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Spicers Ltd (PPXLF.PK)

PPXLF.PK on OTC Markets Group - US Other OTC and Grey Market

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Latest Key Developments (Source: Significant Developments)

Spicers announces restructuring of Australian organisation​
Monday, 26 Jun 2017 03:40am EDT 

June 26 (Reuters) - Spicers Ltd :‍Spicers has today announced restructuring in its Australian organisation​.Several roles in predominantly back-office functional areas will be made redundant as a result of specific and targeted restructuring.Estimated cost-saving benefit of headcount reductions in 2018 financial year will be $1.3 million.Cost of redundancies will be $0.9 million, which will be recorded as a significant item in Spicers' financial report for year ending 30 June 2017.Sees overall underlying EBIT result for financial year ending 30 June 2017 will be consistent with result of prior corresponding period​.Spicers New Zealand acquires Sign Technology Ltd; deal expected to be immediately earnings accretive.  Full Article

Perpetual says members of SPS Trust approved acquisition of SPS Trust
Wednesday, 14 Jun 2017 02:45am EDT 

June 14 (Reuters) - Perpetual Ltd :Advises that members of SPS trust voted to approve Spicers Ltd's (Spicers) acquisition of SPS Trust by way of a trust scheme.  Full Article

Spicers New Zealand to relocate Auckland premises
Tuesday, 4 Apr 2017 12:53am EDT 

Spicers Ltd - : Spicers New Zealand to relocate auckland premises-srs.ax .Anticipated that this relocation project will provide lease cost reductions and operating cost efficiencies for Spicers Nz business.  Full Article

Spicers Ltd says co entered into implementation agreement
Monday, 19 Dec 2016 08:10pm EST 

Spicers Ltd : Asx Alert-Spicers enters into implementation agreement,PXU-SRS.AX .Spicers board announces that Spicers and RE have entered into a binding implementation agreement.  Full Article

Spicers Ltd says co entered into implementation agreement
Monday, 19 Dec 2016 05:25pm EST 

Spicers Ltd : Asx Alert-Spicers enters into implementation agreement,PXU-SRS.AX .Spicers board announces that Spicers and RE have entered into a binding implementation agreement.  Full Article

Spicers says it reached a tripartite settlement agreement with bankruptcy trustee
Wednesday, 16 Nov 2016 01:12am EST 

Spicers Ltd - : Reached a 'tripartite' settlement agreement with bankruptcy trustee of Spicers' former German operations and landlord of central warehouse . A settlement amount of Eur 1.65 million to be paid by Spicers, has been agreed between parties .Settlement will contribute approximately $2 million to Spicers' 'discontinued operations' profit result for HY 16.  Full Article

Spicers appoints David Martin as chief executive officer
Thursday, 30 Jun 2016 08:02pm EDT 

Spicers Ltd : Spicers appoints chief executive officer . Says David Martin as its new chief executive officer .  Full Article

Spicers says finance director Wayne Johnston to assume role of acting CEO
Monday, 23 May 2016 06:54pm EDT 

Spicers Ltd : Wayne Johnston, currently Finance director of Spicers, will assume the role of acting CEO .  Full Article