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12 September 2024
| Name: | DELTA SBD LIMITED (DSB) |
| Date of Listing: | 20 December 2010 |
| Date of Delisting: | 28 August 2017 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 28 August 2017.Legal Status:
ACN: 127 894 893
This entity was placed in liquidation on 21 August 2017.Capital Gains Tax (CGT) Status:
An administrator or liquidator has declared during tax year 2017-18 that they have reasonable grounds to believe there is no likelihood that shareholders will receive any further distribution for their securities. You are therefore entitled to crystallise a capital loss in that tax year. If you did not do so, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2017/18 | 30/08/2017 |
delisted from the close of trading on Monday 28 August 2017 pursuant to Listing Rule 17.15. | 28/08/2017 |
we understand the company failed and was delisted because it did not pay its annual ASX listing fee | 28/08/2017 |
Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately. | 22/08/2017 |
On 18 August 2017, the creditors resolved to wind up the companies within the group. The current administrators were appointed to act as joint and several liquidators. | 21/08/2017 |
The administrators report to creditors was issued to all creditors and employees of the group on 10 August 2017. | 11/08/2017 |
The admininstrators commenced a campaign to recapitalise and/or sell the business and assets of the group as a going concern. Negotiations with interested parties are ongoing. Sales negotiations are expected to be completed in the next few weeks. The administrators sought and have been granted an extension of time by the court to hold the second meeting of creditors of the group. It is anticipated that the second meeting of creditors will be convened within the next 4 weeks. | 28/06/2017 |
The administrators have today commenced an urgent sale process for the group and are inviting expressions of interests in the business, assets or recapitalisation of the group. Investment highlights include: ASX listed vehicle; a highly experienced and professional workforce who understand site expectations and requirements; Tier-1 and 2 mining clients; reputable and well-recognised brand; operations across NSW and Mackay, QLD; the business generated revenue of c.$70.4 million in FY16. | 07/06/2017 |
The securities of Delta SBD Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, following the Company's appointment of a Voluntary Administrator. | 01/06/2017 |
The Administrators will require the suspension of the company's securities to remain in place, whilst they undertake an urgent assessment of the business to identify steps that may be taken to stabilise the business. | 01/06/2017 |
John McInerney and Said Jahani were appointed joint and several administrators of the group on Wednesday, 31 May 2017. The administrators are undertaking an urgent assessment of the business to identify steps that may be taken to stabilise the business. The first meeting of creditors is scheduled for 13 June 2017. | 31/05/2017 |
listed entity carried for record purposes only | 20/12/2010 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2017/18 | 30/08/2017 |
delisted from the close of trading on Monday 28 August 2017 pursuant to Listing Rule 17.15. | 28/08/2017 |
we understand the company failed and was delisted because it did not pay its annual ASX listing fee | 28/08/2017 |
Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately. | 22/08/2017 |
On 18 August 2017, the creditors resolved to wind up the companies within the group. The current administrators were appointed to act as joint and several liquidators. | 21/08/2017 |
The administrators report to creditors was issued to all creditors and employees of the group on 10 August 2017. | 11/08/2017 |
The admininstrators commenced a campaign to recapitalise and/or sell the business and assets of the group as a going concern. Negotiations with interested parties are ongoing. Sales negotiations are expected to be completed in the next few weeks. The administrators sought and have been granted an extension of time by the court to hold the second meeting of creditors of the group. It is anticipated that the second meeting of creditors will be convened within the next 4 weeks. | 28/06/2017 |
The administrators have today commenced an urgent sale process for the group and are inviting expressions of interests in the business, assets or recapitalisation of the group. Investment highlights include: ASX listed vehicle; a highly experienced and professional workforce who understand site expectations and requirements; Tier-1 and 2 mining clients; reputable and well-recognised brand; operations across NSW and Mackay, QLD; the business generated revenue of c.$70.4 million in FY16. | 07/06/2017 |
The securities of Delta SBD Limited will be suspended from quotation immediately in accordance with Listing Rule 17.3, following the Company's appointment of a Voluntary Administrator. | 01/06/2017 |
The Administrators will require the suspension of the company's securities to remain in place, whilst they undertake an urgent assessment of the business to identify steps that may be taken to stabilise the business. | 01/06/2017 |
John McInerney and Said Jahani were appointed joint and several administrators of the group on Wednesday, 31 May 2017. The administrators are undertaking an urgent assessment of the business to identify steps that may be taken to stabilise the business. The first meeting of creditors is scheduled for 13 June 2017. | 31/05/2017 |
listed entity carried for record purposes only | 20/12/2010 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 21/09/2016 | Stephen Bizzaca | 903,400 | $0.195 | $176,163 | |
| 13/09/2016 | Stephen Bizzaca | 296,600 | $0.207 | $61,456 | |
| 04/09/2015 | Stephen Bizzaca | On market | 200,000 | $0.100 | $20,000 |
| 15/05/2013 | Stephen Bizzaca | On market | 52,605 | $0.570 | $29,985 |
| 09/05/2013 | Stephen Bizzaca | On market | 27,250 | $0.513 | $13,983 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Glyn Dawkins | Non Exec Chairman | 08/10/2007 |
| Neville McAlary | Managing Director, CEO | 04/04/2016 |
| Geoffrey Garside | CFO, Company Secretary | 05/05/2011 |
| Stephen Bizzaca | Non Exec Director | 08/10/2007 |
| Megan Etcell | Company Secretary | 09/04/2015 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Gordon Galt | Chairman | 08/10/2007 | 30/06/2016 |
| Anthony McFadden | CFO | 28/05/2010 | 05/05/2011 |
Date of first appointment, title may have changed.
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