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ASTIVITA LIMITED (AIR)

Listed on ASX

SHARE PRICES

Former (or subsequent) names

 FROMTO
ASTIVITA LIMITED30/12/2013
ASTIVITA RENEWABLES LIMITED30/12/2013

Shareholder links

Our website ranking of AIR: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Investor Services, Level 11 172 St Georges Terrace Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000AIR0
Address: 172 Ingram Road, ACACIA RIDGE, QLD, AUSTRALIA, 4110
Tel:  07 3726 2000 Fax: 07 3726 2099

Date first listed: 16/12/2009
Company Secretary: Ms Narelle Lynch, Mr Geoff Acton
Sector: Capital Goods Industry Group: XNJ
Activities: The Company's primary business activity is to import, warehouse and distribute bathroom, kitchen and solar products for sale to a range of retailers, plumbing merchants, hardware suppliers, and solar power dealers

The suspension of trading in the securities of Astivita Limited will be lifted immediately following the release by AIR of a response to the ASX Query letter in regards to the Patent Update.

20/05/2020

The company issues a response to ASX Query Letter.

20/05/2020

The securities of Astivita Limited will be suspended from quotation immediately under Listing Rule 17.3, pending further enquiries by ASX. The securities will remain suspended until further notice.

18/05/2020

AIR's securities will be reinstated to official quotation at the commencement of trading on 3 April 2020 following the release: on 2 April 2020 of AIR's announcement entitled "Retraction of Announcements" on the ASX market announcements platform; and of this announcement on MAP, attaching AIR's response to further queries from ASX.

02/04/2020

The AIR Board requests that if they can't agree, they retract all announcements since 16 March 2020, except for the patent application and Business Update to Shareholders 26 March 2020, from the ASX platform and have the suspension lifted.

02/04/2020

AIR submitted its 11 page reply to the ASX Query Letter at 9:32am Brisbane time Tuesday morning, 31 March 2020. The Board still believes the announcement of 18 March 2020, not released to market, answered all the relevant questions appropriately.

01/04/2020

On 19 March 2020, 20 March 2020 and 23 March 2020, ASX advised AIR and its advisers that its response to ASX's query letter were incomplete and unsatisfactory and that AIR's shares would remain in suspension until they provide proper responses to ASX's queries. AIR has not provided an updated response. ASX has today issued AIR with a further query letter outlining the further information AIR is required to provide and advising that they will remain in suspension until satisfactory responses have been received and ASX otherwise considers it appropriate to reinstate AIR to quotation.

27/03/2020

AIR has recorded record sales in Amazon over the past 90 days of $267,000, double the sales of the same 90 day period last year. The products sold in the last two months were at full margin and sales would have been higher if not for supply issues from China. The Board is in the process of establishing a subsidiary company set up in Europe to facilitate the Amazon Europe sales. This should be in place before the end of March 2020. The sales on Amazon EU should commence before the end of FY20. AIR has sourced the current world's supply of hinokitiol which is the key ingredient in its patent. They have prepared the factory to secure future production of significant quantities of this material. The significant seven figure investment in all new products, including hinokitiol and masks have all been funded through non-recourse loans provided by Mr Lev Mizikovsky. Software has been installed successfully by SenterpriSys Limited to allow key functions within the business to be completed by staff from home if required. ASX have raised rumours in regards to margin calls by Directors on Wednesday morning, 18 March 2020. The Board confirms to all shareholders that there are no margin loans in place by any Director. The Board is also going to investigate listing in Europe.

26/03/2020

Thte company has just received the query letter from the enforcement team at 2:39pm. The company's ASX release was submitted to the ASX on 18 March 2020 and requested the voluntary suspension be lifted. Since then, ASX has imposed a temporary suspension until the query letter is answered.

19/03/2020

The securities of Astivita Limited will remain suspended from quotation under Listing Rule 17.3, pending further enquires by ASX.

19/03/2020

AIR confirms that it has prepared an ASX announcement for release to market today. However, they will be receiving a query letter from the Enforcement Team which they are yet to receive hence delaying this release to market.

18/03/2020

The securities of Astivita Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AIR, pending the release of an announcement regarding the patent application.

18/03/2020

we understand that on or about this date the company consolidated its shares 1 for 4

20/06/2019

name changed from Astivita Renewable Limited

30/12/2013

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    12/06/2020Lev Mizikovsky51,616$0.860$44,390
    22/01/2019Lev Mizikovsky15,485$0.065$1,007
    29/11/2018Lev Mizikovsky2,250$0.065$146
    19/11/2018Lev Mizikovsky29,000$0.065$1,895
    31/10/2018Lev Mizikovsky79,500$0.065$5,168

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Lev MizikovskyExecutive Chairman20/10/2009
    Joe MizikovskyCEO31/05/2019
    Scott IsonCOO, General Manager16/09/2014
    Rade DudurovicIndependent Director20/10/2009
    Geoff ActonExecutive Director04/10/2011

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Robert LynchNon Exec Director22/02/201116/03/2017
    Rod WelfordChairman, Non Exec Director20/10/200908/04/2013
    Kerry DalyNon Exec Director25/11/2011
    John BeithDirector16/12/200904/10/2011

    Date of first appointment, title may have changed.