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12 September 2024
| Name: | P2P TRANSPORT LIMITED (P2P) |
| ISIN: | AU000000P2P6 |
| Date of Listing: | 13 December 2017 |
| Date of Delisting: | 26 February 2021 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 26 February 2021.Legal Status:
ACN: 617 760 899ABN: 77 617 760 899
Registration Date: 03 March 2017
Capital Gains Tax (CGT) Status:
To our knowledge this entity was delisted for reasons unrelated to either the takeover of its shares or the redemption of its securities. If you are seeking to crystallise a capital loss for tax purposes that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/. Any other enquiries relating to your securities should be followed up via our online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail
End of Administration | 05/03/2021 |
delisted from the close of trading on Friday, 26 February 2021, pursuant to Listing rule 17.15. | 26/02/2021 |
we understand the company failed to pay its annual listing fees by close of business on Friday, 26 February 2021 | 26/02/2021 |
Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Friday, 19 February 2021 will have its securities suspended from official quotation before the commencement of trading on Monday, 22 February 2021. The company has not paid the second instalment of its annual listing fees in respect of the year ending 30 June 2021 but the securities are already suspended from official quotation. | 22/02/2021 |
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 9 February 2021) | 15/02/2021 |
Creditors accepted a DOCA covering P2P and two subsidiaries, Taxi-Link Pty Ltd and TGT No 1 Pty Ltd, as proposed by Black & White Holdings Limited. It was the administrators' opinion that approving the DOCA was in the best interest of all creditors. The deed administrators of P2P advise that the DOC covering P2P and two subsidaries, TaxiLink Pty Ltd and TGT No 1 Pty Ltd, was executed on 9 February 2021. Tracy Lee Knight and Damien Lee Hou Lau now act as joint and several deed administrators of each of the three companies which are subject to the DOCA. | 15/02/2021 |
The company has entered voluntary administration brought about the COVID-19 crisis. P2P's Board of Directors has appointed Tracy Knight and Damien Lau of Bentleys Corporate Recovery as the voluntary administrators of the company as well as two of its subsidiaries, Taxi-Link Pty Ltd ACN 103 522 372 and TGT No 1 Pty Ltd ACN 160 154 209. The network division, Black & White Cabs has been recapitalised and will continue to operate as usual. | 03/12/2020 |
P2P Transport Limited welcomes the additional ongoing support by a group of existing investors in the Company, including Managing Director Greg Webb, by agreeing to take assignment of Westpac's debt and securities. The assignment completed 21 October 2020. The investor group has assumed Westpac's rights under the $4.1m banking facilities the Company previously held with Westpac. | 21/10/2020 |
The company has sold part of its business, Adflow, to Covertrue Group for consideration of $600,000. The digital taxi tops advertising segment of the Adflow business has been retained by P2P. Covertrue, an outdoor media specialist, has acquired the Adflow Taxi Back and Taxi Wrap advertising business as a going concern. The business was divested by P2P as it was not considered core business. The sale completed Friday 9 October 2020. The sale proceeds have been used to reduce debt and also to pay associated staff entitlements. | 12/10/2020 |
The company is in a dispute with Telstra Corporation Limited relating to Digital Taxi Top advertising units supplied by Telstra. Telstra has commenced proceedings in the Supreme Court of New South Wales against P2P Transport Limited and a subsidiary company Taxi-Link Pty Ltd regarding outstanding payments due to Telstra. | 10/08/2020 |
The Company is continuing to negotiate with various creditors and investigate financial assistance and restructuring alternatives. These negations and investigations are ongoing. The Company requests a further immediate suspension from quotation be granted by ASX Limited with respect to its Fully Paid Ordinary Shares. The suspension is anticipated to end upon the release of an announcement or the commencement of normal trading on Tuesday, 1 September 2020. | 03/08/2020 |
The company lodges its Quarterly Activity Report & Appendix 4C. | 31/07/2020 |
