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NETLINKZ LIMITED (NET)

Listed on ASX

SHARE PRICES

Former (or subsequent) names

 FROMTO
NETLINKZ LIMITED17/10/2016
IWEBGATE LIMITED15/12/201417/10/2016
MY ATM HOLDINGS LIMITED15/12/2014

Shareholder links

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

 

REGISTRY:

Computershare, Level 11, 172 St Georges Terrace, Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000NET8
Address: Suite 11, 50 Stanley Street Darlinghurst NSW 2010
Tel:  +61 2 9329 9701 Fax: +61 2 9264 9889

Date first listed: 13/01/2011
Company Secretary: Winton Willesee, Erlyn Dale
Sector: Software & Services Industry Group: XIJ
Activities: Delivery of virtualized network services through a Virtual Services Platform (VSP)

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

31/07/2020

Proposed Convertible Note issue is subject to shareholder approval and agreement with potential investors and is to be used to repay current loan facilities with Lind and CST and strengthen the Netlinkz balance sheet. Proposed issue of 20m Convertible Notes which in aggregate convert to a maximum of 200m shares. Each Convertible Note will have 7.5 Attaching Options exercisable at A$0.10 each within two years from the date of issue and converting into fully paid ordinary Netlinkz shares "“ provides a potential future source of growth capital for the Company. The proposed Convertible Notes are less dilutive as a result of having a conversion price of A$0.101 each, which after taking into account the 10% face value discount is a ~55% premium to the last closing price and removes any "˜overhang' of stock. Net would have the right of first refusal to pay out any conversion of the Convertible Notes at the five day VWAP as opposed to allowing conversion. The funds proposed to be raised are also proposed to be used to seek to drive sales of the VSN in China through the AOFA structure as well as targeting multiple growth opportunities for the VSN in other geographic regions, including Japan. Netlinkz has also reached agreement with Lind and CST in relation to the repayment and future termination of the pre-existing Share Purchase and Convertible Security Agreements with each of those parties.

31/07/2020

The company is in the final stages of finalising the proposed capital raising and the refinancing of the company's existing debt facilitiets. The company therefore requests that its securities remain in suspension until the release of an announcement concerning the above matters, which it expects to be in a position to do by no later than 31 July 2020.

21/07/2020

The Company advises that it requires further time to finalise the matters in relation to the proposed capital raising and the refinancing of the Company's debt facilities, and accordingly, the Company requests that its securities remain in suspension until the release of an announcement concerning above, which it expects to be in a position to do by no later than Friday, 17 July 2020.

06/07/2020

The company has become aware that it has exceeded its capacity to issue equity securities without security holder approval under ASX listing rule 7.1.

01/07/2020

The company requires further time to finalise the proposed capital raising, and accordingly requests that its securities remain in suspension until the release of an announcement concerning the capital raising, which it expects to be in a position to do by no later than Monday, 6 July 2020.

29/06/2020

The Company requires further time to finalise the proposed capital raising, and accordingly requests that its securities remain in suspension until the release of an announcement concerning the capital raising, which it expects to be in a position to do by no later than Monday, 29 June 2020.

24/06/2020

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

19/06/2020

The suspension of trading in the securities of Netlinkz Limited will be lifted from the commencement of trading on Tuesday, 14 April 2020, following the release by NET of an announcement regarding a transaction and the receipt of responses to ASX queries.

09/04/2020

The company issues a response to ASX Query Letter.

09/04/2020

The company has completed the acquisition of AOFA Software Engineering. Netlinkz paid A$2,587,000 to acquire AoFa and its sales and distribution rights for China. There are no further payments or securities to be issued for the acquisition of AoFa.

09/04/2020

The company issues a response to ASX Aware Query.

13/03/2020

The securities of Netlinkz Limited will be suspended from quotation immediately under Listing Rule 17.3. The securities will remain suspended pending response to ASX queries.

04/03/2020

The suspension of trading in the securities of NetLinkz Limited will be lifted immediately following the release by NET of an announcement regarding the finalisation of an equity issue.

05/12/2019

The company completes a share placement to sophisticated and professional investors by way of the issue of 25,000,000 new fully paid ordinary shares at a price of $0.13 per placement share to raise $3.25 million. Funds raised under the placement will provide working capital for: the company's joint venture with iSoftStone in China (with sales to begin by the joint venture company 'iLinkAll' in late December 2019); and the establishment and funding of the company's IoT Lab in Tokyo.

05/12/2019

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

02/12/2019

The securities of Netlinkz Limited will be reinstated to Official Quotation as from the commencement of trading today, Monday, 29 October 2018 following lodgement of its Statutory Accounts for the year ended 30 June 2018.

