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ASX, Legal & CGT Status

Former (or subsequent) names

PMP LIMITED14/11/200012/02/2019

Shareholder links

Our website ranking of OVT: rating 3
(3 out of 5)



Computershare, Level 5, 115 Grenfell Street, Adelaide SA 5000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 8 9473 2408 or 1300 534 987
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000038911
Address: Level 4, 60 Union Street, Pyrmont, NSW 2009
Tel:  +61 2 9412 611 Fax: +61 2 9412 6194

Date first listed: 13/02/1992
Company Secretary: Mr Alistair Clarkson
Sector: Commercial & Professional Services Industry Group: XNJ
Activities: Print media production including graphic arts, commercial printing, letterbox distribution and magazine distribution

News & Events

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The suspension of trading in the securities of Ovato Limited will be lifted from the commencement of trading on Tuesday, 29 December 2020, following the release by OVT of an announcement regarding the Supreme Court of New South Wales approving the Creditors' and Members' Schemes of Arrangement and the completion of an entitlement offer.


The company releases an Appendix 2A.


The Court has this morning approved the implementation of the Schemes. The Schemes will become effective today. As a result of the court approval, all conditions to the underwriting and sub-underwriting of the entitlement offer, details of which were announced to the market on 1 December 2020 have now been satisfied or waived. Sub-underwriting of the Entitlement Offer has been provided by the Hannan Family and Are Media. Following the participation of eligible existing shareholders of the Company in taking up their entitlements under the Entitlement Offer, the demand received from new and existing investors in the shortfall bookbuild undertaken for the Entitlement Offer and final allocations to the SubUnderwriters, the Entitlement Offer has successfully raised $40.0m in gross proceeds.


All underwriting and sub-underwriting conditions precedent that relate to the various restructuring workstreams have now been either satisfied or waived by all of the underwriters and sub-underwriters of the entitlement offer, other than for the final approval by the court of the creditors' scheme and member's schemes. The Court hearing to approve the creditors' scheme and members' schemes is scheduled to occur on 18 December 2020.


Ovato has been in discussions with ASX in relation to the Entitlement Offer and, as part of those discussions, applied for and has been granted a waiver by ASX from Listing Rule 7.11.3 of the ASX Listing Rules.


The company releases a shareholder letter to its ineligible shareholders.


The company releases its Entitlement Offer Booklet.


The company releases a Revised Investor Presentation.


The creditors' and member's meetings have now been held. At all member's meetings the proposed resolutions were passed unanimously. The key suppliers and statutory creditors in attendance and voting at the creditors' meeting unanimously voted in favour of the creditors' scheme of arrangement. ASX has agreed to grant a waiver to the operation of the ASX Listing Rules. Ovato has agreed to a suspension of trading of its ordinary shares until 29 December 2020, being the date when new shares proposed to be issued under the Entitlement Offer are expected to commence trading.


The securities of Ovato Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of OVT, pending the release of an announcement regarding the pro rata renounceable entitlement offer announced to ASX on 1 December 2020.


name changed from PMP LIMITED



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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

    25/03/2020Dhun Karai100,000$0.013$1,300
    23/03/2020Michael Hannan21,000,000$0.011$232,906
    20/03/2019Michael Hannan200,000$0.094$18,821
    07/03/2019Michael Hannan127,817$0.095$12,106
    03/03/2019Michael Hannan599,570$0.085$50,863

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Marcia Griffin16/02/1999
    Michael HannanChairman01/03/2017
    James HannanManaging Director, CEO04/06/2021
    John NicholsCOO01/01/2013
    Ian JonesCFO01/12/2021
    Dhun KaraiNon Exec Director01/06/2016
    Ian FraserNon Exec Director04/04/2003
    Andrew McMasterNon Exec Director05/10/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Andrew StedwellCFO01/02/202130/11/2021
    Kevin SlavenManaging Director, CEO01/12/201730/06/2021
    Geoffrey StephensonCFO31/05/201001/02/2021
    Matthew Bickford-SmithChairman20/07/200919/11/2019
    Terry SinclairNon Exec Director10/10/201719/11/2019
    Wai TangNon Exec Director10/10/201710/09/2019
    Stephen AnsticeNon Exec Director01/03/201701/05/2018
    Peter GeorgeManaging Director, CEO24/04/200901/12/2017
    Anthony CheongNon Exec Director04/03/201430/09/2017
    Naseema SparksNon Exec Director17/08/201031/07/2017
    Peter MarginNon Exec Director31/01/201224/08/2016
    Sik GohNon Exec Director17/08/201004/03/2014
    Richard AllelyManaging Director, CEO24/04/200919/10/2012
    Graham ReaneyChairman, Non Exec Director13/09/200318/11/2011
    Ng SiaDirector29/11/200717/08/2010
    Brian EvansManaging Director, CEO31/10/200528/01/2009
    James DonnelleyNon Exec Director03/06/199309/08/2007
    Don MorrisNon Exec Director04/06/199602/11/2006
    David KirkCEO04/03/200314/10/2005
    David FraserNon Exec Director01/08/200001/07/2003
    Robert MuscatExecutive Director, CEO12/10/199828/02/2003
    Peter ChegwynNon Exec Director16/10/2002
    Kenneth CowleyChairman07/03/2001

    Date of first appointment, title may have changed.