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M8 SUSTAINABLE LIMITED (M8S)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of M8S: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Brisbane
Level 1, 200 Mary Street Brisbane QLD 4000
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000064552
Address: Unit 1/48 Kelvin Road, Maddington WA 6109
Tel:  +61 8 6140 9500

Date first listed: 11/12/2019
Company Secretary: Alessandra Gauvin, Winton Willesee
Activities: Waste management and recycling

News & Events

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The company lodges its Appendix 4D and Half Year Accounts.

28/02/2024

On Monday, 11 December 2023, the terms of the pooled Deed of Company Arrangement that was executed by the Deed Administrators, M8S, and its wholly owned subsidiary Fernview Environmental Pty Ltd on 1 June 2023 have now been satisfied and the DOCA fully effectuated on 11 December 2023. Effectuation of the DOCA has the effect of ceasing any role of the Deed Administrators of M8S and Fernview, and the Deed Administrators will formally retire from their appointments.

13/12/2023

Under Listing Rule 17.6, an entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday, 21 August 2023 would have its securities suspended from Official Quotation before the commencement of trading on Tuesday, 22 August 2023. The following entity has failed to pay to ASX Limited the annual listing fees for the year ending 30 June 2024 and consequently will have its securities suspended from quotation immediately. The company has failed to pay to ASX the annual listing fees for the year ending 30 June 2024, and its securities are already suspended from quotation.

22/08/2023

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

DOCA executed by M8 Holding Limited on 1 June 2023, control and management of M8S and its wholly owned subsidiary, Fernview Environmental Pty Ltd has reverted to their respective directors. From Transfer of Control, the Deed Administrators role relates to the administration of the DOCA Fund only.

14/06/2023

On Thursday, 1 June 2023, M8S executed the pooled Deed of Company Arrangement. Execution of the DOCA has the effect of appointing Rob Kirman, Rob Brauer and Jonathan Henry of McGrathNicol as Deed Administrators of M8S, and its wholly owned subsidiary, Fernview Environmental Pty Ltd. The Deed Administrators are responsible for the administration of the DOCA, whilst the Voluntary Administrators' appointment has come to an end.

02/06/2023

The Administrators of M8S hereby give notice that they intend to rely on the relief set out in ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251. All financial reporting obligations of M8S are deferred until: if the external administration ends prior to 13 August 2023 (inclusive), 6 months from the date of the appointment of the Administrators; or if the external administration extends beyond 13 August 2023, the earlier of: 24 months from the date of the appointment of the Administrators; and the day the external administration of M8S ends.

20/04/2023

An application was made to the Federal Court of Australia to: extend the period in which to convene the second meeting of creditors of M8S and Fernview to 26 May 2023; and limit the administrators' personal liability with respect to a funding agreement to be entered into with Remagen Invest M8S. Various consequential orders were sought, including that the administrators were justified in signing the funding agreement.

22/02/2023

The Administrators have received written notification from Adroit that, given the appointment of the Administrators amounted to a prescribed occurrence for the purposes of the Notice and the Offer, Adroit will not be proceeding with the Offer and that both the Offer and the Notice have been withdrawn.

21/02/2023

On 22 December 2022 M8S received notices from M8 Holding Limited and Adroit Capital Group ESG Pty Ltd as trustee for the Adroit Capital Group ESG Unit Trust in which they proposed moving respective resolutions at a general meeting. On 12 January 2023 a general meeting of shareholders was convened for 16 February 2023. On 14 February 2023 the Administrators received notices from both Adroit and M8H withdrawing their respective 249D notices. The general meeting of shareholders convened for 16 February 2023 has now been cancelled.

15/02/2023

The Administrators were appointed Voluntary Administrators of Fernview Environmental Pty Ltd, M8S' wholly owned subsidiary. The Administrators are undertaking an urgent assessment of M8S and Fernview and their businesses and assets, and intend to immediately explore options for the sale and/or recapitalisation of both entities. A first statutory meeting of creditors of Fernview must be held within eight business days after the administration begins and is expected to take place on or around 24 February 2023.

14/02/2023

Jonathan Henry, Rob Kirman and Rob Brauer were appointed Voluntary Administrators of M8 Sustainable Limited on 13 February 2023.

13/02/2023

The Administrators are undertaking an urgent assessment of M8S and its business and assets, and intend to immediately explore options for the sale and/or recapitalisation of M8S. A first statutory meeting of creditors must be held within eight business days after the administration begins and is expected to take place on 23 February 2023. Meeting notices setting out the time and location for the first meeting of creditors will be distributed to M8S' creditors over coming days.

12/02/2023

The securities of M8 Sustainable Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of M8S, pending the release of an announcement regarding the $11 million loan facility with Remagen Capital Management Pty Ltd.

10/02/2023

The suspension of trading in the securities of M8 Sustainable Limited will be lifted immediately following the release by M8S of an announcement regarding an alternative funding arrangement.

19/08/2022

The company issues a notice of proposed issue of securities.

19/08/2022

The company has signed an agreement with M8 Holding Limited for a loan facility of up to $10 million by way of the issue of Convertible Notes. M8S is now fully funded to complete the final stage of construction at the Gingin Landfill Facility which includes miscellaneous works, weighbridge and fencing, ahead of commencement of operations.

19/08/2022

The securities of M8 Sustainable Limited will be suspended from quotation immediately under Listing Rule 17.3, pending an announcement regarding an alternative funding arrangement.

19/08/2022

The suspension of trading in the securities of M8 Sustainable Limited will be lifted from the commencement of trading on Thursday, 24 June 2021, following the release by M8S of an announcement regarding a capital raising.

24/06/2021

The company releases an Investor Presentation - June 2021.

24/06/2021

The company releases a notice of proposed issue of securities - M8S.

24/06/2021

1 for 1 Renounceable Rights Issue to raise $4.7 million; priced at $0.02 cents per share, with rights to start trading from 30 June 2021. Major shareholder, M8 Holding Limited (formerly SBANG Sustainable Energies Limited), taking up full entitlement under the offer of approximately $1.67 million. Funds raised will be used for the progressive ramp up of steel activities at Maddington, complete construction of Gingin and supplement working capital to strengthen the balance sheet. Key focus on completing construction and commissioning of the Gingin Landfill Facility with commencement of operations currently expected in Q1 2022.

24/06/2021

The securities of M8 Sustainable Limited will be suspended from quotation immediately under Listing under Listing Rule 17.2, at the request of M8S, pending the release of an announcement regarding a capital raising.

23/06/2021

listed entity carried for record purposes only

11/12/2019

 

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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
    11/11/2022Rodney Illingworth183,329$0.009$1,650
    07/11/2022Rodney Illingworth2,512,309$0.009$22,611
    24/10/2022Rodney Illingworth882,989$0.008$7,329
    13/10/2022Mark Puzey-1,735,950$0.007$13,002
    04/11/2021Mark Puzey450,000$0.023$10,350

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Saithsiri SaksitthisereekulChairman11/12/2019
    Thomas RudasManaging Director, CEO11/12/2019
    Vijay JoshiCFO11/12/2019
    Damien FluggeExecutive Director11/12/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Rodney IllingworthNon Exec Director19/10/202214/06/2023
    Mark PuzeyChairman09/12/201902/12/2022
    Jonathan FisherIndependent Director04/10/202103/12/2021
    Steve HyamsNon Exec Director06/11/202024/11/2021
    Robert McKinnonNon Exec Chairman09/12/201914/10/2020
    Richard AllenNon Exec Director09/12/201914/10/2020

    Date of first appointment, title may have changed.