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Last 20 companies delisted from ASX |
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| COMPANY | DATE DELISTED | REASON |
| CREDIBLE LABS INC. (CRD) | 18 Oct 19 | we understand all of the issued capital in CRD was acquired by Fox Corporation for the consideration of A$2.21 cash per CDI and for a stockholder A$55.25 per share of common stock |
| E3SIXTY LIMITED (E3S) | 14 Oct 19 | we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years |
| CLEVELAND MINING COMPANY LIMITED (CDG) | 04 Oct 19 | we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years |
| GOCONNECT LIMITED (GCN) | 04 Oct 19 | we understand this company failed and ASX removed the company from listing because its securities have not been quoted for more than three years |
| RURALCO HOLDINGS LIMITED (RHL) | 01 Oct 19 | we understand Agrium Australia Pty Ltd (a wholly-owned subsidiary of Nutrien Ltd and related body corporate of Landmark Operations Limited) acquired all of the issued shares in RHL for the cash consideration of $3.56 a share - a special dividend of 84 cents cash per RHL share was also paid on 30 September 2019 to shareholders entitled to receive it |
| AUTOMOTIVE HOLDINGS GROUP LIMITED. (AHG) | 27 Sep 19 | we understand AP Eagers Limited was successful with an offer of one AP Eagers share for every 3.6 AHG shares |
| ZAMANCO MINERALS LIMITED (ZAM) | 27 Sep 19 | we understand this company has no operations and ASX removed the company from listing because its securities have not been quoted for more than three years |
| CBG CAPITAL LIMITED (CBC) | 25 Sep 19 | we understand Clime Capital Limited (CAM) was successful with an offer of 0.8441 CAM shares and 0.2740 CAM notes for each CBC share |
| KIDMAN RESOURCES LIMITED (KDR) | 24 Sep 19 | we understand Wesfarmers Lithium Pty Ltd acquired all of the issued shares in KDR for the consideration of $1.90 cash per share |
| PROGRESS 2010-1 TRUST (POB) | 13 Sep 19 | we understand the Class A Secured Mortgage Backed Pass Through Notes due 12 December 2040 and Class AB Secured Mortgage Backed Pass Through Notes due 12 December 2040 (ASX Code: POBHA and POBHB) were fully redeemed on 12 September 2019 |
| CHALMERS LIMITED (CHR) | 12 Sep 19 | we understand Qube Logistics (Aust) Pty Ltd was successful with an offer of either 2.31 shares in Qube Holdings Limited for each Chalmers share or $6.50 cash for each Chalmers share |
| OCEANIA CAPITAL PARTNERS LIMITED (OCP) | 12 Sep 19 | we understand the company delisted because of low levels of trading on ASX, concentrated shareholdings, many small shareholders, no foreseeable need for capital, concern by investing targets for ASX disclosure requirements and the costs and administrative burden of the listing - prior to delisting the company bought back 5,427,350 shares for a total consideration of $12,482,905 |
| MEDALLION TRUST SERIES 2014-2 (MZB) | 11 Sep 19 | we understand the Class A1 Mortgage Backed Floating Rate Securities due 26 October 2046 (ASX Code: MZBHA) of Medallion Trust Series 2014-2 were redeemed and MZB had no remaining notes |
| IAB HOLDINGS LIMITED (IAB) | 06 Sep 19 | we understand shareholders approved the delisting and voluntary winding up of the company which paid a fully franked dividend of 29c a share on 7 January 2019, made a distribution of 50c a share on 19 February 2019 and expects to pay a final distribution of between 6c to 7.5c per share in late November 2019 |
| LEGEND CORPORATION LIMITED (LGD) | 02 Sep 19 | we understand Greenland BidCo, a company owned by funds managed by Adamantem Capital, was successful with an offer of $0.295 cash per Legend share - a special dividend of $0.07 a share was also paid to Legend shareholders |
| SPOTLESS GROUP HOLDINGS LIMITED (SPO) | 30 Aug 19 | we understand the company delisted because the continued listing incurred considerable corporate and administrative costs, trading in the ordinary shares of Spotless has had a low level of liquidity over a significant period and the fact that only two shareholders collectively hold 99.44% of the ordinary shares |
| AUSTEX OIL LIMITED (AOK) | 28 Aug 19 | we understand this company failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list |
| AIRXPANDERS, INC. (AXP) | 28 Aug 19 | we understand this company failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list |
| BOJUN AGRICULTURE HOLDINGS LIMITED (BAH) | 28 Aug 19 | we understand this company failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list |
| CBL CORPORATION LIMITED (CBL) | 28 Aug 19 | we understand this company failed to pay its annual listing fee on due date and ASX has accordingly removed it from the official list |
Approximately 10,000 companies have been delisted from the Australian Stock Exchange (or the state-based exchanges), Newcastle Stock Exchange and Bendigo Stock Exchange over the past 100 odd years, or have had their name changed.
These companies, the date and the reason for the delisting, feature on our website.
As far as is possible, our record for delisted companies is "frozen" at the point of delisting from an exchange. Depending on company developments after delisting, you may find current items in "News & Events" within the company record. You should realise other data within the company record may no longer be valid; the company may subsequently have changed its legal status and even be deregistered. If deregistered, it has ceased to exist.
Why was your company delisted?
Most companies are delisted either because they are acquired by another company, they merge with another company or they have solvency problems and go in to administration.
Shareholders should also note that entities do change their name and many have had multiple names. They are then of course listed under their new name and no longer under their previous name.
According to the Australian Stock Exchange Listing Rules, a company may be removed from the official list:
If it asks to be removed (ASX may impose conditions).
If in the opinion of ASX:
It breaks a listing rule or is unwilling or unable to comply with a rule
It has no quoted securities
It is appropriate for some other reason
Following the issue of compulsory acquisition notices and previous suspension of securities under Listing Rule 17.4 or Listing Rule 17.4A.
Its securities have been suspended from quotation for more than three years.
If it fails to pay listing fees.
Note that you can view the detail of these listing rules by clicking here.
Delisting and company failure
The majority of companies are delisted because of takeover, merger, illiquidity of their securities, withdrawal because of listing costs and failure.
Company failure also lies behind many "changes of activity" where companies fail with one activity and formally adopt another. Sometimes a change of name reflects an attempt to disassociate from past failures. Both are classic cases of failure masked by events other than a delisting. The share price usually reflects these failures.
Many small companies fail and actually go into administration, where they are reconstructed and recapitalised. They later emerge with either the same name or a different name. If not delisted, there is hardly any sign of the failure. Only the shareholders concerned are painfully aware. Their capital has been savagely diluted and their shares are practically worthless.
Larger companies that fail such as Pasminco, HIH Insurance, ABC Learning, Babcock & Brown, are of course eventually delisted.
Finding your company
If your company has been delisted there are three ways of finding it:
Search by code (see box above right) Search by company name (see box above left) Click on the appropriate letter of the alphabet (see the alphabet index above)
If you are unable to find your company or the information is incomplete or incomprehensible we recommend you send us a message and we will try to assist.
Please bear in mind we are unable to help with private companies, public companies that have never been listed or with companies domiciled outside Australia or New Zealand. The Australian Securities and Investments Commission on 1300 300 630 or the NZ Companies Office on 0508 266 726 may be able to assist you with other companies.
Download delisted companies 1996-2018
Please click on the appropriate year below to see in csv format, companies delisted in that calendar year along with the date, official ASX reason and our explanation for the delisting. (Note that our explanation includes the amount of consideration payable to shareholders where a company has been taken over or merged.)
