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05 October 2024
| Name: | PLANET PLATINUM LIMITED (PPN) | ||||||
| Date of Listing: | 01 May 2003 | ||||||
| Date of Delisting: | 09 March 2016 | ||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 09 March 2016.Legal Status:
ACN: 101 217 252
This entity was placed in liquidation on 01 December 2015.Capital Gains Tax (CGT) Status:
This entity is in liquidation, its securities in our opinion, are of little or no value. Previously listed entities that enter external administration, rarely provide a distribution to shareholders unless the winding up is for reasons other than corporate failure. If you are still a holder of securities and seek to realise a capital loss for Capital Gains Tax (CGT) purposes you will need to wait until the liquidator has issued a declaration of loss (a CGT Event) or the entity is deregistered (a CGT Event) or the entity recovers. (Once an entity “progresses” to the liquidation stage, deListed is unable to acquire its securities.).
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 |
|---|---|---|
| PLANET PLATINUM LIMITED | 23/06/2004 | |
| DAILY PLANET LIMITED (THE) | 23/06/2004 |
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
Liquidators recently paid a 1.5 c/share distribution to shareholders. They expect a further distribution to shareholders, but this is dependent on the return from the liquidation of a related entity. | 22/12/2021 |
Liquidators advise that they are not at a stage in the liquidation where they can issue a loss statement with respect to Planet Platinum Ltd - to date, shareholders have received distributions totalling 42.50 cents per share. A further and final return to shareholders of approximately 1 to 3 cents per share is anticipated within the next 12 months. Exact timing of the final dividend is dependent on the recovery of a debtor amount from a related entity, Daily Planet Australia Pty Ltd which is also in liquidation. | 15/12/2020 |
we understand the liquidators made three distributions to shareholders in calendar year 2017 totalling 35 cents a share - they were to make a further distribution of 5 cents a share in early 2018 and anticipated another 2 to 3 cents a share, timing uncertain | 31/12/2017 |
delisted from the commencement of trading on Tuesday, 9 March 2016, pursuant to Listing rule 17.12. | 09/03/2016 |
we understand ASX can exercise its discretion to delist a company under Listing Rule 17:12 and has done so in this case because the company is in liquidation and its securities have been suspended for more than three years | 09/03/2016 |
John Lindholm of Ferrier Hodgson is appointed as Liquidator of Planet Platinum | 01/12/2015 |
The provisional liquidator of the company confirms the completion of his investigation into the affairs of Planet Platinum and lodged the report with the Supreme Court of Victoria. | 22/09/2015 |
Provisional liquidator issues a letter to the shareholders of the company regarding the confidential report filed. Said report is not available to shareholders. The matter is currently listed to be heard before the Court on 18 September 2015. | 10/09/2015 |
The provisional liquidator requested and was granted a report submission extension. | 04/09/2015 |
The appointed provisional liquidator made an application to the court for additional time to complete investigations and report findings. He was granted an extension of time to submit the report by 31 August 2015. | 28/07/2015 |
The company previously lodged an application with the ASIC regarding a relief. After considering the application, ASIC extended the period within which the Company must hold its 2015 AGM until 11 January 2016. | 21/07/2015 |
The company releases a letter to its shareholders about the suspension of trading, capital gains tax, reporting and annual general meeting relief, legal proceedings, investigations, and the estimated outcome for shareholders. | 18/06/2015 |
provisional liquidator appointed | 12/06/2015 |
administrators appointed | 04/05/2015 |
Planet Platinum Limited advises that a General Meeting of the shareholders of the Company will be held on Thursday 6 June 2013. This General Meeting of shareholders arises out of the vote by shareholders at the Annual General Meeting whereby more than 25 per cent of votes cast were for the non-approval of the 2012 Remuneration Report. As this result mirrored the voting in respect to the 2011 Remuneration Report it constituted a 'second strike' leading to a 'spill' resolution which was passed by shareholders and giving effect to the General Meeting that is to be held on 6 June 2013 | 07/05/2013 |
The securities of Planet Platinum Limited (the "Company") will be suspended from quotation immediately, pending the appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001. Security Code: PPN | 08/03/2013 |
