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AMA GROUP LIMITED (AMA)

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

Former (or subsequent) names

 FROMTO
AMA GROUP LIMITED07/12/2009
ALLOMAK LIMITED07/12/2009

Shareholder links

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

 

REGISTRY:

Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000AMA8
Address: Level 13 484 St Kilda Road Melbourne VIC 3004
Tel:  +61 3 7066 5022Fax: +61 7 3283 1168

Date first listed: 31/08/2006
Company Secretary: Mark Licciardo
Sector: Retailing Industry Group: XDJ
Activities: Focused on the wholesale vehicle aftercare and accessories market, including smash repair shops, automotive and electrical components, vehicle protection bull bars and other servicing workshops for brakes and transmissions

News & Events

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The suspension of trading in the securities of AMA Group Limited will be lifted immediately following the release by AMA of an announcement regarding a capital raising and the receipt of its Appendix 4E, Annual Report, Appendix 4G and Corporate Governance Statement.

08/09/2023

The company announces the seuccessful results of its fully underwritten institutional placement and accelerated institutional component of its fully underwritten 1 for 2.15 pro rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares in AMA Group. Funds raised under the Equity Raising will be applied to the principal repayment of $35.0 million of existing senior bank debt and provide liquidity and working capital which will be deployed in pursuit of the Group's strategy.

08/09/2023

The company announces the seuccessful results of its fully underwritten institutional placement and accelerated institutional component of its fully underwritten 1 for 2.15 pro rata accelerated non-renounceable entitlement offer of new fully paid ordinary shares in AMA Group. Funds raised under the Equity Raising will be applied to the principal repayment of $35.0 million of existing senior bank debt and provide liquidity and working capital which will be deployed in pursuit of the Group's strategy.

08/09/2023

The company lodges the following: FY23 Appendix 4E, FY23 Annual Report, Cleansing Notice - Entitlement Offer, FY23 Appendix 4G, FY23 Corporate Governance Statement, notification of cessation of securities.

07/09/2023

The company releases a notice of proposed issue of securities.

07/09/2023

The company releases its FY23 Results Presentation and Equity Capital Raising.

07/09/2023

AMA Group has launched a fully underwritten $55.0 million equity raising via: Fully underwritten Institutional Placement to institutional investors and certain AMA Group directors to raise $17.6 million ($2.5 million of which will be subject to shareholder approval given AMA Group director participation); and Fully underwritten for 2.15 pro rata accelerated non-renounceable entitlement offer to raise approximately $37.4 million (together with the Placement, the Equity Raising). Funds raised under the Equity Raising will be applied to the principal repayment of $35.0 million of existing senior bank debt and provide liquidity and working capital which will be deployed in pursuit of the Group's strategy. Provides an improved liquidity position with pro forma FY24 net senior leverage decreasing to 1.7x to 2.2x and net total leverage reducing to 2.8x to 3.5x (based on FY24 pre-AASB 16 guidance range). Execution of refinancing of residual debt facilities targeted for FY24. FY24 normalised post-AASB 16 EBITDA1 guidance of $86 - 96 million after strong trading outcomes for July and August.

07/09/2023

The securities of the company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Friday, 1 September 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Thursday, 31 August 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

01/09/2023

The suspension of trading in the securities of AMA Group Limited will be lifted immediately, following the release by AMA of an announcement regarding a capital raising

13/09/2021

The company has completed the institutional component of its fully underwritten accelerated 1 for 2.80 pro rata non-renounceable entitlement offer alongside the successful pricing of the $50 million offering of senior unsecured convertible notes due March 2027. Net proceeds from the capital raising will be used to permanently repay $72.5 million in debt facilities and $69.3 million will be used for the purposes of working capital, liquidity (including for COVID-19 related disruption) and in supporting growth initiatives. The retail component of the Entitlement Offer s underwritten and will raise approximately $47 million. The Retail Entitlement offer will open on Friday, 17 September 2021 and close on Thursday, 30 September 2021. AMA Group has also successfully priced $50 million of Notes which are convertible into fully paid Ordinary Shares and will mature on 22 March 2027 unless otherwise redeemed, repurchased or converted in accordance with their terms and conditions.

