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AJ LUCAS GROUP LIMITED (AJL)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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

 

REGISTRY:

Computershare Adelaide
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

ISIN: AU000000AJL1
Address: Level 22 167 Eagle Street BRISBANE QLD 4000
Tel:  +61 7 3363 7333Fax: +61 2 9490 4200

Date first listed: 10/08/1999

Sector: Capital Goods Industry Group: XNJ
Activities: Engineering and construction of gas, oil and electricity distribution, water and sewerage systems and telecommunications networks

News & Events

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The suspension of trading in the securities of AJ Lucas Group Limited will be lifted prior to the commencement of trading on Friday, 5 January 2018 following lodgement of the Company's announcement titled, "Placement and Entitlement Offer Announced".

05/01/2018

As a result of the review undertaken by the company, the company is undertaking a placement to raise gross proceeds of up to approximately A$22 million, and a pro rata entitlement offer in the second half of January. It is also amending certain provisions of othe US$45 million senior loan notes facility. AJL is also evaluating a number of incomplete proposals to sell the Engineering and Construction division.

05/01/2018

The company requires additional time to finalise the proposed investment and associated agreements therefore it requests that the suspension of its securities remain in place until commencement of trading on 5 January 2018 unless before that time the Company makes an announcement regarding the proposed investment.

04/01/2018

The securities of AJ Lucas Group Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement regarding a proposed investment in the Company.

29/12/2017

The suspension of trading in the securities of AJ Lucas Group Limited (the "Company") will be lifted prior to the commencement of trading on Monday, 21 March 2016 following lodgement of the Company's announcement in relation to completion of the institutional component of the Entitlement Offer.

21/03/2016

AJ Lucas successfully completes Institutional Entitlement Offer. This had strong support from AJ Lucas shareholders, raising approximately $14.4 million for AJ Lucas, with approximately 86% of entitlements available to eligible institutional shareholders taken up. Settlement of the Institutional Entitlement Offer will take place on Wednesday, 30 March 2016, with the New Shares to commence trading on the ASX on Thursday, 31 March 2016. The retail component of the Entitlement Offer will open at 9.00am (Sydney time) on Thursday, 24 March 2016 and close at 5.00pm (Sydney time) on Tuesday, 26 April 2016.

21/03/2016

The company releases an ASX notice about its partially underwritten 3 for 8 accelerated non-renounceable entitlement offer of new shares at an issue price of $0.21 per new share to raise approximately $21.1 million

17/03/2016

The company releases a cleansing statement regarding the pro rata accelerated non-renounceable entitlement offer. The Entitlement Offer comprises a retail component, to be offered to retail shareholders with a registered address in Australia and New Zealand and an institutional component, to be offered to institutional shareholders in Australia, New Zealand, United Kingdom, and Hong Kong and potentially other jurisdictions as determined by AJL.

17/03/2016

The company releases an investor presentation regarding its capital raising.

17/03/2016

AJ Lucas Group Limited today announced it is undertaking a 3 for 8 pro-rata accelerated non-renounceable entitlement offer to eligible shareholders to raise approximately $21.1 million.

17/03/2016

The securities of AJ Lucas Group Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement concerning a proposed equity raising.

16/03/2016

the suspension of trading in the securities of AJ Lucas Group Limited (the "Company") will be lifted before the commencement of trading on 28 December 2011, following receipt of announcements regarding the Company's recapitalisation

23/12/2011

shareholders vote to approve each of the resolutions in relation to the Recapitalisation Proposal tabled at today's Extraordinary General Meeting - the Entitlement Offer to shareholders will now proceed - eligible shareholders are entitled to participate in an underwritten 1 for 2 non-renounceable pro rata entitlement offer for ordinary shares at an offer price of $1.35 per new fully paid Entitlement Share to raise approximately $51.3 million

22/12/2011

the company has today lodged with the Australian and Securities & Investments Commission a Prospectus dated 15 December 2011. The prospectus has a number of purposes: ? a 1 for 2 non-renounceable pro-rata entitlement offer to raise approximately $51.3 million; ? the trading of shares issued under the placement to Kerogen in September 2011; and ? the trading of shares that may be issued following any exercise of the options to be granted (subject to shareholder approval at the EGM to be held on 22 December 2011) to Kerogen and funds managed by Goldman Sachs

15/12/2011

announce the award of a gas drainage contract by Xstrata Coal for approximately $240 million. The contract is for three years commencing March 2012 and provides surface to seam gas drainage services at Xstrata's Oaky North, Oaky One and Newlands coal mines

09/12/2011

resolutions considered at the AGM were carried by a show of hands

30/11/2011

the Annual General Meeting of AJ Lucas Group Limited is to be held at Hyundai Building, 3rd Floor, 394 Lane Cove Road, Macquarie Park, NSW 2113 on Wednesday, 30 November 2011 at 10:00am (Sydney time)

18/11/2011

provides Notice of Extraordinary General Meeting and Explanatory Statement for an EGM of the Company to be held on 22 December 2011 at 10.00 am Hyundai Building, 3rd Floor 394 Lane Cove Road, Macquarie Park NSW 2113