The suspension of trading in the securities of Planet Platinum Limited (the "Company") will be lifted at the commencement of trading on Monday, 11 February 2013, following the receipt of the Company" Annual Report for the year ended 30 June 2012 and an announcement applying for reinstatement today. Security Code: PPN | 08/02/2013 |
The Board of Directors of Planet Platinum Limited advise that the Hearing into alleged breaches of the Liquor Control Reform Act 1998 ("the Act") at the ShowGirls Bar20 Club as conducted by the Company at 46 King Street, Melbourne, has been completed and the Tribunal Vice President, Judge Macnamara, has handed down Orders dated 5 November 2012. By the Orders the Tribunal has imposed a fine of $10,000.00 on the Company | 12/11/2012 |
The Board of Directors of Planet Platinum Limited advise that the Hearing into alleged breaches of the Liquor Control Reform Act 1998 ("the Act") at the ShowGirls Bar20 Club as conducted by the Company at 46 King Street, Melbourne, has been completed and the Tribunal Vice President, Judge Macnamara, has handed down Orders dated 5 November 2012. By the Orders the Tribunal has imposed a fine of $10,000.00 on the Company | 09/11/2012 |
securities suspended following failure to lodge full year accounts to 30 June 2012 | 01/10/2012 |
The suspension of trading in the securities of Planet Platinum Limited (the "Company") will be lifted at the commencement of trading tomorrow, 31 July 2012, following the receipt of the Company" Annual Report for the year ended 30 June 2011 together with the Half Year Accounts for the period ended 31 December 2011 and an announcement applying for reinstatement today | 30/07/2012 |
releases financial reports | 13/07/2012 |
In July 2011 the Supreme Court of Victoria Appeal Judge, Mr Justice Kyrou, set aside an Order issued by the Victorian Civil and Administrative Tribunal ("VCAT") Senior Member, R Davies, in relation to the Licence of Showgirls Bar 20. Since that time various discussion have been held resulting in the Victoria Police deciding that it wishes to bring matters again before VCAT and which led to a Directions Hearing being held on 26 March 2012 before Deputy President C Aird. Arising from the Directions Hearing this proceeding is listed for Hearing on 20 August 2012. | 11/04/2012 |
quite unbelievable - this company suspended almost 5 months ago - and since then a complete absence of advice to shareholders from their directors, Messrs Trimble, Callanan and Micovski | 29/03/2012 |
suspended from quotation following failure to lodge financial reports | 03/10/2011 |
securities reinstated to quotation | 24/07/2009 |
suspended from quotation pending a response to an ASX query | 01/07/2009 |
name changed from Daily Planet Limited (The) | 23/06/2004 |
Liquidators recently paid a 1.5 c/share distribution to shareholders. They expect a further distribution to shareholders, but this is dependent on the return from the liquidation of a related entity. | 22/12/2021 |
Liquidators advise that they are not at a stage in the liquidation where they can issue a loss statement with respect to Planet Platinum Ltd - to date, shareholders have received distributions totalling 42.50 cents per share. A further and final return to shareholders of approximately 1 to 3 cents per share is anticipated within the next 12 months. Exact timing of the final dividend is dependent on the recovery of a debtor amount from a related entity, Daily Planet Australia Pty Ltd which is also in liquidation. | 15/12/2020 |
we understand the liquidators made three distributions to shareholders in calendar year 2017 totalling 35 cents a share - they were to make a further distribution of 5 cents a share in early 2018 and anticipated another 2 to 3 cents a share, timing uncertain | 31/12/2017 |
delisted from the commencement of trading on Tuesday, 9 March 2016, pursuant to Listing rule 17.12. | 09/03/2016 |
we understand ASX can exercise its discretion to delist a company under Listing Rule 17:12 and has done so in this case because the company is in liquidation and its securities have been suspended for more than three years | 09/03/2016 |
John Lindholm of Ferrier Hodgson is appointed as Liquidator of Planet Platinum | 01/12/2015 |
The provisional liquidator of the company confirms the completion of his investigation into the affairs of Planet Platinum and lodged the report with the Supreme Court of Victoria. | 22/09/2015 |
Provisional liquidator issues a letter to the shareholders of the company regarding the confidential report filed. Said report is not available to shareholders. The matter is currently listed to be heard before the Court on 18 September 2015. | 10/09/2015 |
The provisional liquidator requested and was granted a report submission extension. | 04/09/2015 |
