2012 News
01.11.12
Update on sale of business
TSC Group Holdings assumed control of Hastie Services, Cowley Services (NZ) and
Spectrum Fire & Security on the 2nd of October 2012. Shareholders in TSC Group Holdings P/L include the senior management
team, Allegro Funds, and a number of large Australian superannuation funds.
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09.07.12
Letter Re ASIC Class Order
The Administrators have requested us to notify the ASX of the Company's intention to rely on the relief set out in ASIC Class Order 03/392 (the Class Order), which provides for an extension to the deadline for the Company to report to its members and lodge a report with ASIC, and an alternative dist ...
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05.06.12
Notice of First Meeting of Creditors
5 June 2012 - The first meeting of creditors for each of the Hastie Group companies has been convened for Thursday 14 June 2012 and Friday 15 June 2012. The report to creditors, proxy form and proof of debt form are available through PPB Advisory’s website www.ppbadvisory.com in the ‘Creditors Info ...
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01.06.12
Group CEO
Hastie Group Limited (in administration) announced that the contract under which the services of Mr Bill Wild, Group CEO were provided has now concluded.Click here to view complete (PDF)
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31.05.12
Resignation of Company Secretary
Hastie Group Limited (in administration) (ASX: HST) advises that Anne Griegg has today resigned as company secretary of Hastie Group.Click here to view complete (PDF)
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29.05.12
Insolvency information for directors, employees, creditors and shareholders
ASIC has 11 insolvency information sheets to assist you if you’re affected by a company’s insolvency and have little or no knowledge of what’s involved. Click here to view complete (PDF)
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29.05.12
Update to Shareholders
The Administrators wish to confirm that: Hastie Group Limited (Hastie) is under administration; only the Administrators can deal with Hastie's property and perform or exercise a function or power as an officer of Hastie; and quotation of Hastie's shares on the ASX has been suspended. Whi ...
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28.05.12
McGrath Nicol - Hastie Media Release 280512
Receivers and Managers appointed to Hastie Group businesses Spectrum Fire & Safety, Hastie Services, Gordon Brothers Industries and Austral Refrigeration.All operations to continue to trade as usual whilst business sales pursued The board of directors of the Hastie Group of companies appointed David ...
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28.05.12
Important Update - Rotary UK and Ireland
To all Customers and SuppliersAs you may be aware, our ultimate Parent company, Hastie Group Limited and its Australian subsidiaries have today been placed into Voluntary Administrator or Receivership in Australia.Click here to view complete (PDF)
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28.05.12
PPB Advisory - Hastie Media Release
PPB Advisory appointed Administrators by Hastie Group Hastie Group Ltd (ASX: HST) has appointed Ian Carson, David McEvoy and Craig Crosbie of PPB Advisory as Administrators to 44 companies in the Hastie Group, effective today.Click here to view the complete (PDF)
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28.05.12
Appointment of Voluntary Administrators
The Directors of the Company and the relevant subsidiaries resolved to place Hastie Group Limited and 44 of its Australian subsidiary companies into voluntary administration. The Directors today appointed Ian M Carson, David L McEvoy and Craig D Crosbie of PPB Advisory, as administrators of the Comp ...
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25.05.12
Resignation of Non-Executive Directors
Hastie Group Limited (ASX:HST) advises that both Lindsay Phillips and Harry Boon have today resigned as non-executive directors of Hastie Group.The Chairman, Phillip Anderson, thanked each of them for their invaluable support and guidance of the Company during their term of office.Click here to view ...
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25.05.12
Market Update - Accounting Irregularities
Hastie Group Limited (ASX:HST) wishes to advise that it has discovered accounting irregularities in respect of its Services Group – Northern Region business. Based on limited investigations, these accounting irregularities will give rise to a charge to profits for the current financial year in the o ...
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19.05.12
Market Update
Hastie Group Limited announced on 15 May 2012 that the Company had submitted two separate comprehensive recapitalisation proposals from two international groups to its banking syndicate. These proposals received in principle support from four banks representing 70% of the total facility. The remai ...
