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ADVANCED ENGINE COMPONENTS LIMITED (ACE)

Former Name ASX

Former (or subsequent) names

Shareholder links

 

REGISTRY:

Automic Registry Services Level 5 126 Phillip Street Sydney NSW 2000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

Address: 108 Outram Street West Perth WA 6005
Tel:  08 9486 7244 Fax: 08 9463 6373

Date first listed: 21/02/2000
Company Secretary: Shannon Coatesas
Sector: Automobiles & Components Industry Group: XDJ
Activities: Research, development and production of patented electronic fuel injection and engine management technologies

name changed to Ookami Limited

20/01/2016

Advanced Engine Components Limited (ASX: ACE) is pleased to announce that ASX has granted the Company an extension from the 1 January 2016 deadline for automatic removal of long-term suspended entities under ASX's Guidance Note 33 Removal of Entities from the ASX Official List to 23 February 2016.

24/12/2015

Advanced Engine Components Limited (ASX: ACE) is pleased to announce that its Prospectus Offer has closed oversubscribed following excellent investor support from new investors. ACE raised a total of $3,700,000 (before costs) after accepting applications for 185,000,000 shares at $0.02 each.

24/12/2015

Advanced Engine Components Limited (ASX: ACE) advises the outcome of resolutions put to shareholders at the General Meeting (Meeting) held today, Thursday, 24 December 2015

24/12/2015

The company issues a supplementary prospectus (Supplementary Prospectus) intended to be read with the prospectus dated 23 November 2015 (Prospectus) issued by Advanced Engine Components Limited (ACN 009 081 770) (Company).

27/11/2015

Notice is given that the General Meeting of the Shareholders to which this Notice of Meeting relates will be held at 10:00 am (WST) on 24 December 2015 at: 108 Outram Street, West Perth WA 6005

24/11/2015

ACE is pleased to advise that ASX Limited (ASX) has granted the Company the following waivers in relation to the proposed Offers and the proposed acquisition of Investia Technologies Pty Ltd (Investia) as announced on 5 October 2015 (Acquisition): Waiver of Listing Rule 7.3.2; Waiver of Listing Rule 1.1 Condition 11; and Waiver of Listing Rule 2.1 Condition 2.

24/11/2015

The company issues a prospectus for an offer of 185,000,000 Shares at an issue price before costs (Offer).

23/11/2015

The company lodges its annual report for the year ended 30 June 2015.

19/11/2015

The company lodges its half-year financial report for the 6 months ended 31 December 2014.

19/11/2015

The company lodges its annual report for the year ended 30 June 2014.

19/11/2015

The company lodges its half-year financial report for the 6 months ended 31 December 2013.

19/11/2015

The company lodges its annual report for the year ended 30 June 2013.

19/11/2015

The company lodges its half-year financial report for the 6 months ended 31 December 2012.

19/11/2015

The company lodges its annual report for the year ended 30 June 2012.

19/11/2015

The company lodges its half-year financial report for the 6 months ended 31 December 2011.

19/11/2015

The company lodges its annual report for the year ended 30 June 2011.

19/11/2015

Investia Technologies lodges its FY 2015 Financial Statements.

19/11/2015

Investia Technologies lodges its FY 2014 Financial Statements.

19/11/2015

Investia Technologies lodges its FY 2013 Financial Statements.

19/11/2015

Advanced Engine Components Limited (ASX:ACE) provides a copy of its Trading Policy, in accordance with ASX Listing Rule 12.10.

15/10/2015

Advanced Engine Components Limited (ACE) is to acquire 100% of Investia Technologies Pty Ltd (Investia), a software as a service (SaaS) & financial services platform. ACE aims to seek to re-comply on the ASX as a technology company and to be renamed Ookami Limited.