The company continues to negotiate with various creditors and investigate financial assistance and restructuring alternatives. Existing agreements with various creditors (including Westpac) came to an end on or about 30 April 2020 and the forbearance provided by Convertible Note Holders came to an end 30 June 2020. Negotiations to extend these arrangements are ongoing. The company requests the voluntary suspension remain in place until the earlier of the company making an announcement to the market or the commencement of normal trading on Monday, 3 August 2020. | 01/07/2020 |
The Company requests the voluntary suspension remain in place until the earlier of the Company making an announcement in relation to financial assistance and restructuring alternatives or the commencement of normal trading on Wednesday, 1 July 2020. | 01/06/2020 |
The company releases an Appendix 3G - Replacement Convertible Notes. | 25/05/2020 |
The company lodges its Quarterly Activity Report & Appendix 4C. | 29/04/2020 |
The Company requests the voluntary suspension remain in place until the earlier of the Company making an announcement to the market or the commencement of normal trading on Monday, 1 June 2020. | 29/04/2020 |
The Company anticipates the suspension will cease upon the release of an announcement by the Company or the commencement of normal trading on Wednesday, 29 April 2020. | 15/04/2020 |
The securities of P2P Transport Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of P2P, pending the release of an announcement regarding the impact caused by COVID-19 on P2P. | 01/04/2020 |
The securities of P2P Transport Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 11 November 2019 following lodgement of its Statutory Accounts for the year ended 30 June 2019. | 08/11/2019 |
The company releases its Appendix 4G and Corporate Governance Statement. | 08/11/2019 |
The company lodges its 2019 Annual Report. | 08/11/2019 |
The company lodges its Appendix 4C - Quarterly. | 01/11/2019 |
The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date. | 01/10/2019 |
listed entity carried for record purposes only | 13/12/2017 |
End of Administration | 05/03/2021 |
delisted from the close of trading on Friday, 26 February 2021, pursuant to Listing rule 17.15. | 26/02/2021 |
we understand the company failed to pay its annual listing fees by close of business on Friday, 26 February 2021 | 26/02/2021 |
Under Listing Rule 17.6, any entity (if not already suspended) that has not paid its annual listing fees by close of business on Friday, 19 February 2021 will have its securities suspended from official quotation before the commencement of trading on Monday, 22 February 2021. The company has not paid the second instalment of its annual listing fees in respect of the year ending 30 June 2021 but the securities are already suspended from official quotation. | 22/02/2021 |
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 9 February 2021) | 15/02/2021 |
Creditors accepted a DOCA covering P2P and two subsidiaries, Taxi-Link Pty Ltd and TGT No 1 Pty Ltd, as proposed by Black & White Holdings Limited. It was the administrators' opinion that approving the DOCA was in the best interest of all creditors. The deed administrators of P2P advise that the DOC covering P2P and two subsidaries, TaxiLink Pty Ltd and TGT No 1 Pty Ltd, was executed on 9 February 2021. Tracy Lee Knight and Damien Lee Hou Lau now act as joint and several deed administrators of each of the three companies which are subject to the DOCA. | 15/02/2021 |
The company has entered voluntary administration brought about the COVID-19 crisis. P2P's Board of Directors has appointed Tracy Knight and Damien Lau of Bentleys Corporate Recovery as the voluntary administrators of the company as well as two of its subsidiaries, Taxi-Link Pty Ltd ACN 103 522 372 and TGT No 1 Pty Ltd ACN 160 154 209. The network division, Black & White Cabs has been recapitalised and will continue to operate as usual. | 03/12/2020 |
P2P Transport Limited welcomes the additional ongoing support by a group of existing investors in the Company, including Managing Director Greg Webb, by agreeing to take assignment of Westpac's debt and securities. The assignment completed 21 October 2020. The investor group has assumed Westpac's rights under the $4.1m banking facilities the Company previously held with Westpac. | 21/10/2020 |
