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27 July 2024
| Name: | ORBITAL CORPORATION LIMITED (OEC) | |||||||||
| ISIN: | AU000000OEC2 | |||||||||
| Date of Listing: | 24 January 1989 | |||||||||
| Former Names: |
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Stock Exchange Status: (updated daily)
This entity is currently listed and quoted on the Australian Securities Exchange.Legal Status: (updated monthly)
ACN: 009 344 058ABN: 32 009 344 058
Registration Date: 30 September 1988
Capital Gains Tax (CGT) Status: (updated at least quarterly)
To crystallise a capital gain or capital loss on your securities in this entity, you are able to sell your securities on-market in the normal manner. If you determine that the market in your securities is illiquid and you still wish to crystallise a capital gain or loss, kindly contact deListed at admin@delisted.com.au for suggestions as to how you might proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| FROM | TO | |
| ORBITAL CORPORATION LIMITED | 01/11/2004 | |
| ORBITAL ENGINE CORPORATION LIMITED | 29/11/1990 | 01/11/2004 |
| SARICH TECHNOLOGIES LIMITED | 29/11/1990 |
Link Market Services Perth
Level 12 QV1 Building 250 St Georges Terrace Perth WA 6000
Tel : +61 8 9211 6670 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail
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The suspension of trading in the securities of Orbital Corporation Ltd will be lifted immediately following the release by OEC of an announcement regarding clarification of a dispute in relation to the reimbursement of costs to the Company from Insitu due to Insitu's termination of the third engine development program under its long term supply agreement. | 01/07/2022 |
Insitu confirmed a termination of convenience of the third engine development program under its long term supply agreement with Orbital UAV. Orbital UAV submitted a reimbursement claim of A$1.8 million to Boeing Insitu on 10 March 2022. This reimbursement claim was calculated as per the contracted terms under which the Termination of Convenience entitles Orbital UAV to claim full reimbursement of all costs incurred on the program up to the date of termination. On 24 June, Orbital UAV received formal advice that Boeing Insitu would contest Orbital UAV's claim. Boeing Insitu is disputing the total value of the reimbursement claim and the level of information required to support the claim. Orbital UAV maintains the validity of the A$1.8 million reimbursement claim and is now working with Boeing Insitu to specifically address the disputed issues, with the intention of pursuing the full recovery of the amount claimed. Orbital UAV's full year revenue and other income for financial year 2022 has been impacted by factors related to Boeing Insitu production and development programs. The WA Government loan offset milestones are currently being renegotiated with the WA government. The ompany has received confirmation from the WA Government that loan repayments will not fall due while the milestones are under negotiation. Unaudited revenue and other income for FY22 is now expected to be approximately A$19 million with a resulting net loss of approximately A$7 million. The company has established an unsecured standby working capital facility of up to A$1 million with the ICM Group, which currently holds 30% of Orbital Corporation shares. | 01/07/2022 |
The securities of Orbital Corporation Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OEC, pending the release of an announcement regarding clarification of a dispute in relation to the reimbursement of costs to the Company from Insitu due to Insitu's termination of the third engine development program under its long term supply agreement. | 24/06/2022 |
we understand that on or about this date the company consolidated its shares 1 for 10 | 12/11/2010 |
shares reinstated to quotation | 10/06/2010 |
shares suspended from quotation pending release of an announcement | 03/06/2010 |
shares reinstated to quotation | 14/11/2006 |
shares suspended from quotation pending release of an announcement | 10/11/2006 |
name changed from Orbital Engine Corporation Limited | 01/11/2004 |
The suspension of trading in the securities of Orbital Corporation Ltd will be lifted immediately following the release by OEC of an announcement regarding clarification of a dispute in relation to the reimbursement of costs to the Company from Insitu due to Insitu's termination of the third engine development program under its long term supply agreement. | 01/07/2022 |
