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AGRICULTURAL LAND TRUST (AGJ)

Suspended from ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

Shareholder links

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

 

REGISTRY:

Computershare, Level 5, 115 Grenfell Street, Adelaide SA 5000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

Address: evel 16, Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000
Tel:  +61 2 8277 0000 Fax: (08) 8425 6088

Date first listed: 10/04/2003
Company Secretary: Mr Frank Tearle
Sector: Real Estate Industry Group: XFJ
Activities: Property Investment

The Trust will be holding its meeting at 2:00pm AEST on Friday, 25 September 2020 at Level 16, Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000.

31/08/2020

One Managed Investment Funds Limited today announces its results for the year ended 30 June 2020. The release of the Fund's 30 June 2020 Annual Report ends the voluntary suspension requested by the Fund on 13 July 2020. The voluntary suspension was necessary to allow OMIFL to assess the implications of the receivership of iProsperity Underwriting Pty Ltd. The highlights are as follows: revenue from the sale of timber increased from $0.9 million to $1.5 million, despite the current pause in harvesting activities;an 11% increase in the value of Linkletter's Place to $39.6 million; the extension of its core debt by a further two years; and securing a two-year unsecured facility to assist with paying interest while harvesting activities at Linkletter's Place are paused.

31/08/2020

The company releases its Appendix 4G & Corporate Governance Statement 2020.

31/08/2020

The company lodges its Annual Report to unitholders for the year ended 30 June 2020.

31/08/2020

The company lodges its Appendix 4E - Financial Report - 30 June 2020.

31/08/2020

One Managed Investment Funds Limited has been informed that voluntary administrators have been appointed to iProsperity Underwriting Pty Ltd. This appointment is in addition to and does not displace the appointment by AGJ Group of a receiver to iProsperity Underwriting Pty Ltd. The responsible entity continues to seek information from IPU to better understand the implications for the Trust. AGJ is seeking to secure alternative sources of funding and to reduce expenditure where possible given the potential total loss of the margin income from IPU and the temporary loss of the timber harvest income.

17/07/2020

The securities of Agricultural Land Trust will be suspended from quotation immediately under Listing Rule 17.2, at the request of AGJ, pending the release of an announcement regarding the status of the receivership of iProsperity Underwriting Pty Limited and its implications for the financial status of AGJ.

13/07/2020

The suspension of trading in the securities of Agricultural Land Trust will be lifted from the commencement of trading on Monday, 9 March 2020 following the release by AGJ of an announcement regarding a change in circumstances which may impact on the 31 December 2019 interim financial report.

09/03/2020

One Managed Investment Funds Limited announces a change in circumstances which may have an impact on the Agricultural Land Trust's interim financial statements announced to the market on 2 March 2020. The interim financial statements announced to the market on 2 March 2020, were prepared on the basis that the full amount of interest payable as of 29 February 2020 had been paid by iPU to the Group for value on 2 March 2020. OMIFL relied on representations and evidence provided to it by iPU that the interest was to be paid to the Group for value on 2 March 2020. Contrary to these representations and evidence, the actual amount of interest received by the Group was substantially less. The ALT Group has advised iPU that it considers it is in default under the various loan agreements. OMIFL continues to seek information from iPU to allow it to determine the appropriate carrying values of the outstanding interest and the loans and to seek payment of the outstanding interest.

09/03/2020

The securities of Agricultural Land Trust will be suspended from quotation immediately under Listing Rule 17.2, at the request of AGJ, pending the release of an announcement regarding the finalisation of investigations in relation to the recently announced financial statements.

04/03/2020

name changed from Westralia Property Trust

02/07/2008

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Michael SutherlandExecutive Director01/10/2019
    Frank TearleDirector04/07/2014

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Justin EpsteinChairman04/07/201401/10/2019
    Elizabeth ReddyDirector04/07/201426/10/2018
    Tom PascarellaChairman31/12/201204/07/2014
    Peter ZachertNon Exec Director02/07/200704/07/2014
    Robert WalterNon Exec Director28/05/201004/07/2014
    Ian WiggGeneral Manager01/11/200718/01/2013
    Maxwell OrmsbyDirector23/01/200931/12/2012

    Date of first appointment, title may have changed.