05/10/2015

Notice is given that the final payment due under the terms of the Deed of Company Arrangement ("˜DOCA") has been received. Following payment of these funds, the DOCA was wholly effectuated on 23 September 2015

23/09/2015

The following entity (Advanced Engine Components 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

The company wishes to advise that the fully paid ordinary shares of the Company have been consolidated in accordance with Section 254H of the Corporations Act on a one (1) for forty (40) basis as approved by shareholders at the General Meeting of shareholders held on 5 June 2015.

20/06/2015

we understand that on or about this date the company consolidated its shares 1 for 40

17/06/2015

The company announces the results of its General Meeting held on 5 June 2015.

05/06/2015

refer to the appointment of Jack James as Deed Administrator of the Company on 24 October 2014. Update on Recapitalisation Proposal As previously advised, on 2 January 2015, the ASX advised that, following a review of the Company's announcements pertaining to the sale of its non-China business (announcement dated 6 March 2012) and the execution of a co-marketing and supply agreement (announcement dated 12 November 2013) (collectively the Disposal), it has determined that the Company breached listing rule 11.2 in that it did not obtain the required shareholder approval for the Disposal

23/03/2015

the Company accepted an ofer from Otsana Pty Ltd (Otsana) to recapitalise the Company via a deed of Company Arangement (DOCA). At a meeting of creditors held on 3 October 2014, creditors resolved that the Company execute a DOCA. The Company executed the DOCA with Otsana on 24 October 2014 (refer ASX announcement of 27 October 2014). Subsequent to the execution of the DOCA, Otsana has been in discusions with ASX to obtain the necesary regulatory approvals. On 2 January 2015, the ASX advised that, folowing a review of the Company's announcements pertaining to the sale of its non China busines (announcement dated 6 March 2012) and the execution of a co-marketing and supply agreement (announcement dated 12 November 2013) (colectively the Disposal), it has determined that the Company breached listing rule 1.2 in that it did not obtain the required shareholder approval for the Disposal. As a result, ASX has advised: ï‚· The Company is required to comply with listing rule 1.1.3 and meet the requirements of chapters 1 and 2 of the listing rules before the Company's securites can be reinstated to oficial quotation

07/01/2015

the Board has today appointed Mr Mark Summers and Mr Jack James of Palisade Business Consulting as joint and several Administrators of the Company and advises of a Recapitalisation Proposal

29/08/2014

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.

25/08/2014

To further reduce Advanced Engine Components Limited ("ACE" or "the Company) ongoing overheads and cash costs the company has signed a co-marketing and supply agreement ("Agreement") for its China business. This Agreement is an extension of the Business Sale Agreement signed in March 2012

12/11/2013

has entered into a conditional Term Sheet for a proposed acquisition in the alternative fuels market and recapitalisation of ACE

18/01/2013

As announced on 20 March 2012, Advanced Engine Components Limited completed the sale of its non-China business assets to Westport Innovations (Australia) Pty Ltd. ACE is still working through settlement of various matters associated with the transaction. In particular, certain former employees have lodged claims for additional redundancy entitlements. The company has made application to Fair Work Australia to reduce the former employee liabilities to the amounts already paid by the company. The matter will be considered by Fair Work Australia

03/09/2012

the Board advises that the Business Sale Agreement with Westport Innovations (Australia) Pty Ltd was completed today

20/03/2012

in December 2011, ACE signed a non binding, confidential term sheet to sell certain assets to Westport Innovations Inc or a subsidiary of that company. Since that date, negotiations and due diligence have continued to the stage where ACE and Westport Innovations (Australia) Pty Ltd ("the Purchaser") have today signed a Business Sale Agreement

06/03/2012

Advanced Engine Components Limited ("ACE") has progressed its negotiations in relation to the non binding, confidential, term sheet signed in December 2011. To allow negotiations, due diligence and preparation of formal documentation to continue the negotiating party has agreed to provide, interest free, secured interim bridging finance to ACE. All existing lenders to ACE have consented to the bridging finance with priority given over their existing security.

