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Link Market Services Limited Sydney
Level 12, 680 George Street Sydney NSW 2000
Tel : +61 1300 361 735
Fax : 02 9287 0303
RegistryWebsite RegistryEmail

Company details

Address: Level 11, 139 Macquarie St, SYDNEY , NSW, AUSTRALIA, 2000
Tel:  (02) 80181188Fax: (02) 8084 9918

Date first listed: 28/01/2003

Sector: Diversified Financials Industry Group: XFJ
Activities: Investing primarily in securities in the ASX/S&P 200 Index, bills of exchange, debentures and other permitted securities

News & Events

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name changed to Armidale Investment Corporation Limited


administrators have been appointed to Wallace Funds Management P/L former fund manager for WAB


the Takeovers Panel has made further interim orders firming up earlier orders that Wallace Absolute Return Ltd must not ask the ASX to lift a suspension of deferred settlement trading of new shares from its rights issue and not issue or allot any new shares under the issue without Panel approval


Armidale Investment has offered Wallace shareholders 5.9c per share, conditional, among other things, upon discontinuation of Wallace's capital raising. Wallace says it is not within its control to discontinue or defer the closing date of the issue due to an underwriting agreement with E-quest Pty Ltd, who has not agreed to discontinue the issue. Armidale has said that it doesn't accept that Wallace is unable to terminate the issue and that it was prepared to indemnify Wallace against a claim by the underwriter up to the amount of the commission, $62,813. Armidale also said it was prepared to help with financing Wallace's business during the offer period and to "take any other reasonable steps to minimise the adverse consequences of discontinuing the rights issue"


the securities will be suspended from quotation pursuant to WAB's current rights offer


the Takeovers Panel has made interim orders requiring Wallace Absolute Return Ltd (WAB) to: * immediately take all action necessary to suspend deferred settlement trading of new Wallace shares to be issued under the renounceable rights issue; * as soon as possible announce on ASX the suspension of the deferred settlement trading of new Wallace shares; and * not shorten the offer period under the rights issue without first giving the panel 24 hours' notice of its intention to do so. This was in response to an application from Armidale Investment Company Pty Ltd in relation to the fully underwritten rights issue, which was announced by Wallace on May 5 and was seeking to raise $2.51m by issuing 71.79m new shares at 3.5c. On or about June 4 Armidale proposed a cash takeover bid for Wallace conditional on, among other things, the cancellation of the rights issue and achieving 50.1pc of acceptances



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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

    28/11/2011Mark Schiliro30,000$0.076$2,280
    23/11/2011Stephen White700,000$0.075$52,500
    21/11/2011Mark Schiliro52,959$0.075$3,972
    17/11/2011Mark Schiliro34,703$0.075$2,603
    16/11/2011Gabriel Radzyminski156,000$0.070$10,920

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    Gabriel RadzyminskiChairman21/09/2010
    Michael BirchCEO
    Mark SchiliroNon Exec Director13/08/2010
    Mark SmithDirector21/09/2010
    Stephen WhiteDirector21/09/2010
    James LonieAlternate Director
    David FranksCompany Secretary

    Date of first appointment, title may have changed.

    SPECIAL NOTE: During May 2024 we are working to remove duplications in the Company Secretary role.

    Directors & Executives (former)


    Date of first appointment, title may have changed.