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Key Developments: Macmahon Holdings Ltd (MAH.AX)

MAH.AX on Australia Stock Exchange

25 May 2016
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Latest Key Developments (Source: Significant Developments)

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

Macmahon Holdings Ltd announces CEO resignation and Board changes
Thursday, 22 Jan 2015 12:19am EST 

Macmahon Holdings Ltd:Announces that chief executive officer and managing director, Ross Carroll has resigned from the company, effective today.Says the company’s chairman, Jim Walker, will act as executive chairman until a replacement CEO is appointed.  Full Article

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