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03 December 2023
| Name: | BROO LTD (BEE) |
| ISIN: | AU000000BEE5 |
| Date of Listing: | 14 October 2016 |
Stock Exchange Status: (updated daily)
This entity is currently suspended from quotation on the Australian Securities Exchange and its securities cannot be traded on-market.Legal Status: (updated monthly)
ACN: 060 793 099ABN: 78 060 793 099
Registration Date: 01 July 1993
Capital Gains Tax (CGT) Status: (updated at least quarterly)
The securities in this entity, in our opinion, are of little or no value. We have made that assessment by reference to the circumstances leading to a suspension and/or delisting, the length of a suspension, share trading history and last on-market share price, most recent financial and cash flow statements, prospects (including likelihood of re-financing), and other factors including in particular whether the entity is in external administration. If you are seeking to crystallise a capital loss on your securities, that process can be easily and quickly initiated at our online Worthless Shares facility here: https://www.delisted.com.au/sell-worthless-and-other-securities/.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
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
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Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 01/08/2023 |
The company lodges its Annual Report to shareholders. | 31/07/2023 |
The Company has now commenced the preparation of audit of full year accounts for the period ended 30 June 2022 and audit review of the half year accounts for the period ended 31 December 2022. It is expected that the Full Year Audit and Half Year Audit Review will be completed in the coming weeks, after which the Company will release the audited full year accounts for FY22 and reviewed half year accounts for 1H 23 to the ASX. The voluntary administration for certain Broo subsidiaries is at the final stage. The Company has decided to broaden the current product category offering to cover mid-strength beer, craft beer and zero percent alcohol drinks on top of the existing product range. The Company is exploring additional domestic and international distribution channels for the sale of Broo products. | 09/06/2023 |
6,326,666 ordinary shares will be released from voluntary escrow on 9 February 2023. The 6,326,666 ordinary shares were issued on 21 January 2022 to former directors Mathew Boyes and Matthew Newberry in lieu of fees payable and as approved by shareholders at the Company's 22 December 2021 AGM. The Shares were placed in voluntary escrow to ensure the securities were not on-sold within 12 months in a manner that would have breached section 707(3) or 1012C(6) of the Corporations Act 2001 (Cth). | 02/02/2023 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 01/02/2023 |
Development Victoria has exercised its option to call back the property asset located at 2 Liberator Drive, Mitchell Park, Victoria 3355 (Ballart Property) in accordance with the terms specified in the contract between Broo and DV, for a total amount of circa $2.3 million. The Company has used the proceeds to repay the entire loan and outstanding rates and taxes associated with the land in full, reducing the Company's total liabilities by $2.1 million. | 11/01/2023 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 31/10/2022 |
The completion and release of the Company's Appendix 4E Preliminary Final Report has been delayed as the Company continues to focus on completion of the ongoing strategic review of the business and its assets including the Company's organisational structure. The Company is working to complete the review and Appendix 4E Preliminary Final Report and anticipates it will be in a position to lodge the report in late September 2022. | 31/08/2022 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 04/08/2022 |
The company releases a notification of cessation of securities. | 06/07/2022 |
The Board on 6 May 2022 appointed Con Kokkinos of Worrells as Voluntary Administrator for each of the following wholly-owned subsidiaries: Australia Draught Pty Ltd, Mildura Brewery Pub, Mildura Brewery, Sorrento Brewery. The voluntary administration relates to the subsidiaries only and does not include Broo Limited or Broo Brewery, which is wholly owned by the company, or other entities within the Broo group. On 9 June 2022, the creditors of Australia Draught approved a DOCA. Pursuant to the DOCA, the voluntary administration of Australia Draught has come to an end, and the control of Australia Draught has now been returned to its parent entity, Broo Limited. This allows the Company to continuing trading its business via Broo Limited and Australia Draught. After the company restructure, the group will comprise the following entities: Broo Limited, Australia Draught Pty Ltd (subject to Deed of Company Arrangement) and Broo Brewery Pty Ltd. | 24/06/2022 |
The securities of Broo Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BEE, pending the release of an announcement regarding a company restructure. | 11/05/2022 |
listed entity carried for record purposes only | 14/10/2016 |
