2012 News
19.05.12
Market Update
Hastie Group Limited announced on 15 May 2012 that the Company had submitted two separate comprehensive recapitalisation proposals from two international groups to its banking syndicate. These proposals received in principle support from four banks representing 70% of the total facility. The remai ...
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15.05.12
Market Update
Hastie Group Limited advises further to its ASX release of 11 May 2012 that the Company has today submitted two separate comprehensive recapitalisation proposals to its banking syndicate from two international groups. Both of the proposals would result in Hastie having minimal debt post recapitalis ...
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05.05.12
Market Update
Hastie Group Limited advises, further to its ASX release of 3 May 2012, that the Company remains in detailed discussions with its banking syndicate in relation to recapitalisation options. The Company will update the market on the outcome of these discussions this week.Click here to view complete (P ...
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04.05.12
Appointment of Chief Financial Officer
Hastie Group Limited (ASX:HST) announces the appointment of Ashley Killick as interim Chief Financial Officer, replacing Mark Wratten who has resigned this position to pursue personal interests. Mr Killick’s appointment takes immediate effect.Click here to view complete (PDF)
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03.05.12
Market Update – Waiver of Review Event
As previously announced, the suspension of the Company’s shares from trading constitutes a Review Event under the Syndicated Facility Agreement (SFA) entered into between the Company and its banking syndicate. The Company is pleased to advise that it has now been notified by the banking syndicate t ...
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03.05.12
Market Update - Middle East Dispute
As advised previously, a dispute arose with Dutco Balfour Beatty LLC (“DBB”) in relation to the Al Ali Multiuse Complex – Novotel at Al Bashra, Dubai (Project). DBB purported to terminate the contract on the Project and called for payment of performance guarantees and advance payment bonds (the guar ...
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20.04.12
Market Update - Middle East Dispute
Hastie Group Limited (ASX:HST) was granted a trading halt on 13 April 2012 and a subsequent voluntary suspension on 17 April 2012. This was to ensure that Hastie Group’s shares did not trade on an uninformed basis in circumstances where there was a lack of clarity surrounding a dispute which had ari ...
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17.04.12
Suspension from Official Quotation
The securities of Hastie Group Limited (the “Company”) will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement in relation to the outcome of court proceedings.Click here to view complete (PDF)
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13.04.12
Further Details In Respect Of Reasons Behind Trading Halt Request
Hastie Group Limited (ASX:HST) (Hastie Group) today requested a trading halt pending an announcement being made by it “following the Board’s consideration of issues which arose overnight in respect of one of its joint venture projects in the “Middle East”, in particular a threat to call bank guarant ...
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13.04.12
Trading Halt
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11.04.12
Market Update - Revised Syndicated Facility Agreement Signed
Hastie Group Limited (ASX: HST) yesterday executed a revised Syndicated Facility Agreement (SFA) with its Banking Syndicate. The revised SFA reflects the terms initially agreed on 29 February 2012 and is anticipated to provide additional stability to the Group’s finances and to permit management to ...
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29.02.12
Appendix 4D
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29.02.12
Hastie Market Update
Hastie Group Limited (ASX:HST) has today lodged its financial report for the six months to 31 December 2011. The EBIT loss of $147,247,000 was in line with the guidance provided in the announcement on 22 February 2012.>> Click here to view complete (PDF)
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29.02.12
Financial Report for half year ended 31 December 2011
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22.02.12
Market Update
Further to our announcement on 19 December 2011, the new management of Hastie Group Limited (ASX:HST) has completed its first internal audit of group wide operations. It is anticipated that the EBIT for the six months ended 31 December 2011 will be a loss of approximately A$146m comprising: normalis ...
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08.02.12
Retirement of Chairman and Appointment of Interim Chairman
Hastie Group Limited (ASX:HST) today announced that its Chairman, Mr Trevor Bourne, has advised the Board that he will retire as Chairman and as a non-executive director of Hastie Group with effect from 15 February 2012.>> Click here to view complete (PDF)
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