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ARL Limited

ARL is listed on the National Stock Exchange of Australia (NSX)

Click here to be redirected to ARL announcements on the NSX

Asset Resolution Limited ("ARL") is a company whose board has significant experience and connections in the optimal realisation of mortgage loans and distressed assets.

11 April 2018 -  Extension of Buy-Back Offer closing date to Friday 27 April 2018

The Board of ARL have extended the Buy-Back Offer closing date from 10 April 2018 to 27 April 2018.  The new deadline is following a number of Shareholders' request for more time to complete return their Buy-Back Invitation form.  The release can be view here

20 March 2018 -  ARL's offer to buy-back Shares off market

ARL announced on the NSX an off market Buy-back. The Buy-Back Bookletdated 20 March 2018 can be view here

08 March 2018 - Interim Financial Report for the Half Year ended 31 December 2017

The Directors of ARL have lodged the Company's Interim Financial Report with the NSX.

Shareholders can download the Report here. 

28 February 2018 - Board Changes

ARL is pleased to announce that Sarina Roppolo has accepted the Board's invitation to become a non-executive director of the Company, effective 28 February 2018. The announcement can be found here. 

28 February 2018 - Director's Interest Notice

Initial Director's Interest Notice - Sarina Roppole.   A copy of the lodge form can be found here. 

Final Director's Interest Notice - John Sergeant.   A copy of the lodge form can be found here

8 February 2018 - Company Announcement - Octaviar Ltd (“OL”) Dividen Update

ARL has been informed by the Liquidator of Octaviar Limited that there has been a delay in the second dividend payment. The announcement can be found here. 

19 December 2017- Company Announcement - Adjudication of Asset Resolution Ltd’s (“ARL”) claim against Octaviar Ltd (“OL”)

ARL has been notified by the Liquidator of Octaviar Limited the adjudication of ARLs claim against Octaviar dividend. The announcement can be found here. 

8 November 2017- Company Announcement - possible dividend from Octaviar

ARL has been notified by the Liquidator of Octaviar Limited that a dividend is expeccted to be distributed in January 2018. The announcement can be found here. 

18 October 2017 -  Results of Annual General Meeting 

The Annual General Meeting of ARL Shareholders was held on Wednesday, 18 October 20176. The voting results can be  viewed here

18 October 2017 -  Annual General Meeting Presentation

The Annual General Meeting of ARL Shareholders will be held on Wednesday, 18 October 2017. The Chairman's presentation to Shareholders can be viewed here

15 September 2017 - Annual General Meeting

Notice is given that the Annual General Meeting of Asset Resolution Limited will be held on:

Date:

18 October 2017

Time:

10:00 am (AEDT)

Please note - registration will occur from

09:15 am (AEDT)

Location:

History House

133 Macquarie Street

Sydney NSW 2000


The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

11 August 2017 - Financial Report for the Financial Year ended 30 June 2017

The Directors of ARL have lodged the Company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001.

Shareholders can download the Report here. 

The Net Asset backing as at 30 June 2017 is 2.55  per share.

29 May 2017 -  Recent judgement of the Queensland Supreme Court - lodged to NSX

ARL lodged an NSX release in regards to recent judgement of the Queensland Supreme Court. The Announcement can be view here

On-market Buy-back Updates

NSX Updates to the On-market Buy-back, please click here to read On-Market  Buy-backs updates

29 March 17 - Board Changes

ARL has pleasure in announcing the appointment of a new non-executive director effective 1 April 2017.

Shareholders can download the announcement here. 

15 February 17 - Interim Financial Report for the Half Year ended 31 December 2016

The Directors of ARL have lodged the Company's Interim Financial Report with the NSX.

Shareholders can download the Report here. 

20 December 2016 -  Unmarketable Parcels Buy-back

ARL announced on the NSX an Unmarketable Parcels Buy-back. The Announcementnt can be view here

2 December 2016 -  Detailed Poll Results of Annual General Meeting 

ARL announced on the NSX the results of 2016 AGM including detailed poll result.  The Announcementnt can be view here

28 November 2016 -  Results of Annual General Meeting 

The Annual General Meeting of ARL Shareholders was held on Saturday 26 November 2016. The voting results can be  viewed here

25 November 2016 -  Annual General Meeting Presentation

The Annual General Meeting of ARL Shareholders will be held on Saturday, 26 November 2016. The Chairman's presentation to Shareholders can be viewed here

24 November 2016 - NSX Official quotation to commence on Monday 28th November 2016

The Directors of ARL are pleased to announce that the company will commence its official listing on the National Stock Exchange (NSX). A copy of the Information Memorandum (IM) and other documents were released on the 24th November 2016 (documents lodge can be view here). Listing details can be found here

2 November 2016 - Draft Constitution to be approved at the Annual General Meeting

The Draft  of the new constitution can be found here

25 October 2016 - Annual General Meeting

Notice is given that the Annual General Meeting of Asset Resolution Limited will be held on:

Date:

26 November 2016

Time:

10:00 am (AEDT)

Please note - registration will occur from

09:15 am (AEDT)

Location:

History House

133 Macquarie Street

Sydney NSW 2000


The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

30 August 2016 - Financial Report for the Financial Year ended 30 June 2016

The Directors of ARL have lodged the Company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001.

Shareholders can download the Report here. 

The Net Asset backing as at 30 June 2016 is $2.54  per share.

1 June 2016 - Information Memorandum lodged with the ASX

The Directors of ARL have lodged an application to List the Company on the ASX Limited, a copy of the Information Memorandum dated 31 May 2016 was lodged with the application.  The application was unsuccessful.

9 March 2016 - Interim Financial Report for the Half Year ended 31 December 2015

The Directors of ARL have lodged the Company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001.

