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DESIGN MILK CO LIMITED (DMC)

Click here for free access to this company's:
ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
DESIGN MILK CO LIMITED09/12/2020
AHALIFE HOLDINGS LIMITED29/07/201509/12/2020
INT CORPORATION LIMITED27/03/201429/07/2015
INTERMOCO LIMITED16/08/200227/03/2014
AUSTRALON LIMITED17/01/200116/08/2002
GAWLER GOLD AND MINERAL EXPLORATION LIMITED15/11/200017/01/2001
GAWLER GOLD AND MINERAL EXPLORATION NL15/11/2000

Shareholder links

Our website ranking of DMC: rating 2
(2 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: AU000000AHL5
Address: Level 5, 126 Phillip Street, Sydney NSW 2000
Tel:  (02) 8072 1400Fax: (+61 2) 8072 1440

Date first listed: 24/03/1997
Company Secretary: Sapir Elias
Sector: Retailing Industry Group: XDJ
Activities: Online marketplace focused on curated luxury lifestyle goods

News & Events

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Pursuant to the Share Sale Agreement executed between LVX and DMC certain conditions precedent were required to be satisfied by 29 March 2024. As all of these conditions precedent have not been satisfied DMC will terminate the existing SSA. DMC has been made aware that LVX had been placed into voluntary administration and as such is unlikely to proceed with the acquisition of LVX in its current form. The Board of DMC remains interested in acquiring the business of LVX and will assess the business and make a further announcement in due course.

04/04/2024

Pursuant to the Share Sale Agreement executed between LVX and DMC certain conditions precedent were required to be satisfied by 29 March 2024. As all of these conditions precedent have not been satisfied DMC will terminate the existing SSA. DMC has been made aware that LVX had been placed into voluntary administration and as such is unlikely to proceed with the acquisition of LVX in its current form. The Board of DMC remains interested in acquiring the business of LVX and will assess the business and make a further announcement in due course.

04/04/2024

Pursuant to the Share Sale Agreement executed between LVX and DMC certain conditions precedent were required to be satisfied by 29 March 2024. As all of these conditions precedent have not been satisfied DMC will terminate the existing SSA. DMC has been made aware that LVX had been placed into voluntary administration and as such is unlikely to proceed with the acquisition of LVX in its current form. The Board of DMC remains interested in acquiring the business of LVX and will assess the business and make a further announcement in due course.

04/04/2024

The company lodges its Half Yearly Report and Accounts.

01/03/2024

The company lodges its Q2 FY24 Activities Report.

01/02/2024

The company lodges its Q2 Appendix 4C.

01/02/2024

The Company's proposed transaction with LVX Global Holdings Limited continues to be progressed, however, at this stage, given the continued volatility with equity markets, the parties are aiming for completion/relisting in the first half of 2024. As a result, the Conditions Date under the conditional share sale agreement has been extended to Friday, 29 March 2024. The Company anticipates that the notice of meeting (to seek approval for the transaction from DMC shareholders) will be dispatched in early 2024. Further details will be provided in due course. The Company's securities are currently suspended and will continue to remain suspended until after the Company has re-compiled with Chapters 1 and 2 of the ASX Listing Rules.

05/12/2023

The company releases the results of its meeting.

30/11/2023

The company lodges its Q1 FY24 Activities Report.

30/10/2023

The company lodges its Q1 Appendix 4C.

30/10/2023

The company's 2023 AGM will be held on Thursday, 30 November 2023 at 11.00AM (AEDT) at Address Suite 3, 2 New McLean Street, Edgecliff NSW 2027.

30/10/2023

The company has executed a conditional share sale agreement with key shareholders of LVX Global Holdings to acquire the leading data-driven , technology-led, end-to-end Smart Buildings and Internet of Things business operated by LVX.

11/09/2023

The company releases its Appendix 4G and Corporate Governance Statement.

01/09/2023

The company lodges its Appendix 4E & FY23 Annual Report to shareholders.