29/10/2018

The latest version of the company's product, a software only based Virtual Invisible Network (VIN), is being released to China Telecom following continuing refinement and development by Netlinkz engineers. The company is moving to a low touch software solution to allow easier implementation on devices and to reduce sales and support costs for its Reseller and China Telecom. Sales have commenced in Nanjing (population 8 million) with over 400 VINs sold in the first week. Sales in Wuxi are in excess of 14,000 VINs. Following the final pilot stage of deployment in Wuxi and testing in Nanjing, a full deployment release in the nominated cities will begin in November. The company through its appointed Reseller, will receive recurring monthly revenue, which the company currently estimates being A$ .90 per VIN per month, in the form of monthly royalty payments per device from the gross payments received by the Reseller.

26/10/2018

The company releases its Appendix 4G - Corporate Governance Statement FY18.

26/10/2018

The securities of NetLinkz Limited will be reinstated to Official Quotation as from the commencement of trading on Monday, 29 October 2018 following lodgement of its Statutory Accounts for the year ended 30 June 2018.

26/10/2018

The company lodges its Full Year Statutory Accounts.

26/10/2018

The company issues a prospectus for the conditional offer of 1,000 shares at an issue price of $0.03 each to raise $30.00. The offer is not underwritten.

15/10/2018

NetLinkz Limited advises that due to an unforeseen difficulty in obtaining loan confirmation documentation from QMAC in the United States, the company's audited accounts are still being finalized. The Board has been informed that all necessary steps have been taken and the accounts will be finalized and lodged early next week.

11/10/2018

Due to an unforeseen delay in the provision of the company's audited accounts, lodgement with the ASX by 30 September has been delayed. This is a purely administrative matter. The Board has been advised that all documentation should be lodged by 3 October, 2018 at which time the temporary suspension will be lifted.

02/10/2018

The securities of the company will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2018, following failure to lodge the relevant periodic report for the period ended 30 June 2018 by the due date.

01/10/2018

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

12/07/2018

The company has completed a Placement of 48,458,324 shares at $0.031 to raise $1,502,217 from professional and sophisticated investors. Settlement and issue of 26,168,302 shares is expected on 16 July 2018 and 22,290,322 shares on 1 August 2018. The funds raised under the Placement will be used for NetLinkz's operations and business objectives, to pay outstanding creditors, and for general working capital purposes.

12/07/2018

The securities of NetLinkz 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 capital raising.

03/07/2018

The suspension of trading in the securities of Netlinkz Limited will be lifted prior to the commencement of trading tomorrow, Thursday 22 March 2018 following receipt of the Company's half year accounts pursuant to Listing Rule 17.8.

21/03/2018

The company lodges its Half Year Accounts.

21/03/2018

The company announces the creation of another distribution agreement in China between NetLinkz China and Suzhou Fu Ju Cloud Technology.

05/03/2018

The securities of Netlinkz Limited will be suspended from quotation immediately, at the request of the Company, pending the release of the Company's Half Year financial statements.

28/02/2018

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

07/12/2017

The company has received firm commitments for the Placement of 62,500,000 shares at $0.02 to raise $1,250,000 from professional and sophisticated investors. The Placement will be undertaken within the Company capacity under LR7.1 for 2,129,240 shares, under LR7.1A for 56,827,372 shares, and subject to shareholder approval for 3,543,388 shares.

07/12/2017

The securities of Netlinkz Limited will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising.

05/12/2017

The suspension of trading in the securities of NetLinkz Limited will be lifted immediately, following receipt of an announcement regarding the Company's corporate restructure and proposed funding.

23/08/2017

The company has now completed all matters pertaining to the reasons for its voluntary suspension. NetLinkz provides a summary of the following matters completed and announced during the suspension: corporate restructure, business strategy, fundraising, SCM liquidity support, balance sheet restructure, general meeting and relisting.

23/08/2017

China Telecom Wuxi has signed sales contracts to provide NetLinkz's patented cloud networking solution to an initial five customers in the Xinwu region. The technology is expected to be rolled out to this group over the coming two months.

23/08/2017

King River Copper Limited is pleased to provide an update on metallurgical testwork completed by Nagrom the Mineral Process on a composite sample from the high grade zone of the Central Vanadium-Titanium deposit at Speewah.

21/08/2017

The company lodges its Appendix 4C - quarterly report.

02/08/2017

The company has entered into a conditional Subscription Agreement with QMAC Capital International Partners pursuant to which QMAC has agreed to subscribe for the issue of 315,000,000 new fully paid ordinary shares in the company at an issue price of A$0.02 per share to raise A$6,300,000.

06/06/2017

Netlinkz Limited is nearing completion of a corporate restructure that to date, has seen monthly costs reduced by over 60 per cent and the Company reorganised to support a new strategy of licensing of its proprietary software to key global telecommunication and IT providers with large customer bases.

