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NEWSAT LIMITED (ASX.NWT)

ASX Announcements (courtesy of ASX)

2006200720082009201020112012201320142015

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names
CompanyFROMTO
NEWSAT LIMITED03/10/2006
MULTIEMEDIA LIMITED15/08/200103/10/2006
MULTIEMEDIA.COM LIMITED09/09/199915/08/2001
AUSTRALIAN ENVIRONMENTAL RESOURCES LIMITED30/08/199909/09/1999
AUSTRALIAN ENVIRONMENTAL RESOURCES NL10/07/199630/08/1999
BROWNS CREEK GOLD NL10/07/1996
Shareholder links
Our website ranking of NWT: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

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

Company details
Address: Level 4, 6 Riverside Quay, SOUTHBANK, VIC, AUSTRALIA, 3006
Tel:  (03) 9674 4644 Fax: (03) 9674 4655

Date first listed: 29/10/1987
Company Secretary: John McDonough

Sector: Telecommunication Services
Industry Group: XTJ
Activities: Multimedia and internet activities

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 12 October 2015)

29/02/2016

delisted from the close of trading on Monday, 31 August 2015 the company was removed from the Official List pursuant to Listing rule 17.15

01/09/2015

we understand this entity did not pay its listing fees because it failed and is in liquidation

01/09/2015

The following entity (Newsat Limited) has not paid their annual listing fees in respect of the year ending 30 June 2016 but the securities are already suspended from official quotation. Under listing rule 17.15, any entity that has not paid its annual listing fees as required by listing rule 16.5 by 5.00 pm AEST on Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015

25/08/2015

Stephen James Parbery and Marcus Ayres appointed Liquidators

07/08/2015

Te Jabiru-1 Launch Services Agreement was not assumed or assigned by the agreed deadline. On 4 August 2015 Arianespace notified Jabiru Satellite Limited that the LSA has been terminated with immediate effect. This termination notice has the effect of extinguishing NewSat's legal interest in the LSA.

05/08/2015

The Receivers and Peter J Solomon Company are pleased to announce the sale of the assets of NewSat's teleport business to SpeedCast Australia Pty Limited ("SCA") on 10 July 2015.

10/07/2015

The company provides a receivership and administration update on the proceedings and the termination of the Lockheed Martin Satellite Construction Contract

04/06/2015

an update as to the progress of the receiverships and administrations is provided

13/05/2015

Jason Preston and Matthew Caddy of McGrathNicol have been appointed joint and several Receivers and Managers ("Receivers"), and Stephen Parbery and Marcus Ayres of PPB Advisory have been appointed Voluntary Administrators ("Administrators") to NewSat Limited ("NewSat")" (ASX Code: NWT) by its secured creditors on 17 April 2015

17/04/2015

further to the ASX Announcement, dated 8 April 2015 and by way of clarification, NewSat advises that the Company's former Chief Financial Officer and Company Secretary, Linda Dillon, decided to resign from her positions with NewSat in order to pursue other opportunities

10/04/2015

releases a Corporate and Jabiru-1 Update

08/04/2015

The securities of NewSat Limited (the "Company") will be suspended from quotation immediately, at the request of the Company pending the release of an announcement regarding developments in its ongoing negotiations in the US with its lenders for its Jabiru- 1 project financing. Security Code: NWT

30/03/2015

The suspension of trading in the securities of NewSat Limited (the "Company") will be lifted immediately, following the release of an announcement relating to the Company finalising equity and mezzanine funding for its Jabiru-1 Satellite and the release of its prospectus dated 25 February 2013 (the "Prospectus"). For further information, please refer to the Prospectus. Security Code: NWT

25/02/2013

NewSat Limited (ASX: NWT) ("NewSat" or "Company") refers to its previous announcements regarding its voluntary suspension and the ongoing negotiations for the funding of its Jabiru-1 satellite project. NewSat is pleased to announce that in addition to the US Ex-Im Bank approval for an amendment to the senior debt facility, NewSat has received an amended promesse de garantie from COFACE of US$108.4 million. The promesse de garantie will be used to back loans to NewSat in order to fund the building of the rocket by Arianespace. The US Ex-Im Bank approval and the promesse de garantie from COFACE are conditional on the Company raising the additional required funding via equity and mezzanine funding. Given the multi-faceted and interdependent nature of the financing negotiations, NewSat considers it appropriate for the voluntary suspension of its shares to continue until such negotiations have been finalised and the Prospectus issued. The Company is committed to finalising the negotiations with mezzanine debt and equity investors as soon as practicable in order to minimise the period in which the Company's shares remain in suspension. NewSat will next provide an update to the market on 15 February 2013, unless it is in a position to make an announcement before then.

04/02/2013

NewSat continues to work diligently to finalise the Jabiru-1 satellite project and will inform the market as material announcements are required

10/12/2012

The securities of NewSat Limited (the "Company") will be suspended from official quotation immediately, at the request of the Company, pending the release of an announcement by the Company. Security Code: NWT

03/12/2012

we understand that on or about this date the company consolidated its shares 1 for 50

20/10/2011

name changed from Multiemedia Limited

03/10/2006
View ASX Announcements (courtesy of ASX)

 

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ASX, Legal & CGT Status

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I had shares in this - but now i cant find any record of the shares - if the company is delisted does that mean that shares just dont exist for this anymore - they have vanished (along with our money?)?

18/10/2022 21:53:10

NewSat was in partnership with Lockheed to launch Australia\'s first satellite. The plans seemed to be on target thought the price trended down over a few years from a high of about $10 from memory. I think the directors were genuinely enthusiastic about the company\'s prospects and would have suffered losses form the collapse. I heard that the reason for the company\'s demise was that the Chinese had hacked into the plans through a sub-contractor. When it was discovered NewSat folded and Lockheed took over. I haven\'t heard about the satellite, though. Can anyone cornfirm or correct that?

 

 

 

12/07/2021 16:23:59

That is why I gave up on Australian stocks...well, stocks in general, they run the companies for their own profit...in 2003 I started to trade FX and have never regretted it...cheers 

25/09/2017 22:11:55
everything about this company, directors and all related parties was fishy from day one. sorry shareholders, your money was all spent on expensive dinners and trips around the world.28/05/2015 22:28:36
Oh Oh! What's happening with NWT? My 10,000,000 shares can't be sold!?17/04/2015 17:56:04
Company Updates
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    30/06/2014Ching Chiat KwongOn market96,112$0.275$26,431
    25/06/2014Charles AbbottOn market750,000$0.280$210,000
    25/06/2014Ching Chiat KwongOn market605,274$0.280$169,477
    24/06/2014Ching Chiat KwongOn market1,898,804$0.278$527,662
    18/06/2014Ching Chiat KwongOn market843,205$0.280$236,013

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Richard GreenChairman27/08/2009
    Michael HewinsCOO26/06/2013
    Roderic SageIndependent Director13/08/2014
    Fred GrimwadeIndependent Director29/08/2014
    Patrick McVeighIndependent Director26/09/2014
    Ching Chiat KwongNon Exec Director11/07/2013
    Adrian BallintineDirector, CEO25/05/2005

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Linda DillonCFO08/09/201402/04/2015
    Elwood EllisonDirector14/06/200229/08/2014
    William AbbottNon Exec Director24/10/201213/08/2014
    Charles AbbottAlternate Director18/03/201413/08/2014
    Brendan FleiterNon Exec Director04/09/201330/06/2014
    Mark FishwickDirector18/02/201030/06/2014
    Andrew PlymptonDirector18/02/201030/06/2014
    Adam ShapiroCFO11/04/200724/06/2013

    Date of first appointment, title may have changed.