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Computershare Perth
Level 17, 221 St Georges Terrace, Perth WA 6000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
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Company details

ISIN: AU0000201915
Address: 301 Collier Road Bassendean, Perth WA 6054
Tel:  +61 8 9378 0900

Date first listed: 11/03/2022

Activities: Seafood processor, wholesaler, retailer and exporter

News & Events

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The Administrators refer to the previous announcement dated 19 February 2024 detailing the outcome of the final hearing of the Company's 444GA Application to Court, and the Court Orders granting leave for the transfer of all issued shares in the Company to Avior Asset Management Pty Ltd, In accordance with the Orders, the Deed Administrators and Avior have executed the Share Transfer, effective as of today, 28 February 2024.


The final hearing of the Company's 444GA Application to Court, at 10:00am (AWST) on Thursday, 15 February 2024, the Court made orders providing leave for the Deed Administrators to transfer all of the issued shares in the Company to Avior Asset Management Pty Ltd. The Deed Administrators will proceed to execute share transfer documentation on behalf of all shareholders to effect the Share Transfer within five business days, pursuant to the Deed of Company Arrangement executed on 22 November 2023.


The Deed Administrators advise a further directions hearing is scheduled at 9.30am (AWST) on 8 February 2024, and a subsequent final hearing is scheduled for 10.00am (AWST) on 15 February 2024.


On 14 December 2023, the Deed Administrators applied to the Supreme Court of Western Australia seeking, amongst other things, orders under section 444GA of the Corporations Act, providing for the transfer of the Shares. A directions hearing was held on 20 December 2023 and the next directions hearing is scheduled for 8 February 2024 at 9.30am (AWST). The Section 444GA Orders will not be made at this directions hearing. Shareholders are entitled to be heard in relation to the application, including at the directions hearing on 8 February 2024. If you wish to be heard by the Court, you must enter an appearance by 4.00pm (AWST) on 6 February 2024. The substantive hearing, at which the Court will determine whether to make the Section 444GA Orders, is listed for 10.00am (AWST) on 15 February 2024. If the Court makes the Section 444GA Orders, then 100% of the Shares will be transferred to the DOCA Proponent or its nominee(s) for no consideration. The application for the Section 444GA Orders is made on the basis that the Shares are of no value. In order to determine the value of the Shares, the Deed Administrators have engaged an expert to prepare a report setting out the likely return to shareholders if the Court refuses to make the Section 444GA Orders and the Company is placed into liquidation.


The Voluntary Administrators of Catalano are pleased to advise that a Deed of Company Arrangement proposed by Avior Capital was approved today at the second meeting of creditors. The transaction will result in operational control of Catalano transferring to Avior in the coming days and subsequently 100% ownership of the company's shares (subject to Court approval).


Catalano is not required to comply with the Financial Reporting Obligations until the last day of the Deferral Period. Also, all AGM obligations are deferred until the last day of the Deferral Period. Catalano must hold an AGM within 2 months after the end of the Deferral Period and lay before that AGM all outstanding financial reports deferred under section 8 of the Instrument.


Rob Brauer and Linda Smith were appointed Voluntary Administrators.


The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 2 October 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 Friday, 29 September 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.


listed entity carried for record purposes only



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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

    12/05/2022Silvestro Morabito26,000$0.190$4,940
    21/03/2022Silvestro Morabito26,000$0.190$4,940

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Michael M. LiewExecutive Chairman26/05/2023
    Nick CatalanoManaging Director, CEO11/03/2022
    Silvestro MorabitoIndependent Director11/03/2022
    Koon LowNon Exec Director11/03/2022
    Mark LeongNon Exec Director11/07/2022
    Laurence ZiatasCompany Secretary
    Harry MillerCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Danielle TanIndependent Director11/03/202208/07/2022

    Date of first appointment, title may have changed.