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ASX Announcements (courtesy of ASX)


ASX, Legal & CGT Status


(updated at weekends)
Former (or subsequent) names
PMP LIMITED14/11/200012/02/2019
Shareholder links
Our website ranking of OVT: rating 3
(3 out of 5)


Computershare Adelaide
Level 5, 115 Grenfell Street, Adelaide SA 5000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details
ISIN: AU0000038911
Address: 2- 8 Priddle Street, Warwick Farm, NSW 2170
Tel:  (02) 9353 0000 Fax: (02) 9353 0036

Date first listed: 13/02/1992

Sector: Commercial & Professional Services
Industry Group: XNJ
Activities: Print media production including graphic arts, commercial printing, letterbox distribution and magazine distribution

Benjamin Campbell, Ross Blakeley, Chris Hill appointed liquidators


apparently adminstrators have sold the plant and machinery enabling secured creditors to be paid, but there remains a shortfall for unsecured creditors and staff (and of course shareholders!) Ovato, one of New Zealand's


delisted following failure to pay the annual ASX listing fees per Listing Rule 17.15


we understand the company failed to pay to ASX Limited the annual listing fees for the year ending 30 June 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 Friday, 19 August 2022 would have its securities suspended from Official Quotation before the commencement of trading on Monday, 22 August 2022. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2023, and each entity's securities are already suspended from 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 Friday, 26 August 2022 will be removed from the Official List with effect from the close of trading on Friday, 26 August 2022.


The voluntary administrators have entered into an implementation deed with IVE Group. The parties agree to progress good faith negotiations for the signing of an asset sale agreement pursuant to which IVE would acquire all or substantially all, or a material part or parts of, the business or assets of Ovato and its subsidiaries. Clearance from the ACCC will be required in order for the proposed transaction to proceed.


The Directors of Ovato Ltd have today appointed Chris Hill, Ross Blakeley, and Ben Campbell of FTI Consulting as Voluntary Administrators to the company, effective immediately. The Administrators have been advised that ongoing volatile market conditions, the increased cost of raw materials, and legacy cost issues have continued to impact Ovato, leading to the difficult decision to appoint Administrators.


The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.3, following the appointment of Chris Hill, Ross Blakeley, and Ben Campbell of FTI Consulting as Voluntary Administrators of OVT.


The suspension of trading in the securities of Ovato Limited will be lifted from the commencement of trading on Tuesday, 29 December 2020, following the release by OVT of an announcement regarding the Supreme Court of New South Wales approving the Creditors' and Members' Schemes of Arrangement and the completion of an entitlement offer.


The company releases an Appendix 2A.


The Court has this morning approved the implementation of the Schemes. The Schemes will become effective today. As a result of the court approval, all conditions to the underwriting and sub-underwriting of the entitlement offer, details of which were announced to the market on 1 December 2020 have now been satisfied or waived. Sub-underwriting of the Entitlement Offer has been provided by the Hannan Family and Are Media. Following the participation of eligible existing shareholders of the Company in taking up their entitlements under the Entitlement Offer, the demand received from new and existing investors in the shortfall bookbuild undertaken for the Entitlement Offer and final allocations to the SubUnderwriters, the Entitlement Offer has successfully raised $40.0m in gross proceeds.


All underwriting and sub-underwriting conditions precedent that relate to the various restructuring workstreams have now been either satisfied or waived by all of the underwriters and sub-underwriters of the entitlement offer, other than for the final approval by the court of the creditors' scheme and member's schemes. The Court hearing to approve the creditors' scheme and members' schemes is scheduled to occur on 18 December 2020.


Ovato has been in discussions with ASX in relation to the Entitlement Offer and, as part of those discussions, applied for and has been granted a waiver by ASX from Listing Rule 7.11.3 of the ASX Listing Rules.


The company releases a shareholder letter to its ineligible shareholders.


The company releases its Entitlement Offer Booklet.


The company releases a Revised Investor Presentation.


The creditors' and member's meetings have now been held. At all member's meetings the proposed resolutions were passed unanimously. The key suppliers and statutory creditors in attendance and voting at the creditors' meeting unanimously voted in favour of the creditors' scheme of arrangement. ASX has agreed to grant a waiver to the operation of the ASX Listing Rules. Ovato has agreed to a suspension of trading of its ordinary shares until 29 December 2020, being the date when new shares proposed to be issued under the Entitlement Offer are expected to commence trading.


The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OVT, pending the release of an announcement regarding the pro rata renounceable entitlement offer announced to ASX on 1 December 2020.


name changed from PMP LIMITED

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    25/03/2020Dhun Karai100,000$0.013$1,300
    23/03/2020Michael Hannan21,000,000$0.011$232,906
    20/03/2019Michael Hannan200,000$0.094$18,821
    07/03/2019Michael Hannan127,817$0.095$12,106
    03/03/2019Michael Hannan599,570$0.085$50,863

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    Marcia Griffin16/02/1999
    Michael HannanChairman01/03/2017
    James HannanManaging Director, CEO04/06/2021
    John NicholsCOO01/01/2013
    Ian JonesCFO01/12/2021
    Ian FraserNon Exec Director04/04/2003
    Andrew McMasterNon Exec Director05/10/2018
    Alistair ClarksonCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    Dhun KaraiNon Exec Director01/06/201614/07/2022
    Paul YoungNon Exec Director04/04/202220/06/2022
    Andrew StedwellCFO01/02/202130/11/2021
    Kevin SlavenManaging Director, CEO01/12/201730/06/2021
    Geoffrey StephensonCFO31/05/201001/02/2021
    Matthew Bickford-SmithChairman20/07/200919/11/2019
    Terry SinclairNon Exec Director10/10/201719/11/2019
    Wai TangNon Exec Director10/10/201710/09/2019
    Stephen AnsticeNon Exec Director01/03/201701/05/2018
    Peter GeorgeManaging Director, CEO24/04/200901/12/2017
    Anthony CheongNon Exec Director04/03/201430/09/2017
    Naseema SparksNon Exec Director17/08/201031/07/2017
    Peter MarginNon Exec Director31/01/201224/08/2016
    Sik GohNon Exec Director17/08/201004/03/2014
    Richard AllelyManaging Director, CEO24/04/200919/10/2012
    Graham ReaneyChairman, Non Exec Director13/09/200318/11/2011
    Ng SiaDirector29/11/200717/08/2010
    Brian EvansManaging Director, CEO31/10/200528/01/2009
    James DonnelleyNon Exec Director03/06/199309/08/2007
    Don MorrisNon Exec Director04/06/199602/11/2006
    David KirkCEO04/03/200314/10/2005
    David FraserNon Exec Director01/08/200001/07/2003
    Robert MuscatExecutive Director, CEO12/10/199828/02/2003
    Peter ChegwynNon Exec Director16/10/2002
    Kenneth CowleyChairman07/03/2001

    Date of first appointment, title may have changed.