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03 December 2024
| Name: | RIVERCITY MOTORWAY GROUP (RCY) |
| Date of Listing: | 03 August 2006 |
| Date of Delisting: | 31 December 2015 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 31 December 2015.Legal Status:
ACN: 116 665 304ABN: 99 116 665 304
Registration Date: 14 October 2005
Deregistration Date: 17 September 2019
Capital Gains Tax (CGT) Status:
This entity was deregistered on 17 September 2019. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.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:
Link Market Services Limited Sydney
Level 12, 680 George Street
Sydney NSW 2000
Tel : 61 1300 554 474
Fax : 02 9287 0303
RegistryWebsite RegistryEmail
a loss declaration of sorts has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2018/19 | 30/07/2018 |
delisted from the close of trading on Thursday, 31 December 2015, pursuant to Listing rule 17.12 and Guidance Note 33 | 31/12/2015 |
we understand that it is ASX policy to automatically remove from the official list any entity whose securities have been suspended from trading for a continuous period of 3 years | 31/12/2015 |
The company releases amending deeds to constitution. | 23/12/2015 |
The Liquidators continue to be involved with the Class Action with the trial listed for August/September 2016. | 23/10/2015 |
The company releases a circular to creditors. | 18/09/2015 |
The Liquidators continue to be involved with the Class Action. The original trial date of 7 September 2015 for the proceedings has been vacated and is now listed for August/September 2016. | 08/07/2015 |
The Liquidators continue to be involved with the Class Action and other proceedings. The trial for these proceedings is currently listed to commence on 1 September 2015. Any further update on the administration will be communicated to the unitholders in the next quarterly announcement | 03/02/2015 |
at concurrent meetings of creditors held on 8 July 2014, creditors of the ten companies in the RCY Group resolved to wind up each company. Michael Owen, Christopher Hill and Stephen Parbery of PPB Advisory were appointed Liquidators of all companies in the RCY Group | 18/07/2014 |
administrators advise of an extension of Convening Period and Other Orders | 12/12/2013 |
administrators provide a Status Update to Shareholders as at 30 September 2013 | 23/10/2013 |
administrators position with regard to RCY securities is unchanged (there is unlikely to be any return to unitholders irrespective of actual or forecasts of traffic volumes) | 24/01/2013 |
second meeting of creditors is to be convened by 18 Dec 2012 | 05/12/2012 |
administrators position with regard to RCY securities is unchanged | 09/11/2012 |
administrators confirm there is unlikely to be any return to unitholders irrespective of actual or forecasts of traffic volumes | 25/10/2011 |
administrators provide an update | 01/09/2011 |
Administrators report there will be no distributions from the trusts during the financial year to 30 June 2011 | 04/08/2011 |
Mirvac Ltd bought 50,801,974 Rivercity Motorway Management Ltd stapled units on June 30, 2011, becoming a substantial shareholder with 50,801,974 units (5.31%). | 04/07/2011 |
the second meeting of creditors (per court order) need not be convened until 18 December 2012 | 21/03/2011 |
the securities of RiverCity Motorway Group (the "Group") will be suspended from quotation immediately, in accordance with listing rule 12.2, following the appointment of voluntary administrators to all entities within the Group and receivers to certain entities within the Group | 25/02/2011 |
Michael Owen, Stephen Parbery and Christopher Hill of PPB Advisory are appointed Voluntary Administrators of all entities within the RiverCity Motorway Group - the Group's debt syndicate subsequently appointed Martin Madden and David Merryweather of KordaMentha as receivers to some of the entities | 25/02/2011 |
a loss declaration of sorts has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2018/19 | 30/07/2018 |
delisted from the close of trading on Thursday, 31 December 2015, pursuant to Listing rule 17.12 and Guidance Note 33 | 31/12/2015 |
we understand that it is ASX policy to automatically remove from the official list any entity whose securities have been suspended from trading for a continuous period of 3 years | 31/12/2015 |
The company releases amending deeds to constitution. | 23/12/2015 |