13/09/2021

The company releases a cleansing notice for its pro rata accelerated non-renounceable entitlement offer of 1 fully paid ordinary share in AMA for every 2.8 Shares held as at 7.00pm (Sydney time) on Tuesday, 14 September 2021 by shareholders with a registered address in Australia, New Zealand and certain other jurisdictions in which AMA decides to extend the Entitlement Offer.

10/09/2021

The company releases an Investor Presentation.

10/09/2021

AMA Group has launched a $150 million capital raising comprising: $100 million fully underwritten1 accelerated 1 for 2.80 pro rata non-renounceable entitlement offer; and $50 million fully underwritten1 senior unsecured convertible notes due 2027. The Capital Raising is the outcome of AMA Group's Capital Structure Review. AMA Group has also successfully restructured its existing bank debt facilities.

10/09/2021

The securities of AMA Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AMA, pending the release of an announcement regarding a capital raising.

10/09/2021

The suspension of trading in the securities of AMA Group Limited will be lifted immediately, following the release by AMA of an announcement regarding the completion of the placement and entitlement offer.

03/10/2019

The company successfully completes placement and institutional entitlement offer. Approximately $101.9m raised in the Institutional entitlement offer, with a strong take up rate of approximately 96.8%1 by eligible institutional shareholders. $77.1m raised through the placement, which was significantly oversubscribed. Retail entitlement offer to raise a further $36.7m opens on Tuesday, 8 October 2019.

03/10/2019

The securities of AMA Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AMA, pending the release of an announcement regarding a proposed acquisition and associated capital raising

02/10/2019

name changed from Allomak Limited

07/12/2009

 

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ASX, Legal & CGT Status

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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
    29/02/2024Caroline Waldron1,238,803$0.065$80,027
    28/02/2024Kyle Loades495,910$0.061$30,052
    29/12/2023Caroline Waldron277,777$0.072$20,000
    02/11/2023Kyle Loades333,000$0.060$19,980
    27/10/2023Carl Bizon1,500,000$0.060$90,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Caroline WaldronChairman01/03/2022
    Talbot BabineauDeputy Chairman13/02/2023
    Mat CooperCEO02/07/2021
    Geoff TrumbullCFO07/12/2021
    Kim Stewart-SmithIndependent Director01/12/2023
    Ray Smith-RobertsIndependent Director01/07/2009
    David GoldsteinIndependent Director07/03/2024
    Brian AustinIndependent Director23/12/2015
    Kyle LoadesIndependent Director24/05/2021

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Simon MooreNon Exec Director28/11/201823/02/2024
    Carl BizonExecutive Director, CEO03/02/202023/11/2023
    Anthony DayChairman, Independent Director22/11/201801/09/2023
    Paul RuizIndependent Director17/05/202101/09/2023
    Nicole CookIndependent Director01/12/201924/11/2022
    Darren BasfordCFO03/08/202107/12/2021
    Leath NicholsonNon Exec Director23/12/201520/11/2021
    Steven BeckerCFO29/10/201831/08/2021
    Andy HopkinsDirector, CEO11/12/201531/01/2021
    Raymond MaloneExecutive Chairman, CEO30/01/200931/08/2019
    Ashley KillickCFO29/09/201529/10/2018
    Hugh RobertsonNon Exec Director02/06/201503/08/2018
    Phillip HainsCFO09/12/200923/06/2017
    Simon DoyleNon Exec Director14/10/200904/11/2015
    Duncan FischerChairman14/10/200911/03/2015
    Christopher SadlerDirector27/02/200830/11/2009
    John AndersonDirector18/10/200714/10/2009
    Donald EasterDirector30/01/200914/10/2009
    Allan McLellanChairman13/07/200609/02/2009
    Robert AllanManaging Director19/04/200504/02/2009
    Wendy SimpsonNon Exec Director13/07/200626/09/2008
    John WortonCFO19/04/200622/11/2007

    Date of first appointment, title may have changed.