09/02/2012

Advanced Engine Components Limited ("ACE") has continued its negotiations with various parties. A non binding, confidential, term sheet has been signed with one of those parties. The term sheet is incomplete, is not an offer, can be withdrawn at any time and is conditional upon agreement from third parties that neither ACE nor the interested party have any control or influence. If the transaction proceeds it would involve the sale of certain assets. The amount and form of the consideration is subject to due diligence. Discussion and negotiation with the other parties will continue

19/12/2011

Advanced Engine Components Limited ("ACE") has been negotiating a cooperation agreement with a Chinese State Owned Enterprise ("SOE"). The CSOE technical due diligence was completed successfully. However the parties have been unable to agree commercial arrangements and negotiations have now ceased. The CSOE remain interested in pursuing engine developments and business opportunities with ACE in China

15/11/2011

ACE has been in negotiation and facilitated due diligence procedures with other parties interested in investing in ACE through equity, joint venture and/or product licensing. A natural gas components manufacturer in China has completed technical due diligence and advised of their interest in investing in ACE. They have arranged two parties to conduct commercial due diligence with the intent of one of those parties funding the transaction

15/11/2011

Advanced Engine Components Limited ("ACE") advised in an Update Announcement, released on 31 August 2011, that ACE remains reliant on the support of its secured lenders, employees and unsecured creditors to continue as a going concern

09/09/2011

the Board of ACE has subsequently become aware of a General Procedure Claim ("laim") lodged by lawyers on behalf of a former employee of ACE. The Claim was lodged with the Magistrates Court of Western Australia on 30 August 2011. The Claim was formally received by ACE on 8 September 2011 - The Claim is for $35,000 in respect of long service leave and redundancy entitlements. The Board of ACE is not prepared to make an immediate one off $35,000 payment in a manner that gives preference to a single employee over other employees or breaches the terms of ACE's current bridging finance arrangements

09/09/2011

Advanced Engine Components Limited ("ACE") has been negotiating exclusively with a large Chinese State Owned Enterprise ("SOE") for a period of three months. The exclusivity period expired on 25 August 2011 with completion of the CSOE's technical due diligence and commencement of commercial negotiations. Completion of the due diligence was later than expected due to the time taken for CSOE representatives to obtain Australian entry visa's. If a commercial resolution, satisfactory to both parties, can be achieved within the next 30 days it is expected that formal Board approvals, documentation and settlement will occur on or before 31 October 2011

31/08/2011

since February 2011, Advanced Engine Components Limited ("ACE" or "the Company") has been in ongoing discussions, negotiations and facilitated due diligence with a number of potential investors and/or joint venture partners. As a result of those negotiations ACE has agreed to deal exclusively with a large Chinese State Owned enterprise for a period of three months

09/06/2011

shares suspended from quotation pending an announcement

05/04/2011

former shareholders in this company may have unclaimed money arising from the compulsory acquisition of their shares (in conjunction with the sale of the Sprintex Division to Capital International in 2003) - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service

18/09/2007

shares reinstated to quotation

15/04/2005

lodges half yearly report and accounts

13/04/2005

the seven resolutions tabled at today's general meeting of shareholders, were passed on a show of hands

05/04/2005

calls general meeting of shareholders for 5 April 2005

03/03/2005

issues supplementary prospectus

02/03/2005

company resolves to extend the Closing Date of the Prospectus Offer for a further week to 28 February 2005

21/02/2005

quarterly cash flow to 31 December 2004 shows a negative operating cash flow of $652,000 and only $80,000 in cash remaining at the end of the period

01/02/2005

supplementary prospectus released to the market providing details of the extension of time for completion of the Offer (to 21 February 2005) by the Company and re-quotation of the Company's Shares on ASX (by 1 March 2005)

