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11 September 2024
| Name: | ISELECT LIMITED. (ISU) |
| ISIN: | AU000000ISU6 |
| Date of Listing: | 24 June 2013 |
| Date of Delisting: | 29 December 2022 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 29 December 2022.Legal Status:
ACN: 124 302 932ABN: 48 124 302 932
Registration Date: 07 March 2007
Capital Gains Tax (CGT) Status:
To our knowledge this entity was the subject of a takeover or merger such that your securities were acquired for consideration in the form of cash or scrip. You will need to seek independent tax advice in relation to Capital Gains Tax or other tax matters but any other enquiries relating to your shareholding in the company should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail
delisted at entity's request under Listing Rule 17.11 | 29/12/2022 |
we understand Innovation Holdings Australia acquired all of the shares in iSelect that it did not already own for a cash payment of $0.30 per iSelect share | 29/12/2022 |
The scheme of arrangement between iSelect and its shareholders, under which it was proposed that Innovation Holdings Australia would acquire of all of the shares in iSelect that it did not already own, was implemented today. IHA is now the registered holder of all of the issued shares in iSelect. Eligible iSelect shareholders were paid the scheme consideration of a cash payment of $0.30 per iSelect share held at 7.00pm (AEDT) on 19 December 2022. | 28/12/2022 |
The company releases a cleansing notice for teh issued 11,014,342 ordinary shares at a deemed issue price of $0.327 cents per Share to the shareholders of CIMET Holdings. | 16/12/2022 |
The company releases a notification of cessation of securities. | 16/12/2022 |
The company releases a notice of application for quotation of securities. | 16/12/2022 |
The company releases an updated notice of proposed issue of securities. | 16/12/2022 |
In relation to the CIMET acquisition, iSelect confirms that the full amount payable under the earnout is payable to the CIMET Sellers and iSelect will make this payment by way of an issue of shares to the CIMET Sellers. The issue of the Earnout Shares to the CIMET Sellers will take place prior to the Record Date for the Scheme, being 7.00pm (AEDT) on Monday, 19 December 2022. As such, the Earnout Shares will be acquired by Innovation Holdings Australia. | 16/12/2022 |
The securities of iSelect Limited will be suspended from quotation at the close of trading on Thursday, 15 December 2022 under Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with ASIC approving the scheme of arrangement by which Innovation Holdings Australia Pty Ltd will acquire all of the issued shares in ISU. | 15/12/2022 |
listed entity carried for record purposes only | 24/06/2013 |
delisted at entity's request under Listing Rule 17.11 | 29/12/2022 |
we understand Innovation Holdings Australia acquired all of the shares in iSelect that it did not already own for a cash payment of $0.30 per iSelect share | 29/12/2022 |
The scheme of arrangement between iSelect and its shareholders, under which it was proposed that Innovation Holdings Australia would acquire of all of the shares in iSelect that it did not already own, was implemented today. IHA is now the registered holder of all of the issued shares in iSelect. Eligible iSelect shareholders were paid the scheme consideration of a cash payment of $0.30 per iSelect share held at 7.00pm (AEDT) on 19 December 2022. | 28/12/2022 |
The company releases a cleansing notice for teh issued 11,014,342 ordinary shares at a deemed issue price of $0.327 cents per Share to the shareholders of CIMET Holdings. | 16/12/2022 |
The company releases a notification of cessation of securities. | 16/12/2022 |
The company releases a notice of application for quotation of securities. | 16/12/2022 |
The company releases an updated notice of proposed issue of securities. | 16/12/2022 |
In relation to the CIMET acquisition, iSelect confirms that the full amount payable under the earnout is payable to the CIMET Sellers and iSelect will make this payment by way of an issue of shares to the CIMET Sellers. The issue of the Earnout Shares to the CIMET Sellers will take place prior to the Record Date for the Scheme, being 7.00pm (AEDT) on Monday, 19 December 2022. As such, the Earnout Shares will be acquired by Innovation Holdings Australia. | 16/12/2022 |
The securities of iSelect Limited will be suspended from quotation at the close of trading on Thursday, 15 December 2022 under Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with ASIC approving the scheme of arrangement by which Innovation Holdings Australia Pty Ltd will acquire all of the issued shares in ISU. | 15/12/2022 |
listed entity carried for record purposes only | 24/06/2013 |
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First half earnings to be announced soon. Expect lower than the downgraded estimate, which is $15-18M, half what the company announced one month before. The share buyback has had no impact on the share price. Holders who bought when price hit the bottom now taking small profits on the dead cat bounce. iSelect has been a wipeout since day 1. Cash reserves being burned up in the buyback and sales and profit have collapsed. My call: another collapse when Feb figures released, 50c by end March. | 10/02/2016 18:31:34 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 02/05/2022 | Melissa Reynolds | 50,000 | $0.190 | $9,500 | |
| 28/04/2022 | Shaun Bonett | 5,000,000 | $0.150 | $750,000 | |
| 07/03/2022 | Brodie Arnhold | 200,000 | $0.225 | $44,970 | |
| 01/03/2022 | Geoff Stalley | 70,000 | $0.220 | $15,400 | |
| 05/03/2019 | Chris Knoblanche | 75,000 | $0.734 | $55,023 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Chris Knoblanche | Chairman, Independent Director | 01/07/2015 |
| Nadine Lennie | CFO | 02/07/2018 |
| Brodie Arnhold | Independent Director | 25/09/2014 |
| Warren Hebard | Director, CEO | 01/11/2020 |
| Ram Kangatharan | Director | 28/12/2022 |
| Trevor Jeffords | Director | 28/12/2022 |
| David Christie | General Counsel | 30/09/2013 |
| Mertons Corporate Services | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Melissa Reynolds | Independent Director | 01/03/2022 | 28/12/2022 |
| Shaun Bonett | Non Exec Director | 07/03/2007 | 28/12/2022 |
| Bridget Fair | Non Exec Director | 30/09/2013 | 28/12/2022 |
| Geoff Stalley | Non Exec Director | 13/11/2018 | 28/12/2022 |
| Melanie Wilson | Independent Director | 01/04/2016 | 19/10/2021 |
| Scott Wilson | Managing Director, CEO | 13/10/2015 | 23/04/2018 |
| Darryl Inns | CFO | 04/07/2016 | 17/11/2017 |
| Damien Waller | Non Exec Director | 07/03/2007 | 31/03/2017 |
| Paul McCarthy | CFO | 01/07/2014 | 28/10/2015 |
| Alex Stevens | Managing Director, CEO | 31/03/2014 | 13/10/2015 |
| Leslie Webb | Non Exec Director | 07/03/2007 | 28/08/2015 |
| Greg Camm | Deputy Chairman, Non Exec Director | 20/08/2012 | 31/10/2014 |
| Jacki McAvenna | CFO | 07/05/2014 | 01/07/2014 |
| David Chalmers | CFO | 14/10/2013 | 07/05/2014 |
| Patrick O'Sullivan | Non Exec Director | 22/09/2010 | 17/04/2014 |
| Matt McCann | CEO | 07/02/2012 | 14/10/2013 |
Date of first appointment, title may have changed.
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