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DXN LIMITED (DXN)

Listed on ASX

SHARE PRICES

(updated weekly)

Former (or subsequent) names

Shareholder links

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

 

REGISTRY:

Automic Registry Services Level 5 126 Phillip Street Sydney NSW 2000

Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
Fax :
RegistryWebsite RegistryEmail

Company details

Address: 9 Mumford Place Balcatta WA 6021 Australia
Tel:  +61 1300 328 239 Fax: 

Date first listed: 11/04/2018
Company Secretary: George Lazarou
Sector: Software & Services Industry Group: 
Activities: The construction of data centre modules and sale to third-party data centre owners

The suspension of trading in the securities of DXN Limited will be lifted immediately, following the release by DXN of an announcement regarding a capital raising.

08/04/2020

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

08/04/2020

DXN announces a fully underwritten non-renounceable entitlement issue to raise $5.9m to fund the acquisition of assets of Data Centre 3 Pty Ltd in Hobart, Tasmania and other activities including product manufacturing, working capital and data centre marketing. Entitlement Issue will be offered on 13 new Shares for every 10 Shares held, at an Issue Price of $0.01 per Share to raise $5.9 million, with 1 Option for every 1 Share subscribed for and issued (3 year term, $0.02 exercise price). Supported by institutional and sophisticated investors, including SG Hiscock & Company who has agreed to priority sub-underwrite approximately $556,000 of the Offer. CEO and other executives have agreed to act as priority sub-underwriters for $95,000. The commercial appeal of the acquisition of Data Centre 3 Pty Ltd's assets in Hobart, Tasmania, remains unchanged and the Company is committed to the acquisition - FY19 revenue of approximately $860,000 and EBITDA of approximately $450,000. ANZ banking facility renegotiated - principal and interest holiday for 6 months, saving $140k/month. DXN is aiming to refinance to a more favourable facility and release $2.0m restricted cash for additional working capital. Board recently reduced to 3 Directors, significantly reducing Board fees. DXN is confident data centre tailwinds will result in growth in shareholder value.

08/04/2020

The company releases its constitution.

06/04/2020

The company releases the Results of Meeting.

06/04/2020

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

06/04/2020

name changed from The Data Exchange Network Limited

26/07/2019

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

     

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    John BaillieChairman23/05/2019
    Matthew MaddenCEO19/08/2019
    Simon ForthCOO04/02/2019
    Greg BlenkironCFO25/10/2019
    John DuffinIndependent Director01/10/2018
    Richard CardenNon Exec Director11/04/2018
    Richard WhitingExecutive04/02/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Douglas LohNon Exec Chairman16/04/201819/03/2020
    Terry SmartNon Exec Director11/04/201819/03/2020
    Timothy DesmondDirector01/10/201819/03/2020
    George LazarouCFO11/04/201825/10/2019
    Peter ChristieManaging Director, CEO11/04/201804/02/2019

    Date of first appointment, title may have changed.