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OLIVER'S REAL FOOD LIMITED(OLI)

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

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 

Shareholder links

Our website ranking of OLI: rating 2
(2 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: AU000000OLI4
Address: 10 Amsterdam Circuit, WYONG, NSW, AUSTRALIA, 2259
Tel:  +61 2 4353 8055 Fax: 

Date first listed: 21/06/2017
Company Secretary: Nyla Bacon
Sector: Consumer Services Industry Group: 
Activities: Fast Food Restaurant Franchise

News & Events

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The company releases a letter to all shareholders in relation to orders made by the Federal Court in relation to the company's court application for orders validating sales of shares. The Federal Court hearing took place on 27 April 2021 and the company was successful in obtaining the orders sought.

30/04/2021

The company lodges its Quarterly Activities Statement and Appendix 4C.

28/04/2021

The Federal Court Proceedings were commenced on 20 April 2021 and the hearing took place at 9:15 am (AWST) on 27 April 2021. The Federal Court made orders declaring that any offers for sale or sale of any of the subject shares were not invalid by reason of the failure to issue a cleansing notice or cleansing prospectus when those shares were issued. The Federal Court also made orders declaring that any parties who traded in the subject shares are relieved from civil liability, save for present and past directors and officers, the former director who was issued with (and on-sold) the shares, that former director's nominee company and the present and past directors and officers of that nominee company.

27/04/2021

Shareholders in this company should consider crystallising a capital loss in 2020/21 by selling their worthless shares, which they can achieve 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.

27/04/2021

The company releases a response to ASX query letter.

23/04/2021

The Company has progressed the actions referred to in that announcement to seek declarations and other relief under section 1322(4) of the Corporation Act regarding the on-sale and secondary sales of the Company's shares and can advise shareholders that a hearing in the Federal Court will take place on Tuesday 27 April 2021 at 11.15am AEST.

21/04/2021

The company releases an update on the notice of Proposed issue of Securities - OLI.

19/04/2021

The company's general meeting will be held as a virtual meeting only, online at web.lumiagm.com/332958571 at 10:00 am (Sydney Time) on Thursday 20 May 2021.

19/04/2021

The company releases a copy of a letter to all shareholders in relation to a court application for orders validating sales of shares.

19/04/2021

ASX has revisited the matter of the On-Sale in a letter received on April 6 2021. The Board has decided to seek orders from the Federal Court of Australia validating the On-Sale and any subsequent sales of those shares so that these sales are not caught by the secondary sale provisions.The company will be seeking declarations and other relief, which enables the Court to validate procedurall and administrative irregularities. The process may take some time, current advice is perhaps one month. The EGM, to approve the $1.5M second tranche of the private placement announced on 10 March 2021, will be held on 20 May 2021.

13/04/2021

The company has received binding commitments from two further sophisticated and professional investors to participate in the second tranche of the placement, subject to receipt of shareholder approval. The company's Board has placed a hold on the share purchase plan, which clearly compromises its ability to raise funds from retail investors.

06/04/2021

The company releases a response to the ASX query.

31/03/2021

The consolidated entity's previously issued consolidated interim financial statements for the half-year ended 31 December 2021, dated 25 February 2021, have been withdrawn and replaced by the consolidated half-year financial statements HY 2021.

31/03/2021

The company has signed off on a restructure of the business, resulting in a streamlined and simplified business model. The proposed restructure is the result of a six-month, comprehensive review of the existing business by the CEO and her team, with a view to returning to profitability. As at today's date, one-off costs of $0.9M will be incurred in the coming months to implement the restructure however annualised cost savings have been forecasted at $4.0M in FY2022 enabling the company to achieve a much-improved financial outcome. Most of the restructure is expected to be implemented by June 2021.

23/03/2021

The company releases a cleansing prospectus for an offer of 10 shares at an issue price of $0.10 per share to raise $1.00.

19/03/2021

The company releases an Appendix 2A.

18/03/2021

The company provides an update on the Proposed issue of Securities - OLI.