18/11/2011

AJ Lucas announced on 19 September 2011 that it had entered into a number of financial arrangements with Kerogen Investments No. 1 (HK) Limited ("the Recapitalisation Plan") subject to relevant regulatory, financier and shareholder approval, which would result in a significant recapitalisation of the Company. The principal regulatory approval was Foreign Investment Review Board ("FIRB") approval which has been received. AJ Lucas also announced that the Company continued to pursue other restructuring initiatives, including the sale of some or all of its drilling business activities

17/11/2011

Cuadrilla Resources Holdings Limited (Cuadrilla), the Company's 42% owned associate, exploring for natural shale gas in the Bowland Basin in North West England, has released its report, "The Geo-mechanical Study of Bowland Shale Seismicit" - This report concluded that the hydraulic fracturing of the Preese Hall #1 well earlier this year did trigger a number of minor seismic events

04/11/2011

the Annual General Meeting (AGM) of the Company will be held at the Company's offices on Wednesday 30 November 2011 at 10:00am at Hyundai Building 3rd Floor 394 Lane Cove Road Macquarie Park NSW 2113

27/10/2011

releases annual report for 2011

26/10/2011

Kerogen Investments No.1 Ltd bought 9,917,650 AJ Lucas Group Ltd shares for $13,388,828 on September 30, 2011, becoming a substantial holder with 9,917,650 shares (13.04%)

05/10/2011

lodges annual report for 2011

30/09/2011

Cuadrilla Resources Holdings Limited (Cuadrilla), the Company's 41% owned associate, has announced estimated Gas in Place of 200 trillion cubic feet at the Bowland Basin shale prospect in North West England. The Bowland Basin prospect is 75% owned by Cuadrilla, with AJ Lucas owning the remaining 25% interest directly

22/09/2011

AJ Lucas Ltd announced it has agreed to enter into a number of financial arrangements that will result in a significant recapitalisation of the company if approved. The recapitalisation plan proposals will strengthen the balance sheet and improve group liquidity. It will also allow the company to maintain its European shale gas exploration investment held principally through its 41% shareholding in Cuadrilla Resources Holdings Ltd

19/09/2011

releases Preliminary Final Report

09/09/2011

having regard to the current volatility in the equity markets, the Board of AJ Lucas has been canvassing a broader suite of options for the recapitalisation and balance sheet restructure. These include sale alternatives for the Drilling Services division, as well as the possible introduction of new capital into the Company from a strategic financial investor or investors. Financial advisers have been appointed and discussions are ongoing

31/08/2011

Frac operations remain suspended pending the completion of the experts' report and a review of its findings by Cuadrilla and appropriate authorities - Over the past month, Cuadrilla completed the three additional zones of BA-E-1. During post completion well testing, satisfactory initial flow rates of gas and small amounts of condensate were recovered. The well is scheduled for an extended production test into a sales pipeline, beginning almost immediately. Further information on production flow rates will be provided when they become available. It is anticipated that gas and condensate production will begin before the end of 2011

12/08/2011

a substantial equity raising would be in the best interests of the Company's shareholders and will materially improve the prospects of winning significant amounts of new work. Lucas Group is therefore working with a leading global investment bank to assess the recapitalisation structures and determine the preferred path - The Board is currently working on this proposed recapitalisation and will release details as soon as they are finalised

01/07/2011

Cuadrilla Resources has postponed fraccing operations at its Preese Hall well site following a minor earthquake in the Blackpool area early on 27 th May, 2011

02/06/2011

Lucas is currently engaged in a process to recapitalise the Company and restructure the Group balance sheet. Detailed discussions are being held with the Company's bankers and the holders of the Redeemable Convertible Preference Shares (RCPS), as well as prospective alternative financiers. The principal objective is to restructure the Company's borrowings, lengthen their maturity profile and introduce additional capital. As indicated in the announcement on 25 May 2011, these discussions are ongoing and will be the subject of a further announcement once discussions are completed

27/05/2011

the securities of AJ Lucas Group Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement

25/05/2011

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    25/10/2017Andrew Purcell20,856$0.275$5,729
    16/10/2017Andrew Purcell128,492$0.224$28,798
    21/03/2016Andrew Purcell5,000$0.250$1,250
    02/09/2015Russell Eggers70,028$0.345$24,160
    04/03/2015Andrew Purcell28,514$0.350$9,980

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Andrew PurcellChairman03/06/2014
    David EksterCFO31/08/2020
    Austen PerrinNon Exec Director15/12/2014
    Francis EganExecutive Director15/05/2020
    Julian BallDirector05/08/2013
    Marcin SwierkowskiCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Brett TredinnickExecutive Director, CEO01/01/202031/08/2023
    John O'NeillIndependent Director23/06/201515/11/2020
    Phillip ArnallNon Exec Chairman10/08/201031/08/2020
    Ian MearesNon Exec Director03/06/201431/12/2019
    Russell EggersCEO03/06/201429/02/2016
    Mark SummergreeneCFO15/12/2014
    Martin GreenIndependent Director28/05/199903/06/2014
    Michael McDermottNon Exec Director04/02/201003/06/2014
    Genelle CoghlanNon Exec Director10/08/201003/06/2014
    Allan CampbellChairman, CEO06/03/199528/01/2014
    Andrew LukasNon Exec Director01/01/199510/08/2010
    Ian Stuart-RobertsonExecutive Director31/05/199310/08/2010
    Garry O'MeallyNon Exec Director28/05/199927/11/2009
    Julian GregoryNon Exec Director05/05/200403/04/2006

    Date of first appointment, title may have changed.