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AusGroup Ltd (AUSG.SI)

AUSG.SI on Stock Exchange of Singapore

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19 Sep 2017
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Latest Key Developments (Source: Significant Developments)

AusGroup Ltd to undertake exchange of certain notes to shares
Monday, 11 Sep 2017 04:03am EDT 

Sept 11 (Reuters) - Ausgroup Ltd ::Proposes to undertake an invitation to holders of its s$110,000,000 7.95 per cent. Notes due 2018.Offer to exchange outstanding notes held by noteholders to co for new ordinary shares in co.  Full Article

Ausgroup Ltd updates on Ichthys Project Extension
Wednesday, 23 Aug 2017 05:16am EDT 

Aug 23 (Reuters) - Ausgroup Ltd ::AMJV, jv of unit has been awarded an extension of works on inpex-operated ichthys lng project by JKC Australia Lng Pty.Contract extension for AU$165 million​.  Full Article

AusGroup announces appointment of Shane Kimpton as CEO
Friday, 7 Jul 2017 10:44am EDT 

July 7 (Reuters) - AusGroup Ltd ::Announces appointment of Shane Kimpton as executive director and chief executive officer.  Full Article

Ausgroup Ltd unit secures rope access contract
Monday, 3 Jul 2017 08:38pm EDT 

July 4 (Reuters) - Ausgroup Ltd ::Entered into an agreement with Clough Projects International for supply of rope access trade services on Inpex-operated LNG project​‍​.  Full Article

AusGroup entered into subscription agreement with Suntera
Friday, 30 Jun 2017 09:41am EDT 

June 30 (Reuters) - Ausgroup Ltd ::‍Company has today entered into a subscription agreement with suntera limited​.Co agreed to allot and issue an aggregate of 49.2 million new ordinary shares in capital of company at an issue price of S$0.058 per new share.  Full Article

Ausgroup clarifies article "Ezion could gain from ausgroup debt restructuring as demand rises"
Friday, 2 Jun 2017 05:33am EDT 

June 2 (Reuters) - Ausgroup Ltd :Refers to article titled "Ezion could gain from Ausgroup debt restructuring as demand rises" published in the edge.Clarifies only Ezion agreed to exercise & this is subject to noteholders also to agreeing to convert debt to equity.Refers to edge article stating "when ausgroup said it had breached a financial covenant under a trust deed for its $110 million bond with DBS bank".Company would like to clarify that S$110 million notes was placed to various noteholders and not to dbs bank.Clarifies that currently port and marine business does not support offshore LNG industry through provision of fuel and logistic services.Co says announcement on 31 May clarifies co met minimum offer condition, which means that >10% of noteholders by value have tendered their notes for conversion.CLarifies that as per Q3 FY2017 results announcement made on 12 May, total amount of work in hand stated was A$286.3 million and not A$24 million.  Full Article

Ausgroup updates on sale of assets and equipment by Ausgroup Singapore
Thursday, 2 Feb 2017 04:17am EST 

Ausgroup Limited : Sale Of Assets And Equipment By Ausgroup Singapore Pte. Ltd .Parties had reached an agreed deal consideration of US$3 million.  Full Article

Ausgroup updates on remedy of potential event of default on certain notes due 2016
Thursday, 19 Jan 2017 04:20am EST 

Ausgroup Ltd : Updates on remedy of potential event of default series 001 S$110,000,000 7.45 per cent. notes due 2016 . Company is of view that there is no event of default or potential event of default relating to notes that is continuing or that has not been waived .Refers to consent solicitation exercise launch announcement dated 13 September 2016.  Full Article

Ausgroup enters into agreement with Shell Australia
Thursday, 12 Jan 2017 04:16am EST 

Ausgroup Ltd : Entered into an agreement with Shell Australia for the supply of scaffold equipment and consumables on the shell-operated prelude flng project .As part of agreement, MAS will be responsible for delivery of scaffold materials required for operation & maintenance work offshore.  Full Article

Ausgroup Ltd updates on consents required under certain notes
Thursday, 22 Dec 2016 08:20pm EST 

Ausgroup Ltd : Updates on consents required under security documents series 001 s$110,000,000 7.45 per cent. Notes due 2016 . Accordingly, company wishes to announce there has been, in its opinion, a potential event of default under condition 10(B) of notes . Co refers to intimation by Ward Keller on 16 December 2016 . Informed that Indigenous Affairs Group received advice from Australian Government Solicitor that it was not clear whether ministerial consent was required for mortgage .Department of Prime Minister and Cabinet has advised that it is certainly possible to obtain all consents by 18 January 2017.  Full Article

AusGroup proposes swapping debt for equity, shares up 5.6 pct

SINGAPORE, May 22 Shares of AusGroup Ltd rose 5.6 percent on Monday after the Singapore-listed company said it was proposing a debt-to-equity swap of S$110 million ($79 million) of bonds, looking to cut interest costs and improve its balance sheet.