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BLUE RIBBON HOLDINGS LIMITED (BRN)

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Date first listed: 07/12/2004

News & Events

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name changed to Australian Value Funds Management Limited

07/02/2003

proposals submitted to shareholders at EGM on 31 Dec 02 were approved - shareholders should pay particular attention to a market release dated 7 January 2003 - see www.asx.com.au

07/01/2003

a liquidators declaration has not been issued and shareholders are therefore unable to claim their tax loss - as the proposals considered at the EGM on 31 Dec were approved shareholders will be offered the opportunity to hold a stake in an investment company - Blue Ribbon has been renamed Australian Value Funds Management and there will be a rights issue to raise money for creditors and development capital

04/12/2002

an EGM has been called for 31 December 2002 to consider proposals for the reconstruction and recapitalisation of the company - shareholders should receive the documentation any day now and should consider seeking professional advice

28/11/2002

the administrators, the company and Armytage Private Ltd enter into a Deed of Company Arrangement, the operation of which is conditional on shareholders approving a reconstruction plan

01/10/2002

creditors approve a proposal for the restructure of the company put forward by Armytage Private Ltd

10/09/2002

Beck and Shoobridge appointed administrators following orders made by the federal court - this to enable creditors to consider Armytage's proposal for a restructure

06/08/2002

Not delisted - ASX company announcements still available at asx.com.au

06/08/2002

DOCA proposal to utilise company shell to go before federal court on 6 Aug 2002

02/08/2002

shareholders should note BRN is still listed but has not made an announcement to ASX since 25/7/01

31/07/2002

DOCA will need approval by creditors at which point liquidators should be able to issue declaration

30/07/2002

administrators accept offer for Blue Ribbon's Smithton assets

21/12/2001

ASIC advises its examination of the company will commence on 20 Feb 2002

20/12/2001

administrators accept offer for Blue Ribbon's Launceston assets

18/12/2001

ASIC advises that it will conduct a public examination into circumstances of company's failure

05/12/2001

D Shoobridge and A Breck of Deloittes appointed liquidators

24/10/2001

securities suspended from quotation

18/07/2001

voluntary administrator appointed

18/07/2001

 

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