Key Developments: Stokes Ltd (SKS.AX)

SKS.AX on Australia Stock Exchange

0.38AUD
12 Sep 2014
Price Change (% chg)

$0.01 (+2.70%)
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Latest Key Developments (Source: Significant Developments)

Stokes Ltd closes $2.55 mln convertible note rights issue
Monday, 23 Jun 2014 10:00pm EDT 

Stokes Ltd:Says that it has closed its convertible note rights issue having successfully raised $2.55 million.As announced on June 19, 2014 the underwriter to the issue JM Financial Group Limited has now allocated the 1,744,335 shortfall convertible notes.The fully underwritten one for four non-renounceable convertible note rights issue was at an issue price of $0.35 per new convertible note to raise $2.55 million.Says the funds have been raised to expand the companies technologies division, reduce debt and provide working capital.  Full Article

Stokes Ltd announces rights issue
Wednesday, 18 Jun 2014 06:45pm EDT 

Stokes Ltd:Says that on May 26, 2014 it announced a non renounceable fully underwritten 1:4 rights issue of unsecured Convertible Notes.Says notes earning interest at 10 pct. p.a. at an issue price of $0.35 (35 cents) each to raise $2.55 million.Says that it has received valid applications for 5,543,485 new convertible notes equating to $1,940,220.Says the remaining shortfall of 1,744,335 convertible notes or $609,780 has been notified to JM Financial Group Ltd the underwriter to the rights issue and will be allocated shortly.Says the issue date for new convertible notes will be the June 23, 2014.  Full Article

Stokes Ltd updates on non-renounceable rights issue of notes
Tuesday, 27 May 2014 09:31pm EDT 

Stokes Ltd:Non-renounceable fully underwritten 1:4 rights issue of unsecured convertible notes, earning interest at 10 pct p.a. at an issue price of A$0.35 (35 cents) each to raise A$2.55 mln.Convertible into shares or redeemable for cash in June 2017.Conversion of convertible notes into shares, each noteholder will also be entitled to receive one additional A$0.35 option for every 2 new shares issued.Rights issue is fully underwritten by JM Financial Group Ltd.  Full Article

Stokes Ltd announces non-renounceable rights issue
Monday, 26 May 2014 03:40am EDT 

Stokes Ltd:Non-renounceable fully underwritten 1:4 Rights issue of unsecured convertible notes, earning interest at 10 pct p.a. at an issue price of A$0.35 (35 cents) each to raise $2.55 mln.  Full Article

Stokes (Australasia) Limited announces company name change to Stokes Limited
Tuesday, 3 Dec 2013 04:35pm EST 

Stokes (Australasia) Limited:Says the company name has been changes from Stokes (Australasia) Limited to 'Stokes Limited.Says the company ASX code (SKS) also remains unchanged.  Full Article

Stokes (Australasia) Limited issues new ordinary shares
Sunday, 1 Dec 2013 10:14pm EST 

Stokes (Australasia) Limited:Says issuance of 858,000 fully paid ordinary shares.Says issuance price at A$0.35 per share.Says the purpose of share placement is to provide funding for working capital and repayment of debt.  Full Article

Stokes (Australasia) Limited Raises $2Million To Fund Growth
Sunday, 27 Oct 2013 07:30pm EDT 

Stokes (Australasia) Limited announced that it has successfully raised $2 million to fund growth as it nears the completion of restructuring phase. The capital raising was completed via a placement of new shares to institutional and sophisticated investors and was managed by JM Financial Group Limited. A total of 5,750,000 shares were placed at an issue price of $0.35 per new share to raise $2,012,500, which represents approximately 25% of the issued capital. The funds raised will be used to retire debt in the short term and provide the necessary working capital to fund the business through next growth phase with the service and technologies divisions expecting organic growth over the next 12 months.  Full Article

Stokes (Australasia) Limited Acquires ANZ Appliance Parts & Janda Electric Co
Thursday, 19 Sep 2013 08:43pm EDT 

Stokes (Australasia) Limited announced that it has entered into agreements to acquire two Melbourne-based appliance parts and service businesses. ANZ Appliance Parts and Janda Electric Co for a combined purchase price of $25,000. ANZ was established in 1995 and specialises in the sale of appliance parts and servicing. While Janda was established in 1973 and specialises in the sale of appliance parts. Settlement is expected to take place in the coming weeks and the combined purchase price of $25,000 is subject to an additional payment based on stock valuations at the time of completion.  Full Article

Stokes (Australasia) Limited Does Not Pay Final Dividend
Thursday, 29 Aug 2013 10:41pm EDT 

Stokes (Australasia) Limited announced no dividend has been paid or is payable for fiscal 2013.  Full Article

Stokes (Australasia) Ltd Announces Ownership Interest Of JM Financial Group Ltd
Sunday, 4 Aug 2013 10:10pm EDT 

Stokes (Australasia) Ltd announced that JM Financial Group Ltd holds 4,477,446 person's votes which represents 19.13% of the voting power of the Company.  Full Article

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