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Macmahon Holdings Ltd (MAH.AX)

MAH.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Macmahon Holdings updates on Nigeria incident
Sunday, 26 Jun 2016 07:34pm EDT 

Macmahon Holdings Ltd : Update on Nigeria incident . Relieved to confirm the release of all seven of its men who were abducted near its operations in calabar, Nigeria on Wednesday 22 June, 2016 . Five of the men have been injured, two of them seriously .  Full Article

Macmahon Holdings confirms shooting, kidnapping at unit in Calabar, Nigeria
Thursday, 23 Jun 2016 02:18am EDT 

Macmahon Holdings Ltd : Media release - incident in Nigeria . Confirm the fatal shooting yesterday of a local employee in a security incident near its operations in Calabar, Nigeria . Shooting also resulted in the abduction of seven employees. . Says employees who were abducted in the incident include three australians, two nigerians, a new zealander and a South African . Providing support to the men's families and we ask the media to respect their privacy at this time" . Says the current trading halt will remain in place pending a further announcement by the company .  Full Article

Macmahon Holdings updates on St Ives contract extension
Wednesday, 25 May 2016 04:26am EDT 

Macmahon Holdings Ltd : Contract updates . Revenue from the st ives extension is expected to be approximately $2.5 million per month . Awarded 24 month extension of contract with Australian subsidiary of gold fields, st ives gold mining company pty ltd .  Full Article

Macmahon Holdings Ltd updates on Nigerian operations - Reuters News
Wednesday, 30 Mar 2016 02:39am EDT 

Macmahon Holdings Ltd:Macmahon has commenced legal action in Nigeria as part of efforts to resolve the dispute and remains in negotiations with its workforce - RTRS.Financial impact of the current industrial action is not yet known as it remains ongoing.Workers at one of its operations in Nigeria are currently engaged in industrial action following a dispute over end of project redundancy payments.The impact on macmahon's contract with its client is also unclear.Nigerian operations have been underperforming and current strike action is expected to further impact this performance.  Full Article

Macmahon Holdings announces finance facility
Monday, 9 Nov 2015 11:00pm EST 

Macmahon Holdings:New finance facility.Finalised documentation with the commonwealth bank to establish a $30 million multi-option financing facility.Says the twelve month revolving facility can be used for general corporate purposes.Says company intends to fund future projects primarily using a mix of cash reserves and equipment finance.  Full Article

Macmahon Holdings Ltd updates on court proceedings
Sunday, 8 Nov 2015 09:13pm EST 

Macmahon Holdings Ltd:Says notice of court proceedings.Macmahon rejects basis for class action.Says quantum of the claim has not been specified.Says allegations relate to disclosures by Macmahon in 2012 regarding the company's hope downs 4 contract.Says on Nov. 09 co been served with shareholder class action filed in federal court of Australia by ACA lawyers on behalf of a shareholders.Says Macmahon will vigorously defend the proceeding.  Full Article

Macmahon Holdings says José Martins appointed as chief financial officer
Sunday, 11 Oct 2015 08:28pm EDT 

Macmahon Holdings:Says the recruitment of José Martins as Chief Financial Officer.Martins will join Macmahon from Ausdrill Limited, where he most recently held the position of Chief Financial Officer.  Full Article

Macmahon Holdings Ltd announces share buy-back
Monday, 5 Oct 2015 07:52pm EDT 

Macmahon Holdings Ltd:Says its intention to commence an on-market share buy-back of up to 10 pct of its fully paid ordinary shares over the next twelve months.  Full Article

Macmahon Holdings announces CEO appointment
Saturday, 11 Jul 2015 06:25pm EDT 

Macmahon Holdings:Appoints sybrandt van dyk as chief executive officer and managing director, effective immediately.  Full Article

Macmahon Holdings Ltd sells Mongolian business
Wednesday, 24 Jun 2015 08:00pm EDT 

Macmahon Holdings Ltd:Says signing and simultaneous completion of agreement to sell its Mongolian operations to a private company for $65 million.Says purchase price has now been received in full by Macmahon.Says net proceeds of transaction are expected to be in order of $62 million.Says under sale agreement, Macmahon has provided certain warranties about the entities involved in the transaction and their assets and operations.  Full Article

Gunmen release expatriate contractors kidnapped in Niger Delta: police

YENAGOA, Nigeria Seven contractors, including three Australians and a South African, have been released four days after they were kidnapped by gunmen in southern Nigeria, officials said.