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29 May 2024
| Name: | HORIZON ENERGY INVESTMENT GROUP (HRZ) |
| Date of Delisting: | 29 April 2004 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 April 2004.Legal Status:
Capital Gains Tax (CGT) Status:
This entity was deregistered on 09 September 2005. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
both the Horizon Energy Investment Trust (HEIT) and Horizon Energy Investments Limited (HEIL) have been deregistered subsequently - HEIT on 19/9/2005 and HEIL on 26/7/2005 - that means the entities have ceased to exist | 23/05/2007 |
delisted at the request of the company following the distribution of the proceeds from the completed GEAC sale agreement | 29/04/2004 |
Horizon Energy Investment Group (HEIG) received $35,750,000 when the GEAC Sale Agreement was completed being its share of the proceeds. HEIG was a stapled entity comprised of Horizon Energy Investment Trust (HEIT) and Horizon Energy Investments Limited (HEIL) - HEIT made a distribution of capital of 9 cents per unit to HEIG security holders on or around 28 April 2004 - the balance of any remaining funds in HEIG (expected to be approximately 0.3 cents per stapled security) are to be distributed in due course following the liquidation of HEIL and the winding up of HEIT - this is expected to occur before 30 September 2004 | 28/04/2004 |
shares suspended from quotation following the announcement of the completion of the GEAC sale agreement | 14/04/2004 |
Reinstatement to Official Quotation | 18/03/2004 |
Loy Yang Power Partners, including Horizon, have been notified by the Great Energy Alliance Corporation that the outstanding issues relating to the stamp duty condition precedent have been resolved | 12/03/2004 |
shares suspended following the company's failure to lodge its half year report - the report has not been signed because of delays in selling the Loy Yang A power station and the prospect that the company could be insolvent if the delays take much longer | 01/03/2004 |
both the Horizon Energy Investment Trust (HEIT) and Horizon Energy Investments Limited (HEIL) have been deregistered subsequently - HEIT on 19/9/2005 and HEIL on 26/7/2005 - that means the entities have ceased to exist | 23/05/2007 |
delisted at the request of the company following the distribution of the proceeds from the completed GEAC sale agreement | 29/04/2004 |
Horizon Energy Investment Group (HEIG) received $35,750,000 when the GEAC Sale Agreement was completed being its share of the proceeds. HEIG was a stapled entity comprised of Horizon Energy Investment Trust (HEIT) and Horizon Energy Investments Limited (HEIL) - HEIT made a distribution of capital of 9 cents per unit to HEIG security holders on or around 28 April 2004 - the balance of any remaining funds in HEIG (expected to be approximately 0.3 cents per stapled security) are to be distributed in due course following the liquidation of HEIL and the winding up of HEIT - this is expected to occur before 30 September 2004 | 28/04/2004 |
shares suspended from quotation following the announcement of the completion of the GEAC sale agreement | 14/04/2004 |
Reinstatement to Official Quotation | 18/03/2004 |
Loy Yang Power Partners, including Horizon, have been notified by the Great Energy Alliance Corporation that the outstanding issues relating to the stamp duty condition precedent have been resolved | 12/03/2004 |
shares suspended following the company's failure to lodge its half year report - the report has not been signed because of delays in selling the Loy Yang A power station and the prospect that the company could be insolvent if the delays take much longer | 01/03/2004 |
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