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LANYON INVESTMENT COMPANY LIMITED (ASX.LAN)

ASX Announcements (courtesy of ASX)

20212022

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
2022   ALL
Former (or subsequent) names
Shareholder links
Our website ranking of LAN: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

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

Company details
ISIN: AU0000008EC1
Address: Level 7, 66 Hunter Street Sydney NSW 2000
Tel:  +61 (2) 8203 3800

Date first listed: 01/12/2015

Sector: N/A
Activities: Investment in a concentrated portfolio of primarily companies listed on the ASX with a market capitalisation of less than $500 million at the time of first purchase

Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

01/08/2023

delisted by ASX under Listing Rule 17.12

17/10/2022

we understand ASX removed the company from listing because its securities have been suspended from quotation for a continuous period of two years

17/10/2022

ARC Funds Ltd is pleased to announce that the Company has now made the decision to launch ARC Emerging Managers as an unlisted unit trust, with the launch scheduled for late 2022 or early 2023. The Company previously announced that it had entered into an agreement to acquire the investment management rights in respect of LAN, with the intention being to repurpose LAN as the ARC Emerging Managers. ARC has decided that it is in the best interests of our shareholders and the prospective AEM investors, for AEM to be structured as an unlisted trust and not a LIC. ARC Investment Management Pty Ltd, an 85% owned subsidiary of ARC, will continue to hold the investment management rights of the proposed AEM.

14/09/2022

In relation to the transaction with ARC Funds Limited, LAN has, in light of the current broader market conditions, made a decision to not to proceed with the capital raising at this time. As a result, given that LAN has been suspended from trading since 15 October 2020, ASX will remove LAN from the official list of the ASX on 17 October 2022. The company's AGM will be held on 29 November 2022, and the closing date for the receipt of nominations from persons wishing to be considered for election as a director is 23 September 2022.

14/09/2022

The company lodges the following: Annual Report to shareholders, Corporate Governance Statement and Appendix 4G.

01/09/2022

Lanyon Investment Company Limited has entered into an agreement with ARC Funds Limited in relation to the future of LAN. LAN called for proposals to be made by various potentially interested parties, and the Board of LAN has determined that the Agreement with ARC is superior to other proposals tendered by interested parties which also had the support of Lanyon Asset Management, the current investment manager of LAN.

10/05/2022

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 31 March 2022 is as follows: Pre-Tax NTA $0.0387 per share; Post-Tax NTA $0.0387 per share.

14/04/2022

The unaudited pretax NTA of Lanyon Investment Company Limited as at 28 February 2022 is as follows: Pre-Tax NTA $0.1391 per share, Post-Tax NTA $0.1391 per share.

18/03/2022

The company lodges its Half Yearly Report and Accounts.

28/02/2022

The company has received a number of proposals. The proposals received are generally reasonably comprehensive, but each of them is either confidential, or incomplete, or conditional to some extent. The Board is pleased with the responses and has commenced engagement with the relevant parties in order to clarify the terms of the proposals.

25/02/2022

The unaudited pre-tax NTA of Lanyon Investment Company as at 31 January 2022 is as follows: Pre-Tax NTA $2.8025 per share and Post-Tax NTA $2.8025 per share.

15/02/2022

The Company was unable to complete a recapitalisation as anticipated in October 2021. Whilst indicative commitments for the offer exceeded the minimum subscription, given the change in broader market conditions, the Company did not proceed with the capital raising. All application moneys were returned to shareholders. The Company has now sold the investment in Fremantle Octopus Group. This was the Company's last remaining investment. Sale proceeds were received on 2 February 2022. The sale price was $500,000 and represents a reasonable price for an illiquid holding, despite being at a discount to the carrying value. Proceeds from the sale will be used to settle trade liabilities and, in the absence of an alternative proposal emerging, surplus funds, if any, will be returned to shareholders through a capital return. After any final capital return is complete the board would commence an orderly wind up of the Company. The Company will have no outstanding liabilities and a modest net cash position. The Company has also substantially completed a prospectus for the offer of new securities to recapitalise the company which may be available to a new investment manager.

02/02/2022

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 31 December 2021 is as follows: Pre-Tax NTA $2.9162 per share; Post-Tax NTA $2.9162 per share.

17/01/2022

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 30 November 2021 is as follows: Pre-Tax NTA $3.1306 per share and Post-Tax NTA $3.1306 per share.

14/12/2021

The company releases the Chairman's address to shareholders and the results of its meeting.

29/11/2021

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 31 October 2021 is as follows: Pre-Tax NTA $3.2686 per share, Post-Tax NTA $3.2686 per share.

12/11/2021

The company's AGM will be held at 10.30 a.m. (ACDT) on Monday 29 November 2021 at Piper Alderman, Level 16, 70 Franklin Street, Adelaide SA 5000.

28/10/2021

The unaudited pre-tax net tangible assets of Lanyon Investment Company Limited as at 30 September 2021 is as follows: Pre-Tax NTA $3.4473 per share; Post-Tax NTA $3.4473 per share.

15/10/2021

The company releases a supplementary prospectus.

11/10/2021

name changed from 8IP Emerging Companies Limited

11/10/2021
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    19/10/2018Geoffrey Wilson164,656$0.828$136,253
    05/09/2016Tony McDonaldOn market20,000$1.000$20,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    David PrescottChairman16/03/2020
    Harley GrosserDirector10/05/2022
    Daniel SimsDirector10/05/2022
    Natalie ClimoCompany 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
    Kenneth WilliamsChairman01/04/202110/05/2022
    Richard WillsonNon Exec Director01/04/202110/05/2022
    Jonathan SweeneyNon Exec Chairman, Independent Director26/09/201501/04/2021
    Tony McDonaldIndependent Director26/09/201501/04/2021
    Robin BurnsDirector11/04/201801/04/2021
    Kerry SeriesExecutive Director01/12/201525/11/2020
    Geoffrey WilsonNon Exec Director11/04/201829/09/2020

    Date of first appointment, title may have changed.