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HAPPY VALLEY NUTRITION LIMITED (ASX.HVM)

ASX Announcements (courtesy of ASX)

2020202120222023

ASX, Legal & CGT Status

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Former (or subsequent) names

 

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Our website ranking of HVM: rating 5
(5 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: NZHVME0009S4
Address: 96 St Georges Bay Road Parnell, Auckland 1052 New Zealand
Tel:  +64 9 972 1415 Fax: +64 9 972 1415

Date first listed: 23/01/2020

Activities: Development of a vertically integrated nutritional grade milk processing plant in New Zealand

The company has been deregistered as of 14/05/2024

14/05/2024

delisted by ASX under Listing Rule 17.12

28/12/2023

we understand the company was delisted by ASX following company failure and breaches of several listing rules (the company is in external administration)

28/12/2023

Following creditor approval at the concurrent Watershed Meeting of creditors held on 21 September 2023, the Deed Administrators and the Companies executed the relevant DOCAs on 3 October 2023. The DOCAs contain a sunset date of 30 November 2023. The Sunset Date has now passed without extension or any restructuring proposal being progressed and accordingly, the DOCAs will automatically terminate on the date being 5 business days following the Sunset Date. Upon termination, the Deed Administrators immediately cease to be Deed Administrators. With the termination of the DOCA, HVN returns to the control of its director(s). The resignation of the last remaining director of HVN may result in the ASX delisting HVN and, at a minimum, trigger the eventual mandatory removal of HVN from the New Zealand company register. Subject to any objection to be received within 20 working days following a notice by the Registrar of the proposed removal, HVN will be automatically removed from the New Zealand company register with the effect that HNV will cease to exist as a legal entity.

04/12/2023

Following creditor approval at the concurrent Watershed Meeting of creditors held on 21 September 2023, the Deed Administrators and the Companies have executed the relevant DOCAs on 3 October 2023. HVM is not required to comply with the Financial Reporting Obligations until the last day of the Deferral Period.

03/10/2023

The reconvened Watershed Meeting of creditors of the Companies were held concurrently on 21 September 2023. At the meetings the creditors, pursuant to section 239ABA of the New Zealand Companies Act 1993, resolved that the Companies execute a deed of company arrangement. The Sunset Date under the Holding DOCA is 30 November 2023 (or such later date this is extended to but in any event no later than 30 June 2024). During the DOCA Period the Deed Administrators, Andrew Grenfell and Kare Johnstone, will have control of the Companies.

21/09/2023

The Watershed Meeting of creditors of the Companies were held concurrently on 10 August 2023. At the meetings the creditors, pursuant to section 239AZ of the New Zealand Companies Act 1993 (Act), voted to adjourn the Watershed Meeting for a period of 30 working days from the 10 August 2023. The Watershed Meeting of Creditors will reconvene on Thursday 21 September 2023, at NZT 11:00am at the offices of McGrathNicol, Level 17, 41 Shortland Street, Auckland 1010 and online via Teams.

10/08/2023

The Administrators have convened the Watershed Meeting of Creditors of the Companies for Thursday 10 August 2023, at NZT 11:00am at the offices of McGrathNicol, Level 17, 41 Shortland Street, Auckland 1010 and online via Teams. It is intended to hold the meetings of the Companies jointly. The Administrators intend to rely on the relief set out in ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 which provides for the deferral of financial reporting obligations for a minimum period of 6 months from the date of appointment of the Administrators and up to a maximum period of 24 months from the date of appointment of the Administrators.

04/08/2023

Andrew Grenfell and Kare Johnstone have been appointed to be the e Company's joint and several administrators.

05/07/2023

The company has agreed with Merricks Capital Pty Ltd to extend the current Maturity Date of its Secured Debt Facility from 30 June 2023 until 16 August 2023.

30/06/2023

The securities of Happy Valley Nutrition Limited will be suspended from quotation immediately under Listing Rule 17.3, due to ASX's concerns regarding HVM's financial condition.

29/06/2023

The suspension of trading in the securities of Happy Valley Nutrition Limited will be lifted immediately following the release by HVM of an announcement regarding the outcome of a capital raising.

03/04/2023

Happy Valley has today issued a total of 13,425,000 fully paid ordinary shares. The New Shares were issued at an issue price of $0.04 per New Share pursuant to the placement.

03/04/2023

The company releases a notice of proposed issue of securities.

03/04/2023

The company releases a notice of application for quotation of securities.

03/04/2023

The company has raised A$637,000 (excluding costs) from the issue of 15,925,000 fully paid ordinary shares in HVM at A$0.04 per Share to new and existing investors. The funds raised from the Placement will be used for the purpose of working capital. Merricks Capital Pty Ltd has agreed to extend the current Maturity Date of its Secured Debt Facility from 28 March 2023 until 30 June 2023.

03/04/2023

The securities of Happy Valley Nutrition Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of HVM, pending the release of an announcement regarding the outcome of a capital raising

28/03/2023

listed entity carried for record purposes only

23/01/2020
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    28/09/2021Greg Wood100,000$0.093$9,300

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Leanne RalphCompany 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)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Kevin BushNon Exec Chairman14/10/202101/12/2023
    David McCannNon Exec Director28/04/201605/07/2023
    Grant HoranExecutive Director18/05/202305/07/2023
    Richard ChewCFO30/11/202123/06/2023
    Randolph van der BurghNon Exec Director08/04/201622/05/2023
    Ivan HammerschlagNon Exec Director04/07/201828/02/2022
    Greg WoodDirector, CEO10/03/202020/12/2021
    Gareth JonesCFO29/01/202030/11/2021
    Anthony KahnIndependent Director23/01/202017/11/2021

    Date of first appointment, title may have changed.