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WATERMARK MARKET NEUTRAL FUND LIMITED (WMK)

Delisted from ASX 29/04/2019

SHARE PRICES

(updated weekly)

Former (or subsequent) names

 

Shareholder links

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

 

REGISTRY:
Boardroom Pty Ltd, Level 12, 225 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

Address: Level 23 Governor Phillip Tower 1 Farrer Place Sydney NSW 2000
Tel:  (02) 9252 0225 Fax: (02) 9252 1220

Date first listed: 18/07/2013
Company Secretary: Tim Bolger
Sector: N/A Industry Group: 
Activities: Investment predominately in listed Australian securities

delisted from the close of trading on Monday, 29 April 2019 pursuant to Listing rule 17.11.

29/04/2019

we understand by way of a scheme of arrangement WMK was converted from a listed company to an unlisted trust with each WMK shareholder receiving $0.863 of Watermark Absolute Return Fund Units for each WMK share they held

29/04/2019

The scheme of arrangement with its shareholders has been implemented today. As part of the scheme of arrangement each WMK shareholder will receive 0.863 of Watermark Absolute Return Fund Units for each WMK share they hold.

23/04/2019

The company releases a letter to its shareholders regarding the scheme booklet which outlined the proposal to convert WMK from a listed company to an unlisted trust. At a scheme meeting held on the 8th of April, Shareholders approved the Scheme proposal. The Federal Court of Australia has subsequently approved the Scheme, which is now legally effective. The scheme is expected to be implemented on 23 April 2019.

16/04/2019

The scheme of arrangement became legally effective on 11 April 2019. On 26 March 2019, the Company announced that the final NTA and Scheme Consideration had been calculated in accordance with the ASX Listing Rules and Australian Accounting Standards as $0.863 per WMK share. On 8 April 2019, WMK shareholders voted in favour of the scheme of arrangement and the capital reduction necssary to give effect to the scheme. The Federal Court of Australia made orders on 11 April 2019 approving the scheme, which is expected to be implemented on 23 April 2019. Upon implementation. Shareholders will be issued with 0.863 units in the Watermark Absolute Return Fund per WMK share and their WMK shares will be cancelled.

12/04/2019

The securities of Watermark Market Neutral Fund Limited will be suspended from quotation at the close of trading today, Thursday, 11 April 2019, in accordance with Listing Rule 17.2, following lodgement of the Federal Court of Australia orders with the Australian Securities and Investments Commission approving the scheme of arrangement between WMK and its shareholders under which the Watermark Absolute Return Fund (the "˜Fund'), an unlisted unit trust, will acquire all of the assets of WMK in exchange for WMK's shareholders receiving units in the Fund.

11/04/2019

listed entity carried for record purposes only

18/07/2013

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    10/04/2019John Abernethy30,000$0.855$25,650
    07/05/2018Justin Braitling20,000$0.840$16,800
    09/04/2018Justin Braitling35,757$0.840$30,036
    06/04/2018Justin Braitling63,523$0.847$53,772
    05/04/2018Justin Braitling50,000$0.850$42,500

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Daniel BroerenDirector23/04/2019
    Justin BraitlingDirector28/05/2013
    Timothy BolgerDirector23/04/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Matthew KidmanChairman28/05/201323/04/2019
    John AbernethyIndependent Director07/06/201323/04/2019
    Robert FergusonIndependent Director07/06/201323/04/2019
    Stephen van EykIndependent Director07/06/201323/04/2019

    Date of first appointment, title may have changed.