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05 October 2024
Name: | NEW ENERGY SOLAR LIMITED (NEW) |
ISIN: | AU000000NEW2 |
Date of Listing: | 04 December 2017 |
Date of Delisting: | 28 February 2023 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 28 February 2023.Legal Status:
ACN: 609 396 983ABN: 20 609 396 983
Registration Date: 19 November 2015
Capital Gains Tax (CGT) Status:
An administrator or liquidator has declared during tax year 2023-24 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Link Market Services Limited Sydney
Level 12, 680 George Street
Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
RegistryWebsite RegistryEmail
we understand the following capital payments have been made since 2022: 19/08/2022 (3.5 cents), 1/12/2022 (82.0 cents), 8/02/2023 (13.5 cents), 7/02/2024 (8.0 cents) and 28/06/2024 (0.2505 cents) | 10/07/2024 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year 2023/24 the declaration is issued (this declaration was issued on 28 June 2024) | 28/06/2024 |
Martin Walsh appointed liquidator | 12/02/2024 |
delisted at entity's request under Listing Rule 17.11 | 28/02/2023 |
we understand the company sold its solar assets to MN8 Energy LLC and no longer had assets or business operations (a capital return of $A0.82 was made to shareholders on 1 December 2022, further tranches of $A0.13 and $A0.07 are expected), high ongoing costs of the listing, and prioritising savings from the delisting | 28/02/2023 |
The securities of New Energy Solar Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NEW, as outlined in NEW's announcement dated 22 February 2023. | 27/02/2023 |
listed entity carried for record purposes only | 04/12/2017 |
we understand the following capital payments have been made since 2022: 19/08/2022 (3.5 cents), 1/12/2022 (82.0 cents), 8/02/2023 (13.5 cents), 7/02/2024 (8.0 cents) and 28/06/2024 (0.2505 cents) | 10/07/2024 |
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year 2023/24 the declaration is issued (this declaration was issued on 28 June 2024) | 28/06/2024 |
Martin Walsh appointed liquidator | 12/02/2024 |
delisted at entity's request under Listing Rule 17.11 | 28/02/2023 |
we understand the company sold its solar assets to MN8 Energy LLC and no longer had assets or business operations (a capital return of $A0.82 was made to shareholders on 1 December 2022, further tranches of $A0.13 and $A0.07 are expected), high ongoing costs of the listing, and prioritising savings from the delisting | 28/02/2023 |
The securities of New Energy Solar Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of NEW, as outlined in NEW's announcement dated 22 February 2023. | 27/02/2023 |
listed entity carried for record purposes only | 04/12/2017 |
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DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
---|---|---|---|---|---|
05/09/2019 | John Holland | 75,000 | $1.264 | $94,838 | |
31/07/2019 | Alan Dixon | 190,862 | $1.288 | $245,926 | |
20/06/2019 | Jeffrey Whalan | 20,000 | $1.290 | $25,800 | |
11/06/2019 | John Martin | 24,187 | $1.225 | $29,629 | |
05/06/2019 | John Martin | 20,000 | $1.290 | $25,800 |
NAME | TITLE | DATE OF APPT |
---|---|---|
James Davies | Chairman | 04/12/2017 |
Liam Thomas | CEO | 01/10/2021 |
Warwick Keneally | CFO | |
Caroline Purtell | Non Exec Director, Company Secretary | 01/12/2022 |
John Holland | Non Exec Director | |
Mike Adams | Director | 09/07/2018 |
Date of first appointment, title may have changed.
NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
---|---|---|---|
Jeffrey Whalan | Non Exec Chairman | 04/12/2017 | 01/12/2022 |
Maxine McKew | Non Exec Director | 04/12/2017 | 01/12/2022 |
John Martin | Director, CEO | 01/12/2022 | |
Alan Dixon | Director | 27/10/2017 | 18/05/2020 |
Date of first appointment, title may have changed.
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