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15.05.12
Market Update
Hastie Group Limited advises further to its ASX release of 11 May 2012 that the Company has today submitted two separate comprehensive recapitalisation proposals to its banking syndicate from two international groups. Both of the proposals would result in Hastie having minimal debt post recapitalis ...
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05.05.12
Market Update
Hastie Group Limited advises, further to its ASX release of 3 May 2012, that the Company remains in detailed discussions with its banking syndicate in relation to recapitalisation options. The Company will update the market on the outcome of these discussions this week.Click here to view complete (P ...
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04.05.12
Appointment of Chief Financial Officer
Hastie Group Limited (ASX:HST) announces the appointment of Ashley Killick as interim Chief Financial Officer, replacing Mark Wratten who has resigned this position to pursue personal interests. Mr Killick’s appointment takes immediate effect.Click here to view complete (PDF)
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03.05.12
Market Update – Waiver of Review Event
As previously announced, the suspension of the Company’s shares from trading constitutes a Review Event under the Syndicated Facility Agreement (SFA) entered into between the Company and its banking syndicate. The Company is pleased to advise that it has now been notified by the banking syndicate t ...
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03.05.12
Market Update - Middle East Dispute
As advised previously, a dispute arose with Dutco Balfour Beatty LLC (“DBB”) in relation to the Al Ali Multiuse Complex – Novotel at Al Bashra, Dubai (Project). DBB purported to terminate the contract on the Project and called for payment of performance guarantees and advance payment bonds (the guar ...
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20.04.12
Market Update - Middle East Dispute
Hastie Group Limited (ASX:HST) was granted a trading halt on 13 April 2012 and a subsequent voluntary suspension on 17 April 2012. This was to ensure that Hastie Group’s shares did not trade on an uninformed basis in circumstances where there was a lack of clarity surrounding a dispute which had ari ...
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17.04.12
Suspension from Official Quotation
The securities of Hastie Group Limited (the “Company”) will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement in relation to the outcome of court proceedings.Click here to view complete (PDF)
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13.04.12
Further Details In Respect Of Reasons Behind Trading Halt Request
Hastie Group Limited (ASX:HST) (Hastie Group) today requested a trading halt pending an announcement being made by it “following the Board’s consideration of issues which arose overnight in respect of one of its joint venture projects in the “Middle East”, in particular a threat to call bank guarant ...
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13.04.12
Trading Halt
Click here to view complete (PDF)
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11.04.12
Market Update - Revised Syndicated Facility Agreement Signed
Hastie Group Limited (ASX: HST) yesterday executed a revised Syndicated Facility Agreement (SFA) with its Banking Syndicate. The revised SFA reflects the terms initially agreed on 29 February 2012 and is anticipated to provide additional stability to the Group’s finances and to permit management to ...
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29.02.12
Appendix 4D
>> Click here to view complete (PDF)
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29.02.12
Hastie Market Update
Hastie Group Limited (ASX:HST) has today lodged its financial report for the six months to 31 December 2011. The EBIT loss of $147,247,000 was in line with the guidance provided in the announcement on 22 February 2012.>> Click here to view complete (PDF)
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29.02.12
Financial Report for half year ended 31 December 2011
>> Click here to view complete (PDF)
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22.02.12
Market Update
Further to our announcement on 19 December 2011, the new management of Hastie Group Limited (ASX:HST) has completed its first internal audit of group wide operations. It is anticipated that the EBIT for the six months ended 31 December 2011 will be a loss of approximately A$146m comprising: normalis ...
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08.02.12
Retirement of Chairman and Appointment of Interim Chairman
Hastie Group Limited (ASX:HST) today announced that its Chairman, Mr Trevor Bourne, has advised the Board that he will retire as Chairman and as a non-executive director of Hastie Group with effect from 15 February 2012.>> Click here to view complete (PDF)
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