Key Developments: Macmahon Holdings Ltd (MAH.AX)

MAH.AX on Australia Stock Exchange

0.08AUD
26 Nov 2014
Price Change (% chg)

$-0.00 (-5.00%)
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Volume
3,948,074
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2,692,140
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$0.14
52-wk Low
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Latest Key Developments (Source: Significant Developments)

Macmahon Holdings Ltd announces new A$317.5 million funding facility
Wednesday, 10 Sep 2014 01:00am EDT 

Macmahon Holdings Ltd:Says that it has secured a new three year funding facility.Says that the book build closed oversubscribed with the facility upsized from A$280 million to A$317.5 million.Says Commonwealth Bank of Australia and The Hongkong and Shanghai Banking Corporation Limited, acted as Mandated Lead Arrangers and Bookrunners of the facility which comprises three tranches, covering working capital, bank guarantees and equipment financing.  Full Article

Macmahon Holdings Ltd announces A$38 million contract extension at Waihi Gold Mine
Monday, 30 Jun 2014 05:00pm EDT 

Macmahon Holdings Ltd:Says that it has been awarded a two year contract extension at Newmont Mining’s open cut gold mine in New Zealand.Under the contract, Macmahon will continue to provide a full range of open cut mining activities, including drill and blast, load and haul, crushing & conveying and construction of the engineered waste disposal dam.  Full Article

Macmahon Holdings Ltd announces resignation of CFO
Friday, 29 Nov 2013 12:11am EST 

Macmahon Holdings Ltd:Says Theresa Mlikota to resign from the position of Chief Financial Officer in the company in early 2014.  Full Article

Macmahon Holdings Ltd Revenue Hit By Shutdown-AAP
Tuesday, 4 Jun 2013 07:20pm EDT 

Australian Associated Press reported that Macmahon Holdings Ltd has had a multi-million dollar mine shaft project unexpectedly shut down by a client. Cobar Management terminated Macmahon's shaft sinking project at the CSA copper mine in the central west of NSW on Tuesday, Macmahon said. Macmahon is trying to find out the reasons for the termination, and will advise the market of the financial implications on its business once the full details are known, it said in a statement on Wednesday.  Full Article

Paradice Investment Management Pty Ltd Ceases To Be Substantial Shareholder In Macmahon Holdings Ltd
Friday, 3 May 2013 04:41am EDT 

Macmahon Holdings Ltd announced that Paradice Investment Management Pty Ltd ceased to be a substantial shareholder of the Company due to the sale of 5 million fully paid ordinary shares for a consideration of AUD 795,559.68 on May 2, 2013.  Full Article

Macmahon Holdings Ltd Not To Pay H1 2013 Dividend
Tuesday, 26 Feb 2013 05:15pm EST 

Macmahon Holdings Ltd announced that no dividend was declared for the first half of fiscal 2013 (H1 2012: AUD 0.015 per share).  Full Article

Macmahon Holdings Ltd Rejects Sembawang Australia Pty Ltd Proposal
Monday, 18 Feb 2013 06:04pm EST 

Macmahon Holdings Ltd announced that it has received a further proposal from Sembawang Australia Pty Ltd (Sembawang) to acquire the Construction projects proposed to be acquired by Leighton Holdings Limited (Leighton), subject to a shareholder vote. Sembawang offered to acquire the projects on the same terms as Leighton for a value of AUD 35 million, being only AUD 0.004 per share more than the AUD 29.6 million offered by Leighton, subject to the execution of a formal sale and purchase agreement but otherwise unconditional and with no requirement for due diligence. In order to enable the Independent Directors to make a proper assessment of the merits of Sembawang's latest proposal for Macmahon shareholders, the Independent Directors sought further clarification from Sembawang. A meeting between the Company and Sembawang was held February 15, 2013. Following this meeting and subsequent interactions with Sembawang, Macmahon's Independent Directors unanimously rejected the Sembawang proposal because: Sembawang has no operational or management presence in Australia, nor the pre-qualifications and accreditations required by Macmahon's construction customers; any transfer of Macmahon’s Construction projects requires not only its customers' consent but also the consent of its Construction joint venture partners; the Sembawang proposal does not provide Macmahon shareholders with a clean exit from the Construction projects being sold.  Full Article

Macmahon Holdings Ltd Confirms New Proposal From Sembawang Australia Pty Ltd To Purchase Construction Projects
Wednesday, 13 Feb 2013 04:30pm EST 

Macmahon Holdings Ltd announced that it has received a new proposal to acquire its Construction projects from Sembawang Australia Pty Ltd (Sembawang). Sembawang makes an offer (Offer) for the construction assets (Assets) of Macmahon Holdings Limited (Macmahon) that are proposed to be acquired by Leighton Holdings Limited (Leighton) as summarized in Macmahon's notice of general meeting dated January 18, 2013 (Notice of Meeting). Under the Offer, Sembawang is offering to acquire the Assets, on the same terms as Leighton, however, Sembawang will pay AUD 35 million before any adjustments.  Full Article

Northcape Capital Pty Ltd Ceases To Be Shareholder Of Macmahon Holdings Ltd
Wednesday, 6 Feb 2013 12:57am EST 

Macmahon Holdings Ltd announced that Northcape Capital Pty Ltd has ceased to be a shareholder of the Company effective February 4, 2013.  Full Article

Paradice Investment Management Pty Ltd Acquires Stake In Macmahon Holdings Ltd
Monday, 4 Feb 2013 12:47am EST 

Macmahon Holdings Ltd announced that Paradice Investment Management Pty Ltd has acquired 67,097,411 fully paid ordinary shares in the Company, which represents 5.318% of the voting power.  Full Article

Shares in Australia's MacMahon rise 13.6 pct tripling annual profit

SYDNEY, Aug 20 - Shares in Australian mining contractor MacMahon Holdings Ltd jumped 18 percent on Wednesday after the company swung to a full year profit despite shrinking sales revenue.

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