01/06/2017

The company has successfully completed China Telecom's User Acceptance Testing in Wuxi, China. In addition and by agreement, Netlinkz products hae been admitted into the China Telecom Wuxi product catalogue with an assigned Stock Keeping Unit with pricing.

25/05/2017

The company issues a response to ASX Query.

18/05/2017

The company lodges its Appendix 4C - quarterly report.

04/05/2017

After extensive internal testing of the technology, Blue Tech Incorporated has purchased 25 Netlinkz Limited software licenses to enhance its own internal network infrastructure and continues to work with Netlinkz on growing its presence in the United States.

06/04/2017

The company releases a response to the Appendix 3Y Query.

29/03/2017

The company has completed an MOU with China Telecom Wuxi and its proprietary technology has begun being trialled with a selection of China Telecom customers after successfully completing internal testing.

03/03/2017

The company lodges its Half Yearly Report and Accounts.

01/03/2017

The company has entered into a non-exclusive joint venture agreement with JianNan Information Technology aimed at growing the company's revenues in China through strategic licensing of its proprietary cloud network technology. THe joint venture has successfully secured a customer trial of its technology with China Telecom Wuxi and is in ongoing negotiations with the organisation to commercialise the technology through its substantial customer base, pending a successful trial result.

20/02/2017

The company is continuing its negotiations to complete significant joint venture partnerships in China and the USA, and involve dealing with government bodies, strategic partners and are subject to regulatory approval processes in finalizing the agreements. These requirements have resulted in completion taking longer than expected. The voluntary suspension is expected to end on the date announcements relating to these agreements are released to the market. These are anticipated to be made within the next 2 to 3 weeks.

06/02/2017

The company lodges its Appendix 4C - quarterly report.

31/01/2017

NetLinkz  Limited  advises  it  is  continuing  its  negotiations  in  relation  to  significant  customer contracts and completion of the capital raising at 4.5 cents per share. Completion is anticipated to be completed by 25 January 2017. The  voluntary  suspension  is  expected  to  end  on  the  date  the  anticipated announcements referred to above are released to the market.  

17/01/2017

NetLinkz  Limited  advises  it  is  continuing  its  negotiations  in  relation  to  a significant  customer contract and completion of the capital raising at 4.5 cents per share. The  Company  advises  that  the  voluntary  suspension  is  expected  to  end  on  the  date  the  anticipated announcement referred to above is released to the market which the Company anticipates will occur by the end of the second week in January. 

23/12/2016

The securities of NetLinkz Limited will be suspended from official quotation immediately, at the request of the Company, pending the release of an announcement.

12/12/2016

name changed from Iwebgate Limited

17/10/2016

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    02/03/2020Michael Beck533,000$0.046$24,651
    02/03/2020Michael Beck533,000$0.046$24,651
    16/05/2019James Tsiolis60,000$0.087$5,220
    07/05/2019James Tsiolis60,000$0.079$4,740
    03/05/2019James Tsiolis55,000$0.093$5,088

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    James TsiolisExecutive Chairman, CEO11/11/2015
    Sandy AitkenCOO08/09/2020
    Jim PreketesCOO13/05/2019
    Mathew RyanCFO27/04/2020
    James SticklandNon Exec Director08/09/2020
    Darren PattersonNon Exec Director04/08/2017
    Bruce RathieNon Exec Director21/04/2020
    Hualin ZhangNon Exec Director05/03/2019
    Geoff RabyNon Exec Director08/09/2020
    Mark HarrellDirector10/12/2014
    Grant ThomsonExecutive25/10/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Michael BeckNon Exec Director12/12/201921/04/2020
    Ian RenwoodNon Exec Director21/10/201914/04/2020
    David O'DowdNon Exec Director15/11/201726/11/2019
    Xiaowen ShiDirector03/07/201828/02/2019
    Peter ApostolopoulosNon Exec Director27/12/201702/08/2018
    John GaltNon Exec Director15/11/201704/06/2018
    Robert E. TurnerNon Exec Director02/08/201604/06/2018
    Tim GoochCEO09/12/201404/08/2017
    Trevor CainNon Exec Director07/09/201621/06/2017
    James WakimDeputy Chairman01/02/201703/04/2017
    Suthan NaganayagamManaging Director, CEO26/09/201624/03/2017
    Kathryn FosterNon Exec Director11/11/201530/09/2016
    Kevin GreeneNon Exec Director03/12/201530/09/2016
    Adam SierakowskiChairman23/07/201212/02/2016
    Richard WolanskiDirector01/08/201210/12/2014
    Dennis OngDirector23/07/201210/12/2014
    Steven RosichDirector23/07/201201/08/2012
    Kym WeirChairman14/04/201023/07/2012
    Timothy ScalaManaging Director15/01/201023/07/2012
    Hedley ChapmanNon Exec Director15/01/201023/07/2012

    Date of first appointment, title may have changed.