Insitu confirmed a termination of convenience of the third engine development program under its long term supply agreement with Orbital UAV. Orbital UAV submitted a reimbursement claim of A$1.8 million to Boeing Insitu on 10 March 2022. This reimbursement claim was calculated as per the contracted terms under which the Termination of Convenience entitles Orbital UAV to claim full reimbursement of all costs incurred on the program up to the date of termination. On 24 June, Orbital UAV received formal advice that Boeing Insitu would contest Orbital UAV's claim. Boeing Insitu is disputing the total value of the reimbursement claim and the level of information required to support the claim. Orbital UAV maintains the validity of the A$1.8 million reimbursement claim and is now working with Boeing Insitu to specifically address the disputed issues, with the intention of pursuing the full recovery of the amount claimed. Orbital UAV's full year revenue and other income for financial year 2022 has been impacted by factors related to Boeing Insitu production and development programs. The WA Government loan offset milestones are currently being renegotiated with the WA government. The ompany has received confirmation from the WA Government that loan repayments will not fall due while the milestones are under negotiation. Unaudited revenue and other income for FY22 is now expected to be approximately A$19 million with a resulting net loss of approximately A$7 million. The company has established an unsecured standby working capital facility of up to A$1 million with the ICM Group, which currently holds 30% of Orbital Corporation shares. | 01/07/2022 |
The securities of Orbital Corporation Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OEC, pending the release of an announcement regarding clarification of a dispute in relation to the reimbursement of costs to the Company from Insitu due to Insitu's termination of the third engine development program under its long term supply agreement. | 24/06/2022 |
we understand that on or about this date the company consolidated its shares 1 for 10 | 12/11/2010 |
shares reinstated to quotation | 10/06/2010 |
shares suspended from quotation pending release of an announcement | 03/06/2010 |
shares reinstated to quotation | 14/11/2006 |
shares suspended from quotation pending release of an announcement | 10/11/2006 |
name changed from Orbital Engine Corporation Limited | 01/11/2004 |
Your browser may reflect a date of printing in American format.
Enquiries about this company should be initiated here: https://www.delisted.com.au/TraceLostSharesLostMoney/index | 08/05/2020 08:04:44 |
Hi there, Hoping you can help me, back in the 80's i bought into sarich technologies now orbital engines, trying to find out about them, as I have lost information. Thank you. Regards Lyn Taylor 0428 224 440 lynjtaylor@hotmail.com | 08/05/2020 07:45:49 |
Purchases Sales
| DATE | DIRECTOR | NUMBER | PRICE | AMOUNT |
|---|---|---|---|---|
| 28/09/2023 | Steve Gallagher | 150,000 | $0.146 | $21,922 |
| 26/09/2023 | John Welborn | 225,018 | $0.140 | $31,517 |
| 30/11/2018 | Kyle Abbott | 30,000 | $0.500 | $14,987 |
| 28/11/2018 | John Welborn | 70,897 | $0.500 | $35,449 |
| 06/11/2017 | Todd Alder | 188,000 | $0.531 | $99,859 |
| NAME | TITLE | DATE OF APPT |
|---|---|---|
| John Welborn | Chairman, Independent Director | 17/06/2014 |
| Andrew Mills | Interim CEO | 26/09/2023 |
| Thomas Spencer | CFO, Company Secretary | 31/10/2022 |
| Steve Gallagher | Non Exec Director | 12/04/2017 |
| Grant Lukey | Non Exec Director | 01/12/2023 |
| Kyle Abbott | Non Exec Director | 01/05/2018 |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Todd Alder | Managing Director, CEO | 18/11/2016 | 26/09/2023 |
| David Bonomini | CFO | 10/02/2020 | 31/10/2022 |
| Roule Jones | CFO | 16/08/2017 | 10/02/2020 |
| Terry Stinson | Non Exec Director | 21/06/2008 | 18/11/2019 |
| John Poynton | Non Exec Director | 18/03/2015 | 12/04/2017 |
| Ian Veitch | CFO | 08/02/2013 | 18/11/2016 |
| Vijoleta Braach-Maksvytis | Non Exec Director | 31/03/2008 | 18/03/2015 |
| Merv Jones | Non Exec Director | 02/09/2013 | 18/03/2015 |
| Peter Day | Non Exec Director | 22/08/2007 | 28/02/2014 |
| Keith Halliwell | CFO | 14/08/2000 | 08/02/2013 |
Date of first appointment, title may have changed.
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