01/09/2023

The company lodges its Q4 FY23 Activities Report.

01/08/2023

The company lodges its Q4 Appendix 4C.

01/08/2023

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

Following receipt of shareholder approval on 29 May 2023, the Company has today completed the sale of its online business. As previously advised, the Company intends to use the funds from the sale to explore other opportunities and for general working capital. The Company is in advanced discussions with a high growth technology company for a potential acquisition of that business. Whilst these discussions remain incomplete at this stage, they are well advanced and the Board hopes to make a definitive announcement in relation to this potential acquisition in the near future.

26/06/2023

The company releases the results of its meeting.

29/05/2023

The company lodges its Q3 Trading Update.

28/04/2023

The company lodges its Q3 Appendix 4C.

28/04/2023

The company's general meeting will be held on 29 May 2023 at 4:00pm (AEST) at the offices of Prandium Capital, Suite 3, 2 New McLean Street, Edgecliff NSW 2027.

26/04/2023

The Company's wholly owned subsidiary has executed a conditional agreement to sell all the assets required to operate the Company's existing online business to Design Milk Holdings, LLC, a Delaware limited liability company, for US$350,000. Despite the similarity in the name, the purchaser is a newly incorporated company not a related entity of the Company.

20/04/2023

The company releases a notification of cessation of securities.

21/03/2023

The company releases its 1H FY22 Business Update.

27/02/2023

The company lodges its Half Yearly Report and Accounts.

27/02/2023

DMC reported revenue1 of $224k in the December quarter, which is the first quarter after DMC's transition to an advertising revenue only model. The advertising team has continued to generate high-quality and engaging editorial contents, which supports a strong pipeline of advertising campaigns for 2023. The leaner operating model and reduced cost base have seen DMC reporting a small profit for the month of November. The company continues to focus on cost base optimisation in order to reach cashflow breakeven. DMC successfully completed its capital raising of $532,800 via convertible notes after receiving the AGM approval on 30 November 2022. The funds raised was partially used to repay the short-term loan of $200,000 from Bombora Investment Management, with the remainder to support the business as we move to cashflow breakeven. The Company continues to explore strategic opportunities with a number of parties, in order to maximise value for our shareholders.

30/01/2023

The company lodges its Q2 Appendix 4C.

30/01/2023

The company releases a notification regarding unquoted securities.

15/12/2022

The company releases a notification regarding unquoted securities.

14/12/2022

The company releases a notification regarding unquoted securities.

13/12/2022

The Appendix 3Y's and Appendix 3G were lodged late due to an administrative oversight following the issue of unlisted Options to the Directors after the November 2021 AGM. As soon as the oversight was identified the documents were lodged with ASX. The Company and the Directors are aware of their obligations under ASX Listing Rule 3.19A and regret this oversight.

13/12/2022

The company releases the results of its meeting.

30/11/2022

Since DMC's last update on 31 October 2022, DMC has been in discussions with counterparties regarding potential transactions which may include disposal of assets and/or an alternative equity capital transaction. The Company has requested a continuation of the voluntary suspension until the earlier of an announcement to the market regarding a potential transaction or the recommencement of trade in the Company's securities on Tuesday, 31 January 2023.

30/11/2022

The company releases the Chairman's AGM Address to Shareholders.

29/11/2022

The Annual General Meeting of the Shareholders to which this Notice of Meeting relates will be held at 9:00am AEDT on Wednesday, 30 November 2022 as an in person meeting at Level 15, 25 Bligh Street, Sydney 2000.

01/11/2022

The company releases a notice of proposed issue of securities.

