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PLATINUM AUSTRALIA LIMITED (PLA)

Delisted from ASX 01/09/2015

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 

Shareholder links

 

REGISTRY:
Computershare, Level 11, 172 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

Address: Level 3, 18 Richardson Street, WEST PERTH, WA, AUSTRALIA, 6005
Tel:  08 9324 1491 Fax: 08 9226 4259

Date first listed: 09/10/2000
Company Secretary: Gillian Swaby
Sector: Materials
Industry Group: XMJ
Activities: Platinum and palladium exploration and development in Australia and Southern Africa

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 2 November 2015)

05/02/2016

delisted from the close of trading on Monday, 31 August 2015 the company was removed from the Official List pursuant to Listing rule 17.15

01/09/2015

we understand this entity did not pay its listing fees because it failed and is in administration

01/09/2015

The following entity (Platinum Australia Limited) has not paid their annual listing fees in respect of the year ending 30 June 2016 but the securities are already suspended from official 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 Monday 31 August 2015 will be removed from the official list with effect from the close of trading on Monday 31 August 2015

25/08/2015

Following completion of the Share Sale Agreement with Great Lakes Capital Management Inc., the Deed Administrator is seeking expressions of interest from parties for the potential restructure and recapitalisation of the Company. The Deed Administrator is unable to declare that there are reasonable grounds to believe there is no likelihood shareholders will receive any distribution in the course of the administration. Accordingly, a capital loss is unable to be claimed for taxation purposes at this time.

08/06/2015

the Deed Administrator is currently considering the potential recapitalisation of the Company and in this regard, expressions of interest are being sought from parties interested in submitting an offer to recapitalise the Company

06/02/2015

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Friday 22 August 2014 is to be suspended from official quotation before the commencement of trading on Monday 25 August 2014. The company has not paid its annual listing fees in respect of the year ending 30 June 2015 but is already suspended from official quotation. In accordance with listing rule 16.5, entities that pay their annual listing fees on or after 22 August 2014 must pay by bank cheque only. 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 EST on Friday 29 August 2014 will be removed from the official list with effect from the close of trading on Friday 29 August 2014.

25/08/2014

on 17 July 2014, the Company executed a Share Sale Agreement ("˜SSA') with Great Lakes Capital Management Inc. ("˜Great Lakes') for the sale of the Company's shares in Smokey Hills Platinum Mining (Mauritius), Stella Platinum Mining (Mauritius) and Platinum Australia SA (Pty) Ltd ("˜the Subsidiaries')

21/07/2014

the Australian Securities and Investments Commission (ASIC) has made conditional orders relieving the Company from compliance with its financial reporting requirements under Part 2M.3 of the Corporations Act 2001 (Cth) (Act), including relief from preparing and lodging audited financial reports for the financial year ended 30 June 2013 and the half year ended 31 December 2013 until the earlier of: "¢ 30 September 2014; or "¢ the date of termination of the deed of company arrangement between the Company and the Deed Administrator.

02/04/2014

The Deed Administrator of PLA announces that it is at an advanced stage of discussions for a sale of PLA's assets with Great Lakes Capital Management Inc. ("˜Great Lakes'). The parties have executed a Heads of Agreement ("˜HOA') outlining the key elements of the proposed transaction that will be used to guide the preparation of binding transaction documents that are in the process of being negotiated

25/03/2014

PLA and Jubilee Platinum plc (Jubilee) have reached a mutual decision to terminate the Implementation Deed originally entered into by the parties on 25 February 2013, in relation to the proposed acquisition by Jubilee of 100% of the ordinary shares in PLA by way of a scheme of arrangement (Implementation Deed). The parties have decided to terminate the Implementation Deed as they do not believe that the transaction as contemplated in the Deed can be completed under the current market conditions. As a consequence of the termination, the adjourned meeting of PLA shareholders that was noted in PLA's announcement of 30 July 2013 will not proceed

14/03/2014

The company has not paid its annual fees in respect of the year ending 30 June 2014 but are already suspended from official quotation. In accordance with listing rule 16.5, entities that pay their annual listing fees on or after 23 August 2013must pay by bank cheque only. 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 EST on Thursday 29 August 2013 will be removed from the official list with effect from the close of trading on Thursday 29 August 2013.

23/08/2013

the dispatch of the Scheme Booklet, together with a proxy form and share election form, to all PLA shareholders was completed yesterday 1 July 2013. The Scheme Booklet, that was released in full by PLA on ASX on 21 June 2013 and is available on PLA" website http://www.platinumaus.com.au/, outlines the proposed scheme of arrangement under which Jubilee Platinum plc (Jubilee) will acquire all of the shares on issue in PLA (the Scheme)

02/07/2013

The Deed Administrator is pleased to announce that late yesterday, 20 June 2013, PLA received orders from the Federal Court of Australia (the Court) to hold a meeting of PLA shareholders (Scheme Meeting) to consider and vote on the implementation of the proposed scheme of arrangement under which Jubilee Platinum plc (Jubilee) will acquire all of the shares in PLA (the Scheme), as announced to the market on 17 December 2012. If the Scheme is approved, PLA shareholders will receive Jubilee shares in the form of CDIs unless they make an election to receive Jubilee shares, which Jubilee will apply to have listed on ASX

21/06/2013

As announced to the market on 11 June 2013, the previous contract mine operator at the Smokey Hills Mine, Westdawn Investments (Proprietary) Limited t/a JIC Mining Services (JIC), issued an application for the winding up of PhokaThaba Platinum (Pty) Ltd (PhokaThaba) with respect to a dispute concerning payments under the mining contract between PhokaThaba and JIC. The Deed Administrator is pleased to announce that a full and final settlement of all claims between the parties has been agreed under which PhoktaThaba pays JIC R3,500,000 (A$370,561) and the application by JIC has been withdrawn.

