Tim GoldsmithIndependent Director01/09/2018
    David ThomasCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Harry DebneyNon Exec Director, Interim CEO07/01/201231/12/2023
    Sean HallahanManaging Director, CEO31/03/202126/09/2022
    Amin IkramCFO01/05/202029/06/2020
    Linda KowCFO01/05/2020
    Frank CostaNon Exec Director08/06/201104/07/2019
    Kevin SchwartzNon Exec Director07/10/201128/02/2019
    Tiffany FullerNon Exec Director01/10/201501/09/2018

    Date of first appointment, title may have changed.