The Liquidators continue to be involved with the Class Action with the trial listed for August/September 2016. | 23/10/2015 |
The company releases a circular to creditors. | 18/09/2015 |
The Liquidators continue to be involved with the Class Action. The original trial date of 7 September 2015 for the proceedings has been vacated and is now listed for August/September 2016. | 08/07/2015 |
The Liquidators continue to be involved with the Class Action and other proceedings. The trial for these proceedings is currently listed to commence on 1 September 2015. Any further update on the administration will be communicated to the unitholders in the next quarterly announcement | 03/02/2015 |
at concurrent meetings of creditors held on 8 July 2014, creditors of the ten companies in the RCY Group resolved to wind up each company. Michael Owen, Christopher Hill and Stephen Parbery of PPB Advisory were appointed Liquidators of all companies in the RCY Group | 18/07/2014 |
administrators advise of an extension of Convening Period and Other Orders | 12/12/2013 |
administrators provide a Status Update to Shareholders as at 30 September 2013 | 23/10/2013 |
administrators position with regard to RCY securities is unchanged (there is unlikely to be any return to unitholders irrespective of actual or forecasts of traffic volumes) | 24/01/2013 |
second meeting of creditors is to be convened by 18 Dec 2012 | 05/12/2012 |
administrators position with regard to RCY securities is unchanged | 09/11/2012 |
administrators confirm there is unlikely to be any return to unitholders irrespective of actual or forecasts of traffic volumes | 25/10/2011 |
administrators provide an update | 01/09/2011 |
Administrators report there will be no distributions from the trusts during the financial year to 30 June 2011 | 04/08/2011 |
Mirvac Ltd bought 50,801,974 Rivercity Motorway Management Ltd stapled units on June 30, 2011, becoming a substantial shareholder with 50,801,974 units (5.31%). | 04/07/2011 |
the second meeting of creditors (per court order) need not be convened until 18 December 2012 | 21/03/2011 |
the securities of RiverCity Motorway Group (the "Group") will be suspended from quotation immediately, in accordance with listing rule 12.2, following the appointment of voluntary administrators to all entities within the Group and receivers to certain entities within the Group | 25/02/2011 |
Michael Owen, Stephen Parbery and Christopher Hill of PPB Advisory are appointed Voluntary Administrators of all entities within the RiverCity Motorway Group - the Group's debt syndicate subsequently appointed Martin Madden and David Merryweather of KordaMentha as receivers to some of the entities | 25/02/2011 |
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I still own some shares in this delisted coy. Can I claim a loss to offset a CGT on some other shares in 2023? | 11/04/2023 10:15:01 |
Can we look at sueing the incompetent directors and Executives who are probably living a life of luxury!! \n\nJohn Zaccardo | 29/06/2017 21:07:27 |
when can I expect to be able to claim a capital loss on my Rivercity shares? | 03/04/2017 19:58:16 |
Am i in the running for some sort of return of my shares holding \n\nRegards Aldo & Mary Caruana \n\naldoc.m35@gmail.com \n\nLot 149 The parc, 2 Inland drive ,Tugun,Qld 4224 | 15/02/2017 10:46:43 |
return to shareholders extremely unlikely according to the information posted on the Creditors section of the PBB advisory website. Latest update on 29/09/2016. | 04/11/2016 15:27:57 |
am I in the running for some sort of return of my share holding | 03/08/2016 13:39:13 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Robert Morris | Non Exec Chairman, Independent Director | 03/05/2006 |
| Mark Snape | CEO | 24/01/2012 |
| Ken MacDonald | Independent Director | 26/09/2008 |
| Bernard Rowley | Independent Director | 26/09/2008 |
| Peter Hollingsworth | Independent Director | 26/09/2008 |
| John Barry | Non Exec Director | 17/09/2008 |
| David Howell | Non Exec Director | 21/07/2010 |
| Peter Hicks | Non Exec Director, Alternate Director | 26/09/2008 |
| Michael Owen | Administrator | 25/02/2011 |
| Steve Parbery | Administrator | 25/02/2011 |
| Chris Hill | Administrator | 25/02/2011 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Christine Hayward | CFO | 09/10/2006 | 13/12/2013 |
| Flan Cleary | CEO | 23/10/2006 | 31/01/2012 |
Date of first appointment, title may have changed.
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