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BUDDY TECHNOLOGIES LTD(BUD)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
BUDDY TECHNOLOGIES LTD12/04/2019
BUDDY PLATFORM LTD29/12/201512/04/2019
POTASH MINERALS LIMITED24/11/201129/12/2015
TRANSIT HOLDINGS LIMITED24/11/2011

Shareholder links

COMPANY WEBSITE:

 

REGISTRY:

Link Market Services, Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000

Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000BUD3
Address: Level 3, 12 Pirie Street Adelaide, SA 5000
Tel:  +61 1800-831-317 Fax: +61 8 8125 5931

Date first listed: 18/12/2006
Company Secretary: Ben Secrett
Sector: Materials Industry Group: XMJ
Activities: Potash exploration in Utah USA

News & Events

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OFX Transferring Money Internationally to Free

The suspension of trading in the securities of Buddy Technologies Ltd will be lifted immediately following the release by BUD of an announcement regarding legal proceedings concerning the equity financing agreement with CST Capital Pty Ltd ATF the CST Investments Fund.

06/11/2020

The company was recently forwarded copies of a writ of summons issued out of the District Court of Western Australia dated 7 August 2020 alleging a breach of the Agreement and claiming unspecified damages; and a default judgment entered in the District Court of Western Australia dated 3 September 2020, that the Company pay CST the value of damages yet to be assessed. Default judgment was granted in favour of CST in the absence of the company entering an appearance to defend the claim at the District Court in response to the writ. The company has expressed its disappointment that neither the company nor its legal counsel was afforded the professional courtesy of an email making it aware of the writ prior to CST applying for the defaul judgment being granted. The company's legal counsel has entered a conditional appearance with the District Court and the company has instructed its legal counsel to promptly apply to set aside the default judgment and defend the legal proceedings. The company can also confirm that its finance facilities remain unaffacted, and it is business as usual for team members working around the world.

06/11/2020

The company requests the voluntary suspension remain in place until the earlier of the release of an announcement in respect of legal proceedings concerning the equity financing agreement with CST Capital ATF the CST Investments Fund or the commencement of trading on 6 November 2020.

04/11/2020

Buddy has reached agreement with the lenders of debts associated with Buddy's acquisition of LIFX in 2019 to extend the final maturity date from 30 October 2020 to 31 December 2020. The extension provides time for the formalisation and execution of final documentation in respect to a US$20 million facility provided by San Francisco-based Partners for Growth. The parties remain on track to reach financial close within 45 business days of the execution of the binding term sheet announced on 21 October 2020.

04/11/2020

The company lodges its September Quarterly 4C Review (Q1FY21).

02/11/2020

The securities of Buddy Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUD, pending the release of an announcement regarding legal proceedings concerning an equity financing agreement.

30/10/2020

The suspension of trading in the securities of Buddy Technologies Ltd will be lifted immediately following the release by BUD of an announcement regarding an equity financing agreement.

05/05/2020

The company releases a notice of Proposed issue of Securities - BUD.

05/05/2020

Buddy has entered into a share purchase agreement to provide financing by way of a tranched equity-backed finance facility over a period of 24 months. The facility will provide the Company with A$12.5 million of working capital funding, and will sit alongside the Company's existing trade and inventory financing facilities, which will continue to be used to fund manufacturing and supply growth. The financing provides Buddy with the necessary capital to emerge from the Coronavirus pandemic in a strong position, while providing access to significant growth capital should the business have such a need during this period.

05/05/2020

The securities of Buddy Technologies Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BUD, pending the release of an announcement regarding an equity financing agreement.

04/05/2020

name changed from Buddy Platform Ltd

12/04/2019

 

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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
    14/08/2020John van Ruth-200,000$0.027$5,400
    12/06/2020David McLauchlan2,500,000$0.009$22,500
    16/04/2019Marc Alexander-600,000$0.080$47,700
    17/01/2018Richard Borenstein-4,000,000$0.213$851,651
    16/01/2018John van Ruth-200,000$0.215$43,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Richard JacrouxCFO, COO06/10/2016
    Rosey BattNon Exec Director30/11/2018
    Marc AlexanderDirector29/03/2019
    Richard BorensteinDirector17/12/2015
    David McLauchlanDirector17/12/2015
    John van RuthDirector12/02/2016

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Alexander GounaresDirector17/12/201525/03/2019
    Ananda KathiraveluChairman10/08/200615/05/2018
    Ben BinningerNon Exec Director19/10/201117/12/2015
    Richard MontiNon Exec Director11/12/200617/12/2015
    Sean MurrayNon Exec Director19/04/201130/06/2014
    Brian ThomasNon Exec Director09/06/201030/06/2014

    Date of first appointment, title may have changed.