18/01/2005

ASX grants the company a waiver from listing rule 14.7 to the extent necessary to permit the company to issue up to a maximum of 34.1 million fully paid ordinary shares at an issue price of 20 cents each and 1.25 million options exercisable at 20 cents each on or before 30 June 2008, pursuant to Resolutions 9, 10, 11 and 12 of the company's Notice of Meeting and approved by shareholders at a meeting held on 8 September 2004 - to occur no later than 28 February 2005

31/12/2004

company resolves to extend the Closing Date of the prospectus for a further period of four weeks to Friday, 21 January 2005

24/12/2004

company resolves to extend the Closing Date of the prospectus for a further period of two weeks to Friday, 24 December 2004

10/12/2004

provides Notice of AGM and advises that shares are expected to regain quotation on 6 December 2004

22/10/2004

lodges prospectus with ASIC for a capital raising of $3.5m

20/10/2004

ASX grants waiver to Listing Rule permitting the company to make certain issues of capital by 8 December 2004

12/10/2004

lodges annual report

24/09/2004

we understand that on or about this date the company consolidated its shares 1 for 10

09/09/2004

all resolutions at today's general meeting were passed - trading in the reorganised securities, on a deferred settlement basis, is scheduled to commence on 9 September and end on 22 September

08/09/2004

lodges preliminary final report

31/08/2004

calls meeting for 8 September to consider proposals for a complete restructuring of the company

04/08/2004

company restructure is planned involving a one for ten consolidation, debt for equity swap and a placement of new shares to raise capital - details and notice of meeting to be sent to shareholders shortly - if all goes according to plan, this should eventually lead to the re-quotation of the company's shares

23/07/2004

cancels meeting called for 20 May - to re-consider

17/05/2004

provides operational update of its agreement with a Chinese vehicle manufacturer

17/05/2004

meeting called for 20 May to consider proposals for a consolidation of capital, reduction of capital and placement of shares

16/04/2004

lodges half yearly accounts

26/03/2004

AEC accepted a cancellation notice from Bullet Performance Products Pty Ltd after due consideration, and entered into a memorandum of understanding for the sale of the business to Weilian Pty Ltd A.C.N. 105 731 342 or its nominee - in terms of the agreement, the entire business including the intellectual property, trade marks, inventory and work-in-progess will be sold to Weilian Pty Ltd - AEC and Weilian Pty Ltd both agree to utilise their respective best endeavours to settle the sale and to transfer the business assets on 13 March 2004 and the agreed sales price of $625 000 is payable in cash on the same day

27/02/2004

a proposed restructure and recapitalisation will involve a consolidation of existing shares on a 1 for 10 basis, a conversion of $2.15 million existing debt to equity at 20 cents per share, a placement of 15 million shares at 20 cents per share (to raise $3 million) to a Chinese strategic investor and other sophisticated investors, a subsequent underwritten 1 for 2 rights issue to raise $2.5 million at 30 cents per share and the conversion of a further $3.3 million of debt at 30 cents per share - it is believed the Company should then comply with the ASX Listing Rules thus enabling the company shares to be reinstated on ASX

05/02/2004

company advises market of the release of some 11m shares from escrow in December 2002 and various issues of shares in 2001 and 2002 - whoops

09/12/2003

announces it has signed a Co-operation Agreement with the research and development arm of a Chinese vehicle and engine manufacturer

07/11/2003

AGM to be in Malaga, WA on 28 Nov

23/10/2003

company files annual report and advises it has been successful in selling its High Performance Engine Products (Sprintex) Division

17/10/2003

shares suspended from quotation

28/10/2002

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

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    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Peter WallNon Exec Director27/10/2015

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Nick NtoumenopoulosNon Exec Director27/10/201526/11/2015
    Nicholas YoungNon Exec Director05/06/201527/10/2015
    Graham KeysNon Exec Chairman09/05/200305/06/2015
    Tony MiddletonManaging Director15/03/199705/06/2015
    Albert PunNon Exec Director28/11/200605/06/2015
    Manharlal GathaniNon Exec Director18/02/201005/06/2015

    Date of first appointment, title may have changed.