20/06/2013

As previously advised to the market, in January 2012 PLA subsidiary PhokaThaba Platinum (Pty) Ltd (PhokaThaba) took over as operator of the Smokey Hills Mines from Westdawn Investments (Proprietary) Limited t/a JIC Mining Services (JIC). Following termination of JIC" contract PhokaThaba advised JIC of its claim for outstanding payments. JIC disputed the PhokaThaba claim, advised it had outstanding claims and further requested PhokaThaba make certain payments to its creditors, which JIC stated it was unable to pay. PhokaThaba declined to pay the JIC creditors and advised JIC that the dispute should be properly settled through the arbitration process set out in the Mining Services Agreement between the parties.

11/06/2013

a further update on the status of the merger of PLA with Jubilee Platinum plc (Jubilee) by scheme of arrangement as announced on 17 December 2012.

29/05/2013

an update on the status of the merger of PLA with Jubilee Platinum plc (Jubilee) by scheme of arrangement as announced on 17 December 2012. There have been some delays in the expected timing of the implementation of the Scheme as the parties are exploring and potentially restructuring the funding requirements of the merged entity. As a result, the parties have agreed to extend the End Date set out in the Implementation Deed for implementation of the Scheme to 31 July 2013 (previously 30 June 2013)

22/05/2013

the Deed Administrator advises PLA and Jubilee Platinum plc (Jubilee) have executed an Implementation Deed to merge the two companies

25/02/2013

releases 2012 Full Year Statutory Accounts (P

14/02/2013

There has been a strong level of interest from parties with multiple offers received for both an acquisition of all or some of the Company" assets as well as for a recapitalisation and restructure of the Company. It is anticipated that short listed parties will commence further due diligence over the next month or so. It is still likely the realisation and restructure program will take a further 3 to 6 months to be completed

12/10/2012

At the reconvened second meeting of creditors of the Company held on Friday, 5 October 2012, creditors resolved that the Company execute a Holding Deed of Company Arrangement ("Holding DOCA").

12/10/2012

The securities of Platinum Australia Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

27/06/2012

reinstatement to quotation

28/12/2011

shares suspended from quotation at the request of the company pending an announcement

21/12/2011

reinstatement to quotation

17/11/2011

shares suspended from quotation at the request of the company pending an announcement

10/11/2011

reinstatement to quotation

28/05/2009

shares suspended from quotation at the request of the company pending an announcement

27/05/2009

reinstatement to quotation

02/02/2009

shares suspended from quotation pending an announcement

29/01/2009

reinstatement to quotation

16/12/2004

shares suspended from quotation pending an announcement

15/12/2004

ASX Announcements (courtesy of ASX)

 

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Loading comments....  Most recent comments

As a shareholder in platinum Australia have I got any shares in Great Lakes capital ?

25/03/2019 13:10:14

Who can I contact about Platinum Australia Limited- South Africa branch about the Rooderand Project?

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I am doing a BSc HONS research project

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C.Blignaut

08/03/2017 01:35:15

after rights issue. to expand the company  share holders kept in the dark. about real problems internal within the company   shows  directors were not. as.  straight forward as should be.    the whole drama.  as I seen it played out.  even the so called merger. with. jubilee   no real. deal.  as hinged. on. good faith.  and maybe they did not have full  disclosure   on company  as  they  later tried to change the deal   after maybe  findings  regards   the company as   all the blue sky     painted   by directors     then to top that they could not face the share holders at the meeting       as. resigned. for all share holders   yet another kick in the teeth.  then to top that liquidator. thanking them. for their supervises.  as a disgruntled share holder. whom lost . .   only one. thing. come to mind.  What. a  load. of. crap   could not arrange. a piss up in. a brewery.    directors. where credit. is due.     but.  is this case.     better. asking a blind man. for directions. they could not even face the music. at the meeting. 

08/04/2016 16:42:00
What\'s going on with PLA?\nWhat\'s the PLA to concern about shares holder? 15/02/2016 18:51:10

How can I contact the Administrator? want to confirm if there is any change to my holding. 

14/01/2016 19:06:32

Hi as the end of the financial year is fast approaching I would like to know if shareholders can expect any return from this company to enable a loss to be carried forward.

Also what is the companys obligation to provide timely information to shareholders.


thankyou

John

20/04/2015 11:47:54
Is there any further news about the last 'move' with PLA?
16/01/2014 10:18:55

Thank youfor your email enquiry. 

PlatinumAustralia Limited is currently in Administration.

On 4 September 2013the Administrators advised 'To hold all Transfers/Changes of Addresses' etc aspending. Therefore no processing is to be performed by Computershare.

If you haveany further queries, please contact us on the number below.

Yours sincerely,

Investor Centre

Computershare Investor Services

14/10/2013 16:43:18

Company Updates

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Gavin FergusonCOO27/06/2011
    David NeillCFO29/05/2006

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    John LewinsManaging Director, CEO03/05/200122/12/2014
    Peter AllchurchNon Exec Chairman21/06/200027/07/2014
    Michael BlakistonNon Exec Director21/06/200018/07/2013
    William HansenNon Exec Director21/01/200411/05/2012
    Eric HughesNon Exec Director30/06/200029/04/2011
    Carel HeerdenNon Exec Director19/03/200713/11/2007
    Christopher DaviesNon Exec Director24/08/200101/10/2004
    Geoff FennerNon Exec Director06/12/200201/10/2004
    Allan MulliganNon Exec Director28/02/200301/10/2004
    Albert JamiesonNon Exec Director27/08/200117/01/2003
    Riccardo VittinoNon Exec Director07/08/200020/08/2002

    Date of first appointment, title may have changed.