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RUBICOR GROUP LIMITED (RUB)

Delisted from ASX 02/03/2020

SHARE PRICES

(discontinued 17 July 2020)

Former (or subsequent) names

 

Shareholder links

Our website ranking of RUB: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare, Level 3, 60 Carrington Street, Sydney NSW 2000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 2 8235 8150
RegistryWebsite RegistryEmail

Company details

Address: Level 24, 68 Pitt Street, Sydney NSW 2000
Tel:  (02) 8061 0000 Fax: (02) 8061 0001

Date first listed: 15/06/2007
Company Secretary: Sharad Loomba
Sector: Commercial Services & Supplies
Industry Group: XNJ
Activities: The Company is a recruitment group offering search, selection, bulk recruitment, professional and support level contracting services and organisational development

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 17 April 2020)

04/06/2020

delisted from the commencement of trading on 2 March 2020 pursuant to Listing rule 17.12.

02/03/2020

we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years

02/03/2020

At the 1 November 2019 reconvened second meeting of creditors, it was resolved that all Australian entities within the Rubicor Group be placed into liquidation. As a result Joanne Dunn & John Park of FTI Consulting were appointed Liquidator.

01/11/2019

On Monday 23 September 2019, the Administrators executed an Asset Sale Agreement with Salt Recruitment Group Limited whereby Salt agreed to acquire the following: all issued shares in Rubicor Hong Kong Limited (the company operating the Xpand business in Hong Kong); all issued shares in Rubicor Group Pte Ltd (the company operating the Xpand business in Singapore); and the intellectual property and contracts of Xpand Group Pty Ltd (the company operating the Xpand business in Australia).

24/09/2019

On Monday 9 September 2019, the Concurrent Second Meeting of Creditors was adjourned to Wednesday 11 September 2019. At the 11 September 2019 reconvened meeting, creditors of Rubicor Group Limited voted against a proposal for a Deed of Company Arrangement for Rubicor Group Limited. The Reconvened Meeting for the Group was further adjourned for a period up to 45 business days from Monday 9 September 2019.

13/09/2019

The administrators issued their report to creditors on 2 September 2019. In the report, the administrators express that, in their opinion, it is in the creditors' interests for the group to execute the DOCAs proposed by Polygon Talent. The second meetings of creditors will be held on Monday, 9 September 2019. Registration from 11:45PM with the meeting commencing at 12:00PM. The meeting will be held at Queensland - FTI Consulting, Central Plaza One, Level 20, 345 Queen Street, BRISBANE QLD 4000, New South Wales - Karstens, Level 1, 111 Harrington Street, SYDNEY NSW 2000 and Victoria - FTI Consulting, Bourke Place, Level 21, 600 Bourke Street, MELBOURNE VIC 3000.

03/09/2019

Joanne Dunn and John Park of FTI Consulting were appointed Joint and Several Voluntary Administrators of Rubicor Group Limited and all of its Australian subsidiaries by the Board of Directors on 5 August 2019.

06/08/2019

The directors have today appointed FTI Consulting as voluntary administrator of Rubicor Group and all of its Australian subsidiaries. After exploring a number of options, the directors believe this step will provide the best opportunity to protect the future of the business and the interests of its clients and employees.

06/08/2019

The company is working with its auditors to finalise its half year financial statements for the period ended 31 December 2018. This is no reflection of business operations or performance or indeed any irregularities, rather we're simply delayed. Once Financial Statements are finalised and lodged with ASX, RUB will request ASX to reinstate trading in RUB's ordinary shares.

12/03/2019

The company's securities will be suspended from official quotation following failure to lodge the relevant periodic report by the duee date.

01/03/2019

The suspension of trading in the securities of Rubicor Group Limited (the "Company") will be lifted immediately, following the Company" announcement in relation to the outcome of the Company" discussions with its lender. Security Code: RUB

21/12/2012

As explained at the time Rubicor went into voluntary suspension and disclosed to the market at the recent AGM, the Company has been progressing discussions with ANZ with a view to restructuring the debt of the Company and an associated recapitalisation. Rubicor is pleased to announce that it has now reached an exclusive agreement with the bank for a framework to pursue this restructure. The agreement targets completion by the end of March 2013. While terms of the agreement are confidential, the proposal would involve the purchase of ANZ's existing debt at a substantial discount. This purchase would be funded by debt from a new financier accompanied by an equity capital raising to ensure the long term stability and future growth potential of Rubicor. Rubicor continues to appreciate the ongoing support of ANZ as this proposal is pursued. Whilst the framework has been agreed, there is no certainty as to the form and terms of any definitive transaction and there is no certainty that any such transaction will complete. Negotiations are progressing with regard to the provision of debt by a new financier but there will be a number of conditions to be satisfied, including completion of due diligence. The outcome of the proposal, including the amount of the new debt and the amount and terms of any capital raising, is uncertain at this stage and this means that there is significant uncertainty about the future capital structure of Rubicor after the implementation of any proposal. For these reasons, the Board recommends that shareholders exercise caution in relation to any decisions they make about their Rubicor shares and recommends that they consult their financial advisor if appropriate. The Company will keep the market informed about the proposal as it develops.

21/12/2012

group requests that the voluntary suspension of the securities of RUB granted by ASX on Monday 26 November 2012 continues

07/12/2012

The securities of Rubicor Group Limited (the "Company") will be suspended from quotation immediately under listing rule 17.2, at the request of the Company, pending the release of an announcement in relation to the Company's discussions with its lender regarding the Company's lending facilities

26/11/2012

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    30/11/2017David Hutchison147,500$0.037$5,498
    30/11/2017David Hutchison15,000$0.036$540
    13/11/2017David Hutchison39,850$0.040$1,581
    24/10/2017David Hutchison50,000$0.040$2,000
    30/06/2017David Hutchison83,606$0.046$3,840

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    David HutchisonExecutive Chairman, CEO22/06/2015
    Sharad LoombaCEO01/05/2007
    Sue TurkCOO15/01/2013
    Brent WallCFO02/09/2015
    Angus MasonNon Exec Director20/08/2015

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jay AdcockCFO24/07/201730/11/2018
    Peter LewisNon Exec Chairman22/06/201520/08/2015
    George MiltenyiNon Exec Director22/06/201520/08/2015
    John PettigrewNon Exec Chairman02/03/200722/06/2015
    Kevin LevineCEO, CFO01/07/200522/06/2015
    Russel PillemerNon Exec Director10/09/200422/06/2015
    Steven HatchNon Exec Director03/09/201318/05/2015
    Robert AitkenNon Exec Director06/05/200503/09/2013
    Jane BeaumontExecutive Director, CEO29/01/200916/01/2013

    Date of first appointment, title may have changed.