11/03/2021

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

10/03/2021

The company has commenced a series of funding initiatives that are expected to improve its financial position and ready it for growth. The initiatives will allow access to funds of between $3.5 million and $5.0 million. The company currently has binding commitments for a $2.5 million placement to fund working capital and the expected investment required to take advantage of opportunities as Australia emerges from a period of reduced business activity due to domestic travel restructions resulting from the COVID-19 pandemic. The company currently has a loan from PURE Asset Management for $5.0m. PURE has agreed to reduce the current cash covenants b $1.0 million effective from 5 March 2021. PURE will also be participating in the placement with $0.6 million of support. Investors will also be invited to participate in a share purchase plan for up to $30,000 per investor, at a price that will be determined by the Board. The SPP will be capped at $1.5 million, and investors may be subject to scale-backs.

10/03/2021

The securities of Oliver's Real Food Limited will be suspended from quotation under Listing Rule 17.3, as ASX has determined that OLI's financial condition is not adequate to warrant the continued quotation of its securities and therefore it is in breach of Listing Rule 12.2. The suspension will continue until OLI is able to demonstrate compliance with Listing Rule 12.2.

26/02/2021

The suspension of trading in the securities of Oliver's Real Food Limited will be lifted from the commencement of trading on Monday, 4 May 2020 following receipt of the Quarterly Activities Report for the period ended 31 March 2020.

04/05/2020

The company lodges its Appendix 4C - quarterly.

01/05/2020

suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 May 2020, following failure to lodge the relevant periodic report by the due date

01/05/2020

The securities of Oliver's Real Food Limited will be reinstated to Official Quotation as from the commencement of trading today, Wednesday 6 November 2019 following lodgement of its Annual Report for the year ended 30 June 2019 and Appendix 4C for the quarter ended 30 September 2019.

06/11/2019

The company releases its notice of meeting and proxy form. Oliver's 2019 AGM will be held on Friday, 29 November 2019 commencing at 12.00pm (AEDT), at Mercure Kooindah Waters Central Coast, 40 Kooindah Blvd, Wyong NSW 2259.

05/11/2019

The company will hold its 2019 AGM on 29 November 2019 in Wyong.

05/11/2019

The company releases an Appendix 4G.

05/11/2019

The company releases its Corporate Governance Statement 2019.

05/11/2019

The company lodges its Appendix 4C - quarterly.

05/11/2019

The company lodges its Full Year Statutory Accounts.

31/10/2019

The company releases a letter to its shareholders detailing the reason for the delay of the lodgment of its FY19 audited acounts.

31/10/2019

Strong trading and tight management controls have delivered a positive unaudited EBITDA of $466k for Q1 FY20.

24/10/2019

The audit and annual report has been lodged with ASX on 17 October 2019 and it is going through the ASX process and review. That is anticipated to be released, and the company's securities relisted, as soon as this is completed.

21/10/2019

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 1 October 2019, following failure to lodge the relevant periodic report by the due date.

01/10/2019

listed entity carried for record purposes only

21/06/2017
OFX Transferring Money Internationally to Free

 

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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
    23/12/2020Jason Gunn-892,016$0.069$61,873
    13/11/2020David McMahon-30,000$0.086$2,565
    23/10/2020Jason Gunn60,000$0.058$3,499
    13/10/2020Jason Gunn20,000$0.051$1,010
    11/09/2020Jason Gunn20,000$0.044$880

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Kimley WoodChairman25/11/2020
    Tammie PhillipsCEO17/06/2020
    Rob Ross-EdwardsCFO01/12/2020
    Steven MetterNon Exec Director11/03/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jason GunnChairman, CEO21/06/201704/03/2021
    Amanda GunnNon Exec Director28/02/201904/03/2021
    David McMahonExecutive Director, CFO16/04/201901/12/2020
    Anni BrownjohnIndependent Director14/10/202020/11/2020
    Nicholas DowerNon Exec Chairman11/03/201902/05/2020
    Rowena HubbleCFO07/02/201916/04/2019
    Kathy HatzisNon Exec Director21/06/201711/03/2019
    Alan LeeCFO21/06/201703/03/2019
    Gregory MadiganCEO09/04/201801/03/2019
    Peter RodwellNon Exec Director21/06/201728/02/2019
    John DiddamsNon Exec Director21/06/201728/02/2019
    Mark RichardsonChairman21/06/201726/02/2019

    Date of first appointment, title may have changed.