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DELOREAN CORPORATION LIMITED (DEL)

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Former (or subsequent) names

 

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Our website ranking of DEL: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000139974
Address: Ground Floor, 1205 Hay St, West Perth WA 6005
Tel:  (08) 6147 7575

Date first listed: 12/04/2021
Company Secretary: David McArthur
Activities: Development, ownership and operation of renewable generation assets for the production of renewable electricity, heat and biomethane for sale to wholesale and retail customers

News & Events

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The suspension of trading in the securities of Delorean Corporation Limited will be lifted immediately following the release by DEL of an announcement regarding an update in relation to a Statutory Demand for payment received by DEL's wholly owned subsidiary CleanTech Energy Pty.

31/07/2023

On 28 July 2023, the Company made a payment of $2,211,900 to CER in full satisfaction of CleanTech Energy's debt due to the CER for refundable Large Scale Generation Certificate (LGC) shortfall charges relating to CleanTech Energy's legacy 2022 energy retail operations. The Company materially divested the customer base of this business in December 2022 and as a result will have no further liability for shortfall charges payable to the CER in relation to 2023.

31/07/2023

The Company has entered into a non-binding agreement with Roadnight Capital, whereby Roadnight will provide CleanTech Energy Pty Ltd with a funding solution for the payment of all moneys currently due to the Clean Energy Regulator. The securities of the Company will remain in suspension until the payment is satisfactorily resolved with CER, which at this stage is expected to be on or before the end of July.

03/07/2023

Delorean Corporation's Engineering Division has been awarded Notice to Proceed under its existing contract with Yarra Valley Water for delivery of Yarra Valley Water's $53 million Lilydale bioenergy facility. Notice to Proceed has been issued to order long lead items with monthly progress invoicing. Site commencement is subject to final regulatory and planning approval and is anticipated in late 2023 with construction completion by Feb 2025. The contract provides for the design, build, operation and maintenance of a food waste to energy facility at Yarra Valley Water's Lilydale Sewage Treatment site in Victoria for a total design and construct value of $53M. In addition to the design and construction scope, the contract includes operations and maintenance (and an option for digestate management) by Delorean for a two-year period, totalling a further $6.8 million on completion of construction of the bioenergy facility. This project is Delorean's first government contract and fourth major Engineering Division construction project, affirming the Company's leadership in the bioenergy infrastructure sector in Australia. Yarra Valley Water is the largest of three Victorian Government owned water corporations, serving over 2 million people and 60,000 businesses in the northern and eastern suburbs of Melbourne. This new facility will be one of the largest food waste to energy facilities of its kind in Victoria, diverting approximately 50,000 tonnes of food waste from landfill each year and generating over 10,000 Megawatt hours of electricity.

26/06/2023

The Company remains in discussions with the Clean Energy Regulator in relation to a Statutory Demand for payment of a debt received by the Company's wholly owned subsidiary CleanTech Energy Pty Ltd, as advised to the market on 29 May 2023. The securities of the Company will remain in suspension until the matter is satisfactorily resolved with CER, which at this stage is expected to be by the end of the month.

13/06/2023

On 24th May 2023, the Company's wholly owned energy retail subsidiary, CleanTech Energy received a statutory demand from the Clean Energy Regulator referencing a debt due to the CER in relation to Large Scale Generation Certificate charges for the year 2022 and interest accrued commencing February 2023. The statutory demand has been issued to the CleanTech Energy and not Delorean Corporation or its other core operating bioenergy plant project development and construction subsidiaries. The notice is for payment in the amount of $2,119,869 on or before 14 June 2023. This liability has previously been reported in the Delorean group accounts and was not an unknown liability. The Company is considering capital raising options to enable CleanTech Energy to meet the CER payment prior to 14 June 2023.

29/05/2023

The securities of Delorean Corporation Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of DEL, pending the release of an announcement regarding a capital raising.

29/05/2023

listed entity carried for record purposes only

12/04/2021

 

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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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    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Hamish JollyExecutive Chairman12/04/2021
    Joe OliverManaging Director12/04/2021
    Stephen GostlowNon Exec Director12/04/2021
    David McArthurNon Exec Director12/04/2021

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION

    Date of first appointment, title may have changed.