Shareholders in this company should consider crystallising a capital loss in 2023/24 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person. | 01/08/2023 |
The company lodges its Annual Report to shareholders. | 31/07/2023 |
The Company has now commenced the preparation of audit of full year accounts for the period ended 30 June 2022 and audit review of the half year accounts for the period ended 31 December 2022. It is expected that the Full Year Audit and Half Year Audit Review will be completed in the coming weeks, after which the Company will release the audited full year accounts for FY22 and reviewed half year accounts for 1H 23 to the ASX. The voluntary administration for certain Broo subsidiaries is at the final stage. The Company has decided to broaden the current product category offering to cover mid-strength beer, craft beer and zero percent alcohol drinks on top of the existing product range. The Company is exploring additional domestic and international distribution channels for the sale of Broo products. | 09/06/2023 |
6,326,666 ordinary shares will be released from voluntary escrow on 9 February 2023. The 6,326,666 ordinary shares were issued on 21 January 2022 to former directors Mathew Boyes and Matthew Newberry in lieu of fees payable and as approved by shareholders at the Company's 22 December 2021 AGM. The Shares were placed in voluntary escrow to ensure the securities were not on-sold within 12 months in a manner that would have breached section 707(3) or 1012C(6) of the Corporations Act 2001 (Cth). | 02/02/2023 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 01/02/2023 |
Development Victoria has exercised its option to call back the property asset located at 2 Liberator Drive, Mitchell Park, Victoria 3355 (Ballart Property) in accordance with the terms specified in the contract between Broo and DV, for a total amount of circa $2.3 million. The Company has used the proceeds to repay the entire loan and outstanding rates and taxes associated with the land in full, reducing the Company's total liabilities by $2.1 million. | 11/01/2023 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 31/10/2022 |
The completion and release of the Company's Appendix 4E Preliminary Final Report has been delayed as the Company continues to focus on completion of the ongoing strategic review of the business and its assets including the Company's organisational structure. The Company is working to complete the review and Appendix 4E Preliminary Final Report and anticipates it will be in a position to lodge the report in late September 2022. | 31/08/2022 |
The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report. | 04/08/2022 |
The company releases a notification of cessation of securities. | 06/07/2022 |
The Board on 6 May 2022 appointed Con Kokkinos of Worrells as Voluntary Administrator for each of the following wholly-owned subsidiaries: Australia Draught Pty Ltd, Mildura Brewery Pub, Mildura Brewery, Sorrento Brewery. The voluntary administration relates to the subsidiaries only and does not include Broo Limited or Broo Brewery, which is wholly owned by the company, or other entities within the Broo group. On 9 June 2022, the creditors of Australia Draught approved a DOCA. Pursuant to the DOCA, the voluntary administration of Australia Draught has come to an end, and the control of Australia Draught has now been returned to its parent entity, Broo Limited. This allows the Company to continuing trading its business via Broo Limited and Australia Draught. After the company restructure, the group will comprise the following entities: Broo Limited, Australia Draught Pty Ltd (subject to Deed of Company Arrangement) and Broo Brewery Pty Ltd. | 24/06/2022 |
The securities of Broo Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BEE, pending the release of an announcement regarding a company restructure. | 11/05/2022 |
listed entity carried for record purposes only | 14/10/2016 |
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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| Peter Pan | Executive Chairman | 17/10/2023 |
| Peter Pan | Executive Chairman | 17/10/2023 |
| Adrian Siah | CFO | 24/12/2019 |
| Mark Ma | CFO | 29/04/2022 |
| David Zhu | Non Exec Director | 15/10/2021 |
| Michael Chen | Executive Director | 17/10/2023 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| James Li | Non Exec Chairman | 29/09/2023 | 17/10/2023 |
| Yanhua Chen | Non Exec Director | 08/02/2023 | 17/10/2023 |
| Jiawei Chen | Non Exec Chairman | 31/05/2023 | 29/09/2023 |
| Kobe Li | Chairman | 08/04/2022 | 15/03/2023 |
| Jason Scher | Non Exec Director | 27/10/2022 | 06/02/2023 |
| George Karafotias | Director | 08/04/2022 | 06/02/2023 |
| Kent Grogan | Chairman, CEO | 04/07/1993 | 08/04/2022 |
| Matthew Boyes | Director | 13/11/2010 | 08/04/2022 |
| Matthew Newberry | Non Exec Director | 02/03/2018 | 22/12/2021 |
| Geffrey De Graaff | Non Exec Director | 01/07/2016 | 02/03/2018 |
| Phillip Grundy | Non Exec Director | 14/10/2016 | 02/03/2018 |
Date of first appointment, title may have changed.
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