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PIVOTAL SYSTEMS CORPORATION INC. (ASX.PVS)

ASX Announcements (courtesy of ASX)

201820192020202120222023

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names

 

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

 

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

Company details
ISIN: AU0000013468
Address: C/- Incorporating Services Ltd, 3500 South Dupont Highway, DOVER, DEL, UNITED STATES OF AMERICA, 19901
Tel:  +1 (510) 770 9125

Date first listed: 02/07/2018
Company Secretary: Naomi Dolmatoff

Sector: Semiconductors & Semiconductor Equipment
Activities: Developer and provider of gas flow control solutions to the semiconductor industry

delisted at entity's request under Listing Rule 17.11

21/11/2023

we understand that in the merger with OmegaX, Pivotal shareholders and CDI holders on the register on the Record Date (being 7:00 pm Sydney time on 16 November 2023) were entitled to receive the Merger Consideration, being A$0.0001 per share/CDI in cash

21/11/2023

The Company announces that the merger with OmegaX is now effective. Pivotal shareholders and CDI holders on the register on the Record Date (being 7:00 pm Sydney time on 16 November 2023) will be entitled to receive the Merger Consideration, being A$0.0001 per share/CDI in cash. The Merger Consideration will be paid promptly following Pivotal's removal from the official list of ASX.

21/11/2023

The securities of Pivotal Systems Corporation will be suspended from quotation immediately under Listing Rule 17.2, at the request of PVS, pending its removal from the Official List of ASX, following PVS's announcement on 13 November 2023 that it has entered into a binding merger agreement to be acquired by OmegaX, Inc., a California corporation.

14/11/2023

The suspension of trading in the securities of Pivotal Systems Corporation will be lifted immediately following the release by PVS of an announcement regarding the results of its Institutional Entitlement Offer.

17/04/2023

The Company has successfully completed the institutional component of the 4 for 1 accelerated pro rata renounceable entitlement offer of new CHESS Depositary Interests in the Company at a price of A$0.008 per New CDI, to raise approximately up to A$5,100,000. Approximately A$3.78 million (US$2.53) of commitments were received during the Institutional Entitlement Offer for a total of 473.7 million New CDIs representing shares of common stock in the Company. The Institutional Offer is now closed. The Retail Entitlement Offer opens on Thursday, 20 April 2023 and closes on Tuesday, 2 May 2023.

17/04/2023

The company releases a notification of cessation of securities.

13/04/2023

The company releases a notice of application for quotation of securities.

13/04/2023

The company releases a notice of proposed issue of securities.

12/04/2023

The company releases an investor presentation on equity raising and business update.

11/04/2023

The company releases a clensing notice in relation to the CHESS Depositary Interests issued under accelerated renounceable prorata entitlement offer.

11/04/2023

The company releases a notice of proposed issue of securities.

11/04/2023

Accelerated renounceable pro-rata entitlement offer to raise gross proceeds of up to approximately A$5.1 million (US$3.4 million1). New CDIs/Shares to be issued at A$0.008 per New CDI/Share, representing a 69.2% discount to the last closing price of A$0.026 on Friday, 31 March 2023 (AEDT), a 70.8% discount to the 5-day VWAP2 and a 33.3% discount to TERP3. The offer will comprise an accelerated Institutional Entitlement Offer and a Retail Entitlement Offer to eligible security holders. Proceeds from the equity raising will be used for working capital and general corporate purposes and to cover the costs of the offer. Major shareholder Anzu Partners has committed to take up its full pro-rata entitlement of A$0.9 million of securities and an additional A$0.58 million of shortfall and major shareholder Viburnum Funds has committed to take up a minimum of A$0.5 million. Certain Directors and senior management have also committed to take up their full pro rata entitlements. Board to be refreshed in conjunction with the Entitlement Offer. The Entitlement Offer is being joint lead managed by Foster Stockbroking and JP Equity. Pivotal has suspended de-listing plans from ASX indefinitely. The Company will host an investor conference call at 11.00am AEST (6.00pm PST) on 12 April 2023 with Mr. Kevin Hill, CEO and Mr. Ron Warrington, CFO. Details for the call are on page 5 of this announcement.

11/04/2023

The securities of Pivotal Systems Corporation will remain suspended from quotation under Listing Rule 17.2, at the request of PVS, pending the release of an announcement regarding financing for the company.

04/04/2023

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 3 April 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 31 March 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

03/04/2023

listed entity carried for record purposes only

02/07/2018
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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    14/06/2022Peter McGregor100,000$0.215$21,500
    07/03/2022John Hoffman22,200$0.545$12,099
    06/11/2020John Hoffman40,000$0.800$32,000
    28/11/2018Kevin Landis55,749$1.799$100,316
    27/11/2018Kevin Landis150,000$1.720$258,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    NAMETITLEDATE OF APPT
    Joseph MonkowskiPresident, Executive Director02/07/2018
    Ronald WarringtonCFO30/08/2021
    Kevin HillExecutive Director, CEO01/06/2022
    Kevin LandisDirector02/07/2018
    David MichaelDirector02/07/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jason KormanNon Exec Director06/12/202113/06/2023
    Peter McGregorIndependent Director23/08/201810/04/2023
    Ryan BentonDirector02/07/201810/04/2023
    John HoffmanExecutive Chairman02/07/201831/12/2022
    Michael BohmCFO01/06/202120/08/2021
    Timothy WelchCFO06/06/201901/06/2021
    Dennis MahoneyCFO05/06/202029/05/2021
    Omesh SharmaCFO02/07/201805/06/2020

    Date of first appointment, title may have changed.