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OPENPAY GROUP LTD (ASX.OPY)

ASX Announcements (courtesy of ASX)

20192020202120222023

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names

 

Shareholder links
Our website ranking of OPY: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details
ISIN: AU0000067647
Address: Level 11, 456 Lonsdale Street Melbourne 3000
Tel:  1300 168 359

Date first listed: 16/12/2019

Activities: Provider of payments technology that offers a Buy Now, Pay Later product

delisted for non-payment of annual listing fee under Listing Rule 17.15

29/08/2023

we understand the entity failed to pay the annual listing fee

29/08/2023

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation.

22/08/2023

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

The Receivers and Managers have completed the sale of Openpay's OpyPro SaaS business to OP Fiduciary Pty Ltd on 10 July 2023 for consideration of $10,000,000, payable as a reduction against the secured debt owing to OP Fiduciary. As part of the sale, six employees will transfer to the acquirer who will continue to operate the business as a going concern.

11/07/2023

The Receivers and Managers have since published an advertisement seeking Expressions of Interest in relation to the: Openpay "˜buy now pay later' platform; OpyPro B2B SaaS platform; and recapitalisation of the Company. The deadline for Expressions of Interest closed on 22 February 2023 and the Receivers and Managers will now be providing information to interested parties with a view to progressing the sale campaign. First round indicative offers will be due from interested parties in early to mid-March 2023. The Receivers and Managers hereby give notice that they intend to rely on relief under ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251 which provides for the deferral of financial reporting obligations for a minimum period of 6 months from the date of appointment of the Receivers and Managers and up to a maximum of 24 months if the external administration continues for longer than 6 months. Under the Instrument, all financial reporting obligations of the Company are deferred until at least 4 August 2023.

24/02/2023

As outlined in the announcement on 6 February 2023, at this time, customers will no longer be able to use the Openpay platform for new purchases, but are still required to pay any outstanding balances in accordance with their existing agreements. The Receivers and Managers will be advertising for initial expressions of Interest during the course of next week in relation to the sale of assets subject to their appointment.

10/02/2023

Barry Kogan, Jonathan Henry and Rob Smith, partners of McGrathNicol were appointed Joint and Several Receivers and Managers of Openpay Group Ltd and Openpay Pty Ltd on 4 February 2023, pursuant to the security held by OP Fiduciary Pty Ltd. Separately, Barry Kogan, Jonathan Henry and Rob Smith were also appointed Joint and Several Receivers and Managers of Openpay SPV Pty Ltd, and certain assets of Openpay Pty Limited by Amal Security Services Pty Limited on 3 February 2023. The Receivers and Managers will work closely with Openpay's employees, merchants and customers to urgently determine the appropriate strategy for the business. At this time, customers will no longer be able to use the Openpay platform for new purchases, but are still required to pay any outstanding balances in accordance with their existing agreements.

06/02/2023

Barry Kogan, Jonathan Henry and Rob Smith, partners of McGrathNicol are appointed Joint and Several Receivers and Managers of Openpay Group Ltd and Openpay Pty Ltd

04/02/2023

The securities of Openpay Group Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of OPY, pending the release of an announcement regarding its ongoing funding arrangements.

03/02/2023

listed entity carried for record purposes only

16/12/2019
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    23/06/2021Michael Eidel65,000$1.520$98,800
    24/12/2020Michael Eidel20,000$2.395$47,897
    11/11/2020Michael Eidel7,500$2.686$20,143
    05/11/2020Michael Eidel43,000$2.727$117,240
    14/09/2020Michael Eidel17,000$2.838$48,255

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Patrick TuttleChairman, Independent Director16/12/2019
    Michael EidelManaging Director, CEO16/12/2019
    Dion AppelCEO01/07/2022
    Jussi NunesCFO07/09/2020
    Kelly Rosmarin Independent Director16/12/2019
    Sibylle KriegerIndependent Director16/12/2019
    David PhillipsNon Exec Director16/12/2019
    Edward BuntingCompany 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
    Yaniv MeydanNon Exec Director16/12/201904/02/2023
    Andrew BurnsCFO07/09/2020

    Date of first appointment, title may have changed.