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Lindsay Australia Ltd (LAU.AX)

LAU.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Lindsay Australia Ltd updates on distribution agreement
Wednesday, 21 Dec 2016 05:48pm EST 

Lindsay Australia Ltd : Asx alert-distribution agreement-LAU.AX . Refers to its releases to market of 25 March 2015, 01 April 2015 and 21 May 2015 . Proceedings have settled and will be formally discontinued without admission of liability . Settlement was agreed to avoid litigation risk and expected expense of a lengthy trial .Settlement payment will be recorded in Lau's FY2017 accounts, second tranche is payable in FY2018.  Full Article

Lindsay Australia provides profit guidance
Monday, 1 Aug 2016 06:57pm EDT 

Lindsay Australia Ltd : Profit guidance . Expects to earn after tax profits between A$8 million and A$8.3 million .  Full Article

Lindsay Australia Limited announces acquisition of S&J Pennisi
Thursday, 23 Jul 2015 03:00am EDT 

Lindsay Australia Limited:Entered into agreements for the purchase of the assets of S&J Pennisi and assumed the lease of its premises on the Bruce Highway Ayr, Queensland.S&J Pennisi provides packaging supplies to major customers in the Burdekin region of Queensland where it has operated for about 40 years.The acquired assets are forecast to deliver returns in excess of 15% annually by year 3.  Full Article

Lindsay Australia Limited announces issue of shares
Monday, 15 Jun 2015 06:59pm EDT 

Lindsay Australia Limited:Issues 28,888,889 fully paid ordinary shares at 45 cents per share.  Full Article

Lindsay Australia Ltd announces successful capital raising
Monday, 8 Jun 2015 07:57pm EDT 

Lindsay Australia Ltd:Says that it has completed placement of 28,888,889 shares to sophisticated or professional investors at an issue price of $0.45c per share to raise $13,000,000.05.CCZ Corporate Finance Pty Ltd assisted the company in raising capital.Funds will be used to increase working capital and fund investment in logistic and warehousing facilities to be used by the company's Transport and Rural divisions.  Full Article

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