DECMIL GROUP LIMITED (ASX.DCG)

delisted at entity's request under Listing Rule 17.11

we understand Macmahon Holdings Limited acquired 100% of the issued ordinary shares for 30 cents cash per Decmil share and 34.3 cents cash per Decmil redeemable convertible preference share

Decmil Group Limited is pleased to announce the inter-conditional schemes of arrangement under which Macmahon Holdings Limited sought to acquire 100% of the issued ordinary shares and redeemable convertible preference shares in Decmil have today been implemented.

The securities of Decmil Group Limited will be suspended from quotation at the close of trading on Tuesday, 6 August 2024 under Listing Rule 17.2, following lodgement of the Supreme Court of Western Australia court orders with ASIC approving the scheme of arrangement by which Macmahon Holdings Limited will acquire all of the issued ordinary shares and redeemable convertible preference shares in DCG.

we understand that on or about this date the company consolidated its shares 1 for 10

The suspension of trading in the securities of Decmil Group Limited will be lifted from the commencement of trading on Tuesday, 2 June 2020, following the release by DCG of an announcement regarding a capital raising.

$30M of commitments received during the Institutional Entitlement Offer bookbuild. Retail Entitlement Offer component for $20M, partially underwritten.

The company expects the voluntary suspension to last until an announcement is made to the market by the open of trading on Tuesday 2 June 2020 in accordance with the capital raising timetable as approved by ASX.

The company issues a prospectus for a 4.2 for 1 accelerated non-renounceable Entitlement Offer of New Shares in the company at a price of $0.05 per New Share to raise up to approximately $50.2 million. Retail Entitlement Offer closes at 5.00 pm (AWST) on Wednesday, 17 June 2020.

The company releases an Equity Raising Presentation.

The company has launched a capital raising to strengthen the company's balance sheet and provide working capital to pursue profitable new contract opportunities. The equity raising is being undertaken by way of an accelerated pro rata non-renounceable entitlement offer on the basis of 4.2 new shares for every 1 existing share at an issue price of $0.05 per new share to raise up to approximately $50 million.

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

The suspension of trading in the securities of Decmil Group Limited will be lifted from the commencement of trading on Monday, 30 March 2020, following receipt of DCG's Appendix 4D and half-year report for the period ended 31 December 2019.

The company lodges its Half Year Results Presentation.

The company releases its FY20 interim results. Group revenue of $239 million (-13% PCP). Loss of $75 million, aggressive provisioning on disputed contracts. $65 million cash position at 31 December 2019. New government contract wins, total order book of ~$490 million to FY22. Update on coronavirus impact. Strategic review of all Decmil operations.

The company lodges its Half Year Accounts.

The company releases an Appendix 4D.

Decmil confirms that it believes it is entitled to all amounts claimed for its performance under the contract. Decmil also confirms that the dispute will move immediately to arbitration. However, as a matter of prudence, Decmil will make full provision in its accounts for moneys that remain unpaid under the contract, which total approximately $50 - $60 million. Decmil is confident in its position that it will recover what it is entitled to. Immediately referring the disputed items to arbitration is the best outcome for the business and the shareholders. Decmil is continuing to pursue its rights under the disputed solar farm contract with Sunraysia. If current negotiations to resolve the dispute are not successful, the dispute will move into arbitration. Decmil has appointed Vantage Performance and Moelis Australia to assist with managing the Company's debt position and develop options to strengthen the company's balance sheet position.

The company expects the voluntary suspension to last until an announcement is made to the market by the open of trading on Friday 3 rd April 2020. The announcmeent will be regarding the impact of the end of the Rapid Deployment Prison Project in New Zealand into Decmil's financial results for the half year ended 31 December 2019.

The securities of Decmil Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of DCG, pending the release of an announcement.

name changed from Paladio Group Limited