The appointed provisional liquidator made an application to the court for additional time to complete investigations and report findings. He was granted an extension of time to submit the report by 31 August 2015. | 28/07/2015 |
The company previously lodged an application with the ASIC regarding a relief. After considering the application, ASIC extended the period within which the Company must hold its 2015 AGM until 11 January 2016. | 21/07/2015 |
The company releases a letter to its shareholders about the suspension of trading, capital gains tax, reporting and annual general meeting relief, legal proceedings, investigations, and the estimated outcome for shareholders. | 18/06/2015 |
provisional liquidator appointed | 12/06/2015 |
administrators appointed | 04/05/2015 |
Planet Platinum Limited advises that a General Meeting of the shareholders of the Company will be held on Thursday 6 June 2013. This General Meeting of shareholders arises out of the vote by shareholders at the Annual General Meeting whereby more than 25 per cent of votes cast were for the non-approval of the 2012 Remuneration Report. As this result mirrored the voting in respect to the 2011 Remuneration Report it constituted a 'second strike' leading to a 'spill' resolution which was passed by shareholders and giving effect to the General Meeting that is to be held on 6 June 2013 | 07/05/2013 |
The securities of Planet Platinum Limited (the "Company") will be suspended from quotation immediately, pending the appointment of sufficient directors to comply with section 201A(2) of the Corporations Act 2001. Security Code: PPN | 08/03/2013 |
The suspension of trading in the securities of Planet Platinum Limited (the "Company") will be lifted at the commencement of trading on Monday, 11 February 2013, following the receipt of the Company" Annual Report for the year ended 30 June 2012 and an announcement applying for reinstatement today. Security Code: PPN | 08/02/2013 |
The Board of Directors of Planet Platinum Limited advise that the Hearing into alleged breaches of the Liquor Control Reform Act 1998 ("the Act") at the ShowGirls Bar20 Club as conducted by the Company at 46 King Street, Melbourne, has been completed and the Tribunal Vice President, Judge Macnamara, has handed down Orders dated 5 November 2012. By the Orders the Tribunal has imposed a fine of $10,000.00 on the Company | 12/11/2012 |
The Board of Directors of Planet Platinum Limited advise that the Hearing into alleged breaches of the Liquor Control Reform Act 1998 ("the Act") at the ShowGirls Bar20 Club as conducted by the Company at 46 King Street, Melbourne, has been completed and the Tribunal Vice President, Judge Macnamara, has handed down Orders dated 5 November 2012. By the Orders the Tribunal has imposed a fine of $10,000.00 on the Company | 09/11/2012 |
securities suspended following failure to lodge full year accounts to 30 June 2012 | 01/10/2012 |
The suspension of trading in the securities of Planet Platinum Limited (the "Company") will be lifted at the commencement of trading tomorrow, 31 July 2012, following the receipt of the Company" Annual Report for the year ended 30 June 2011 together with the Half Year Accounts for the period ended 31 December 2011 and an announcement applying for reinstatement today | 30/07/2012 |
releases financial reports | 13/07/2012 |
In July 2011 the Supreme Court of Victoria Appeal Judge, Mr Justice Kyrou, set aside an Order issued by the Victorian Civil and Administrative Tribunal ("VCAT") Senior Member, R Davies, in relation to the Licence of Showgirls Bar 20. Since that time various discussion have been held resulting in the Victoria Police deciding that it wishes to bring matters again before VCAT and which led to a Directions Hearing being held on 26 March 2012 before Deputy President C Aird. Arising from the Directions Hearing this proceeding is listed for Hearing on 20 August 2012. | 11/04/2012 |
quite unbelievable - this company suspended almost 5 months ago - and since then a complete absence of advice to shareholders from their directors, Messrs Trimble, Callanan and Micovski | 29/03/2012 |
suspended from quotation following failure to lodge financial reports | 03/10/2011 |
securities reinstated to quotation | 24/07/2009 |
suspended from quotation pending a response to an ASX query | 01/07/2009 |
name changed from Daily Planet Limited (The) | 23/06/2004 |
Your browser may reflect a date of printing in American format.
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| John Trimble | Executive Chairman, CEO, Company Secretary | 03/07/2002 |
| John Callanan | Director | 26/08/2011 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Nick Pitliangas | Director | 04/04/2012 | 07/03/2013 |
| Dragan Micovski | Director | 29/08/2008 | 04/04/2012 |
Date of first appointment, title may have changed.
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