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INDOOR SKYDIVE AUSTRALIA GROUP LIMITED(IDZ)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of IDZ: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Boardroom Pty Ltd, Level 12, 225 George Street, Sydney NSW 2000

Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000IDZ7
Address: iFly Downunder 123 Mulgoa Road Penrith NSW 2750
Tel:  02 4761 1880 Fax: 02 8088 7939

Date first listed: 18/01/2013
Company Secretary: Stephen Tofler
Sector: Consumer Services Industry Group: XDJ
Activities: Operation of indoor skydiving facility in Australia

News & Events

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The securities of Indoor Skydive Australia Group Limited will be reinstated to official quotation as from the commencement of trading today, Wednesday 26 September 2018 following lodgement of its Appendix 4E Preliminary Final Report for the year ended 30 June 2018 and an announcement regarding the resolution of the dispute with SkyVenture International Limited.

26/09/2018

The company releases its 2018 Results Presentation.

25/09/2018

The company lodges its Preliminary Final Report.

25/09/2018

The company has entered into agreements for a a US$3,789,933 loan facility from SkyVenture International Limited. The facility has been secured to fund the full settlement of the dispute. It comprises promissory notes for US$3,789,933 supported by a second ranking general security agreement. ISA Group's existing financiers have approved the facility.

25/09/2018

The company has reached agreement for the negotiated resolution of various disagreements with SkyVenture regarding the meaning and validity of the purchase and license agreements between them, which prompted arbitration proceedings conducted in the U.S. before a jointly selected arbitrator. To settle the dispute, ISA Group and its affiliates will pay SkyVenture US$3,789,933 and confirm that all intellectual property and know-how they possess regarding the installation, set-up, use, operation, and commercialization of vertical wind tunnels remains the exclusive property of SkyVenture. ISA Group further confirm their commitment to SkyVenture as their worldwide exclusive supplier of wind tunnel equipment now and on a continuing basis.

25/09/2018

The company is not in a position to lodge the Appendix 4E - Preliminary Final Report for the year ended 30 June 2018 by the reporting deadline of 31 August 2018 as required under Listing Rule 4.3B. The resolution of the dispute with SkyVenture International Limited will have a material impact on the preparation of the Appendix 4E. For this reason, the Directors have determined to delay the Appendix 4E until the dispute is resolved and can be properly reflected in the Appendix 4E.

31/08/2018

The company is extending the voluntary suspension of the quotation of its shares. ISA Group expects the suspension to last until the earlier of the commencement of normal trading on 17 September 2018, or the release of an announcement by the Company.

20/08/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

06/08/2018

The extension of the voluntary suspension is necessary while ISA Group seeks resolution of the dispute with SkyVenture to enable the Company to manage its continuous disclosure obligations and to avoid trading in is securities happening on a basis that is not reasonably informed. ISA Group expects the suspension to last until the earlier of the commencement of normal trading on 20 August 2018, or the release of an announcement by the Company.

06/08/2018

The company releases its earnings guidance. The company anticipates the underlying EBITDA for FY2018 to be in the range of $2.2 - $2.4m.

26/07/2018

The securities of Indoor Skydive Australia Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a dispute with SkyVenture International Limited.

23/07/2018

listed entity carried for record purposes only

18/01/2013
OFX Transferring Money Internationally to Free

 

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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
    13/10/2021Wayne Jones325,158$0.027$8,724
    06/10/2021Kim Hopwood130,040$0.026$3,335
    07/09/2021Wayne Jones763,157$0.020$15,500
    31/08/2021Kim Hopwood1,000,000$0.020$20,000
    17/05/2021Wayne Jones476,190$0.021$10,000

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Stephen BaxterNon Exec Deputy Chairman13/08/2012
    Wayne JonesCEO04/11/2011
    Danny HoganNon Exec Director, COO04/11/2011
    Kim HopwoodDirector26/05/2021
    Fiona YiendGeneral Counsel16/10/2013

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jonathan BrettChairman24/09/201815/07/2019
    James SpenceleyDirector24/09/201815/07/2019
    Simon WardNon Exec Director25/09/201812/03/2019
    Ken GillespieNon Exec Chairman, Independent Director18/10/201206/08/2018
    David MurrayNon Exec Director03/02/201426/04/2017
    Kirsten ThomsonNon Exec Director21/06/201626/04/2017
    Malcolm J. ThompsonAlternate Director13/02/201321/06/2016
    John DiddamsNon Exec Director27/07/201203/10/2014

    Date of first appointment, title may have changed.