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27 July 2024
| Name: | NEWSAT LIMITED (NWT) | ||||||||||||||||||
| Date of Listing: | 29 October 1987 | ||||||||||||||||||
| Date of Delisting: | 01 September 2015 | ||||||||||||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 01 September 2015.Legal Status:
ACN: 003 237 303
This entity was placed in liquidation on 07 August 2015.Capital Gains Tax (CGT) Status:
An administrator or liquidator has declared during tax year 2015-16 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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| Company | FROM | TO |
|---|---|---|
| NEWSAT LIMITED | 03/10/2006 | |
| MULTIEMEDIA LIMITED | 15/08/2001 | 03/10/2006 |
| MULTIEMEDIA.COM LIMITED | 09/09/1999 | 15/08/2001 |
| AUSTRALIAN ENVIRONMENTAL RESOURCES LIMITED | 30/08/1999 | 09/09/1999 |
| AUSTRALIAN ENVIRONMENTAL RESOURCES NL | 10/07/1996 | 30/08/1999 |
| BROWNS CREEK GOLD NL | 10/07/1996 |
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
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 |
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 |
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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 |
Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 30/06/2014 | Ching Chiat Kwong | On market | 96,112 | $0.275 | $26,431 |
| 25/06/2014 | Charles Abbott | On market | 750,000 | $0.280 | $210,000 |
| 25/06/2014 | Ching Chiat Kwong | On market | 605,274 | $0.280 | $169,477 |
| 24/06/2014 | Ching Chiat Kwong | On market | 1,898,804 | $0.278 | $527,662 |
| 18/06/2014 | Ching Chiat Kwong | On market | 843,205 | $0.280 | $236,013 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Richard Green | Chairman | 27/08/2009 |
| Michael Hewins | COO | 26/06/2013 |
| Roderic Sage | Independent Director | 13/08/2014 |
| Fred Grimwade | Independent Director | 29/08/2014 |
| Patrick McVeigh | Independent Director | 26/09/2014 |
| Ching Chiat Kwong | Non Exec Director | 11/07/2013 |
| Adrian Ballintine | Director, CEO | 25/05/2005 |
| John McDonough | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Linda Dillon | CFO | 08/09/2014 | 02/04/2015 |
| Elwood Ellison | Director | 14/06/2002 | 29/08/2014 |
| William Abbott | Non Exec Director | 24/10/2012 | 13/08/2014 |
| Charles Abbott | Alternate Director | 18/03/2014 | 13/08/2014 |
| Brendan Fleiter | Non Exec Director | 04/09/2013 | 30/06/2014 |
| Mark Fishwick | Director | 18/02/2010 | 30/06/2014 |
| Andrew Plympton | Director | 18/02/2010 | 30/06/2014 |
| Adam Shapiro | CFO | 11/04/2007 | 24/06/2013 |
Date of first appointment, title may have changed.
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