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Suspended from ASX


Former (or subsequent) names

VPCL LTD01/10/2018
VELPIC LIMITED02/10/201501/10/2018

Shareholder links



Link Market Services,Level 21, 10 Eagle Street Brisbane QLD 4000

Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000VPC3
Address: 36/38 Manchester Lane, Melbourne
Tel:  1800 463 828 Fax: 08 6166 0261

Date first listed: 28/07/2011
Company Secretary: Chris Mews
Sector: Energy Industry Group: XEJ
Activities: Coal exploration

The company lodges its Preliminary Final Report.


The company lodges its Appendix 4C and Quarterly Report.


The company lodges its Appendix 4C and Quarterly Report.


The company lodges its Half Yearly Report and Accounts.


The company lodges its Appendix 4C and Quarterly Report.


The company releases its constitution.


The company releases the results of its meeting.


114,963,777 options exercisable at $0.02 each will expire on 30 November 2019.


The company lodges its Appendix 4C and Quarterly Report.


The company's AGM will be held at 10:00 am (Melbourne time) on 29 November 2019 at Unit 36 28 Manchester Lane MELBOURNE VICTORIA 3000.


VPCL is pleased to confirm it has received payment of the $2.05m for sale of the Velpic business.


The company has received confirmation from Damstra that it has completed its capital raising and is in a position to complete the one-off payment of the deferred consideration of $2.05 million referred to in the 31 July 2019 announcement relating to the sale of the company's LMS business to Damstra in 2018. Under the terms agreed by the Company and Damstra, this one-off payment was to be made by 15 October 2019, otherwise an interest component was to be paid by Damstra. Damstra has requested, and the company has agreed, to extend the payment date out to 18 October 2019 without any interest component being charged in order for Damstra to complete its final processes following its capital raising and make this payment. The company expects that Damstra will complete this transaction by making payment of the amount of $2.05 million to the company on or before 18 October 2019.


The company lodges its Annual Report to shareholders.


The company releases its Appendix 4G.


The company lodges its Preliminary Final Report.


In preparing for the upcoming audit, the Board and the external accountants have identified that the calculation of the NPV and associated interest reported in the financial accounts at 31 December 2018 was incorrect and not picked up during the review process. This has resulted in the receivables at 31 December 2018 in the Consolidated Statement of Financial Position to be understated, gain from discontinued operations to be understated and interest revenue in the Statement of Profit and Loss to be overstated. The adjustment to the NPV and interest in respect to this adjustment are non-cash related.


The company lodges its App 4C & Quarterly Report.


An agreement has been reached with Damstra to settle the deferred component of the sale of the LMS business in a single lump sum payment. Damstra is required to pay 3.5 times the total annual revenue earned by Damstra from all contracts that were assigned to Damstra over the three years after settlement up to a total payment of $2.8m. To date the maximum outstanding consideration is circa $2.3m. VPC and Damstra entered into an agreement to potentially bring forward the deferred consideration by the payment of a lump sum of $2.05m payable on 15 October 2019.


The company lodges its App 4C & Quarterly Report.


The company lodges its Half Yearly Report and Accounts.


The company lodges its App 4C & Quarterly Report.


The securities of VPCL Limited will remain suspended in accordance with Listing Rule 17.3 until VPC is able to demonstrate compliance with Listing Rule 12.1 of the Listing Rules or until the Company has complied with Chapters 1 and 2 of the Listing Rules in accordance with Listing Rule 11.1.3.


VPC is pleased to announce a strategic investment of $500,000 to acquire a minority interest (5.21%) in alternative lender and new Australian financial technology company, Lumi, as part of Limi's recent capital raising of $31.5million (comprising of $25 million in debt and $6.5 million in equity). The Company is now pleased to advise that the various shareholders of NowForce, of which the Company is only a minor holder, have accepted an offer for all of their respective interests in NowForce. The Company is now expected to imminently receive an initial payment of approximately $1.245 million (US$895,900) for its interest in NowForce with a further approximate $219,000 (US$158,000) held in an escrow account for 18 months from completion. The Company now currently has approximately $1.007 million in cash at bank, with a further $1.245 million expected to be received imminently once initial funds are received from the NowForce sale, taking the Company's cash to $2.252 million. The Company continues to investigate opportunities for new investment or acquisition following the disposal of the Company's main business undertaking to Damstra Technology.


The company releases the results of its AGM.


The securities of VPCL Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of VPC, pending the release of an announcement regarding a market update on its recent activities.


name changed from Velpic Limited


ASX Announcements (courtesy of ASX)


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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    21/12/2016Russell Francis1,000,000$0.017$17,356
    18/03/2015John Lester100,000$0.020$2,011
    18/03/2015John Lester100,000$0.020$2,011
    22/12/2014John Lester51,000$0.020$1,020
    17/12/2014Hugh Dai340,000$0.022$7,300

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Leanne GrahamNon Exec Chairman10/10/2015
    Russell FrancisCEO22/10/2015
    David WheelerIndependent Director02/04/2020
    Christopher MewsNon Exec Director13/07/2018

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Justin KlintbergNon Exec Director03/04/201802/04/2020
    Daniel RohrNon Exec Director10/12/201503/04/2018
    Harry KarelisNon Exec Director19/10/201403/04/2018
    Patrick ConnellExecutive Director22/10/201525/10/2016
    Glen MooraExecutive Director22/10/201525/10/2016
    John LesterNon Exec Chairman08/02/201130/10/2015
    Noel HalgreenNon Exec Director16/11/201222/10/2015
    Hugh DaiExecutive Director, CEO08/02/201122/10/2015
    Glenn SimpsonCEO16/01/201306/06/2014
    David RoundCFO21/11/201101/03/2013

    Date of first appointment, title may have changed.