The company has sold part of its business, Adflow, to Covertrue Group for consideration of $600,000. The digital taxi tops advertising segment of the Adflow business has been retained by P2P. Covertrue, an outdoor media specialist, has acquired the Adflow Taxi Back and Taxi Wrap advertising business as a going concern. The business was divested by P2P as it was not considered core business. The sale completed Friday 9 October 2020. The sale proceeds have been used to reduce debt and also to pay associated staff entitlements. | 12/10/2020 |
The company is in a dispute with Telstra Corporation Limited relating to Digital Taxi Top advertising units supplied by Telstra. Telstra has commenced proceedings in the Supreme Court of New South Wales against P2P Transport Limited and a subsidiary company Taxi-Link Pty Ltd regarding outstanding payments due to Telstra. | 10/08/2020 |
The Company is continuing to negotiate with various creditors and investigate financial assistance and restructuring alternatives. These negations and investigations are ongoing. The Company requests a further immediate suspension from quotation be granted by ASX Limited with respect to its Fully Paid Ordinary Shares. The suspension is anticipated to end upon the release of an announcement or the commencement of normal trading on Tuesday, 1 September 2020. | 03/08/2020 |
The company lodges its Quarterly Activity Report & Appendix 4C. | 31/07/2020 |
The company continues to negotiate with various creditors and investigate financial assistance and restructuring alternatives. Existing agreements with various creditors (including Westpac) came to an end on or about 30 April 2020 and the forbearance provided by Convertible Note Holders came to an end 30 June 2020. Negotiations to extend these arrangements are ongoing. The company requests the voluntary suspension remain in place until the earlier of the company making an announcement to the market or the commencement of normal trading on Monday, 3 August 2020. | 01/07/2020 |
The Company requests the voluntary suspension remain in place until the earlier of the Company making an announcement in relation to financial assistance and restructuring alternatives or the commencement of normal trading on Wednesday, 1 July 2020. | 01/06/2020 |
The company releases an Appendix 3G - Replacement Convertible Notes. | 25/05/2020 |
The company lodges its Quarterly Activity Report & Appendix 4C. | 29/04/2020 |
The Company requests the voluntary suspension remain in place until the earlier of the Company making an announcement to the market or the commencement of normal trading on Monday, 1 June 2020. | 29/04/2020 |
The Company anticipates the suspension will cease upon the release of an announcement by the Company or the commencement of normal trading on Wednesday, 29 April 2020. | 15/04/2020 |
The securities of P2P Transport Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of P2P, pending the release of an announcement regarding the impact caused by COVID-19 on P2P. | 01/04/2020 |
The securities of P2P Transport Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 11 November 2019 following lodgement of its Statutory Accounts for the year ended 30 June 2019. | 08/11/2019 |
The company releases its Appendix 4G and Corporate Governance Statement. | 08/11/2019 |
The company lodges its 2019 Annual Report. | 08/11/2019 |
The company lodges its Appendix 4C - Quarterly. | 01/11/2019 |
The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date. | 01/10/2019 |
listed entity carried for record purposes only | 13/12/2017 |
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Purchases Sales
| DATE | DIRECTOR | NATURE | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|---|
| 03/05/2019 | Gregory Webb | 75,255 | $0.287 | $21,636 | |
| 01/05/2019 | Harry Katsiabanis | 24,083 | $0.300 | $7,225 | |
| 26/04/2019 | Gregory Webb | 124,745 | $0.285 | $35,552 | |
| 18/12/2017 | Thomas Varga | 64,000 | $1.300 | $83,200 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Chip Yeoh | Chairman | 13/12/2017 |
| John Dickson | CFO | 24/06/2019 |
| Gregory Webb | Executive Director, CEO | 03/08/2018 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Peter Cook | Independent Director | 13/12/2017 | 23/11/2020 |
| Harry Katsiabanis | Director | 13/12/2017 | 23/11/2020 |
| Matthew Reynolds | Chairman, Independent Director | 13/12/2017 | 23/04/2019 |
| Thomas Varga | Director, CEO | 13/12/2017 | 23/04/2019 |
Date of first appointment, title may have changed.
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