01/11/2022

The company has received commitments to raise $532,800 from a small number of existing DMC sophisticated, professional and institutional investors ($446,800 in total) and directors, Arnaud Massenet, Christopher Colfer and Mike Hill, and former director, Michael Everett ($86,000 in total). The raise was increased from the original proposed amount of $400,000 due to investor demand. Included in the investor commitments is $206,800 from Bombora Investment Management Pty Limited as trustee of the Bombora Special Investments Growth Fund (Bombora) who has agreed for its previous bridging loan provided in August 2022 to be repaid by receiving convertible notes on the same terms as the other investors. The funds raised after repayment of the Bombora loan ($326,000) will support the Company's previously announced transition to an advertising revenue only model and its path towards cashflow breakeven. The Company advises that it has requested a continuation of the voluntary suspension initially granted on 2 August 2022, until the market opens on 1 December 2022, following the Company's AGM on 30 November 2022.

31/10/2022

The company releases its Q1 Trading Update.

31/10/2022

The company lodges its Q1 Appendix 4C.

31/10/2022

The date for the company's AGM has been changed to 30 November 2022 at 9am (AEDT). The meeting will be held at Level 15, 25 Bligh Street, Sydney 2000 as an in-person meeting.

26/10/2022

Discussions with investors are continuing with regards to the proposed convertible note capital raising and the Company's securities will remain in voluntary suspension pending an announcement by the Company to the market regarding the finalisation of terms for the proposed capital raising. The Company expects to be in a position to provide further details regarding the finalisation of terms for the capital raise by no later than 28 September 2022, being the expected date for dispatch of the notice of meeting for the AGM to shareholders.

13/09/2022

The company's AGM will be held at 9am (AEDT) on Friday, 28 October 2022 at Level 15, 25 Bligh Street, Sydney 2000 as an in-person physical meeting. The closing date for the receipt of director nominations is 16 September 2022. Further details regarding the AGM will be provided in the notice of meeting to be dispatched to shareholders in due course.

08/09/2022

The company releases the following: Appendix 4E, FY22 Annual Report to shareholders, Appendix 4G and Corporate Governance Statement and FY22 Full-year Results- Investor Update.

31/08/2022

The securities of Design Milk Co Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of DMC, pending the release of an announcement regarding a capital raising.

02/08/2022

name changed from Ahalife Holdings Limited

09/12/2020

 

Click here for free access to this company's:
ASX, Legal & CGT Status

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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
    25/10/2021Mike Hill50,000$0.415$20,750
    20/03/2020Mike Hill5,399,100$0.004$18,897
    06/02/2018Mike Hill1,500,000$0.028$42,000
    20/11/2015Michael Everett200,000$0.549$109,710
    13/11/2015Mike Hill77,125$0.535$41,262

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Mike HillExecutive Chairman17/01/2014
    Stephanie JonesCOO31/10/2022
    Bryan ZekulichNon Exec Director27/09/2022
    Andrew WhittenNon Exec Director01/12/2022

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Christopher ColferNon Exec Director, CEO24/03/201630/11/2023
    Arnaud MassenetNon Exec Director01/10/201730/11/2023
    Robert ManciniCEO30/07/201831/10/2022
    Michael EverettNon Exec Director17/01/201427/09/2022
    Jaime DerringerNon Exec Director01/03/202212/06/2022
    Jaime DerringerNon Exec Director01/03/202210/06/2022
    Stuart HallsCFO, COO31/07/201531/12/2018
    Sebastian KaufmannCEO27/02/201707/06/2018
    Shauna MayExecutive Director, CEO27/07/201527/02/2017
    Sachin DevandExecutive Director27/07/201527/02/2017
    Philip KappDirector17/01/201427/07/2015
    Jonathan PageDirector17/01/201427/07/2015
    Tim Hunt-SmithManaging Director18/12/201217/01/2014
    Simon KempNon Exec Director01/05/200817/01/2014
    Kiril RuvinskyDirector21/03/201217/01/2014
    John EvansChairman04/05/201116/01/2014
    Ian KiddleCEO, Executive Director24/04/200930/05/2013
    Bob GestroNon Exec Director03/05/201123/01/2012

    Date of first appointment, title may have changed.