Shareholders can download the Report here. 

The Net Asset backing as at 31 December 2015 is $2.58  per share.

25 February 2016 -  AGM Minutes

The Minutes of the Annual General Meeting held on Tuesday, 24 November 2015 can be view here

16 December 2015 -  Shareholder queries

Queries received from a shareholder by e-mail (1)

Queries received from a shareholder by e-mail (2)

Director's response to shareholder queries 

9 December 2015 -  Share Consolidation

An update on the Share Consolidation can be found here

24 November 2015 -  Results of Annual General Meeting 

The Annual General Meeting of ARL Shareholders was held on Tuesday, 24 November 2015. The voting results can be  viewed here

24 November 2015 -  Annual General Meeting Presentation

The Annual General Meeting of ARL Shareholders was held on Tuesday, 24 November 2015. The Chairman's presentation to Shareholders can be viewed here

10 November 2015 - Draft Constitution to be approved at the Annual General Meeting

A summary of the more significant aspects of the new constitution can be found here

The Draft  of the new constitution can be found here

23 October 2015 - Annual General Meeting

Notice is given that the Annual General Meeting of Asset Resolution Limited will be held on:

Date:

24 November 2015

Time:

09:30 am (AEDT)

Please note - registration will occur from

09:00 am (AEDT)

Location:

History House

133 Macquarie Street

Sydney NSW 2000


The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

21 October 2015 - Results of General Meeting and Recent Changes

An Extraordinary General Meeting of ARL Shareholders was held on Friday, 11 September 2015. 

Approved resolutions and recent events can be view here

11 September 2015 - Financial Report for the Financial Year ended 30 June 2015

The former Directors of ARL have lodged the company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001. It will be mailed to shareholders before the Company's AGM.  

ARL is an unlisted company and as such there is no share price available. The Audited 2015 financial statements show a Net Tangible Asset Value per share of 1.48 cents per share. (Prior to share consolidation)

Shareholders can download the Report here.

7 August 2015 - Extraordinary General Meeting

Notice is given that an Extraordinary General Meeting of Asset Resolution Limited will be held on:

Date:

11 September 2015

Time:

11:00 am (AEST)

Location:

Brisbane Convention and Exhibition Centre

Meeting Room S1,Sky Level

Cnr Merivale and Glenelg Streets

South Brisbane

The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

6 August 2015- Announcement

The Board of ARL confirms that the contract for the sale of Forest Resort is now unconditional. Please see the media release here. 

30 July 2015- ATO Class Ruling

The Class Ruling from the ATO in relation to the Capital Return Payment made on 13 July 2015 can be found here. 

2 July 2015- Announcement

At the EGM on 22 June 2015, the resolution for the distribution to be a return of capital was passed. The distribution is currently scheduled for 13 July 2015. 

The ARL Board was notified on 22 June 2015 that the Liquidators of Octaviar Administration are deferring the distribution of the intended fifth dividend (after issuing notice to ARL of intention to declare the dividend). Whilst the ARL Board has sufficient cash to make the $0.01 return of capital, it has been decided by the ARL Board that in light of this change in circumstances it is prudent that the Board reduces the return of capital to $0.009 per share in order to fund the ongoing operations of ARL until this dividend is received. 

9 June 2015- Announcement

The Board of ARL confirms that the final repayment for the Kooralbyn Resort has now been received and the return of capital/dividend will be 1 cent per ARL share. 

4 June 2015- Supplementary Target's Statement

ARL's Supplementary Target's Statement has now been sent to shareholders. It can also be downloaded here. 

21 May 2015 - Extraordinary General Meeting

Notice is given that an Extraordinary General Meeting of Asset Resolution Limited will be held on:

Date:

22 June 2015

Time:

11:00 am (AEST)

Location:

Brisbane Convention and Exhibition Centre

Meeting Room S1,Sky Level

Cnr Merivale and Glenelg Streets

South Brisbane

The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

19 May 2015- Target's Statement

ARL's Target's Statement has now been sent to shareholders. It can also be downloaded here. 

13 May 2015- Chairman's Letter

Prior to the release of the Target's Statement the Chairman has outlined the Board of ARL's reasons for recommending that shareholders reject the Offer in the letter to be found here

6 May 2015- Company Announcement

ARL has received a supplementary bidder's statement from Hamilton Securities Limited. The announcement can be found here. 

28 April 2015- Company Announcement

Hamilton Securities Limited has not sent the Bidder's Statement to shareholders at contemplated time and have advised the Board of ARL that they will be providing a replacement Bidder's Statement . The announcement can be found here.

24 April 2015- Chairman's Letter

Prior to the release of the Target's Statement the Chairman has outlined the Board of ARL's reasons for recommending that shareholders reject the Offer in the letter to be found here

8 April 2015- Company Announcement

ARL has received a bidder's statement from Hamilton Securities Limited. The announcement can be found here. 

27 March 2015 - Interim Financial Report for the Half Year ended 31 December 2014

The Directors of ARL have lodged the company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001.

Shareholders can download the Report here.

The Net Asset backing as at 31 December 2014 is 1.99 cents per share.

11 December 2014 - Capital Return Payment 

The Net Asset backing as at 30 June 2014 is now 2.14 cents per share due to the capital return payment of 1 cent per share made on 11 December 2014. This is outlined in the Notice of Meeting and Explanatory Memorandum dated 30 October 2014 which can be viewed here. 

The Class Ruling from the ATO in relation to the Capital Return Payment can be found here. 

30 October 2014 - Financial Report for the Financial Year ended 30 June 2014

The Directors of ARL have lodged the company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001.

Shareholders can download the Report here.

The Net Asset backing as at 30 June 2014 is 3.14 cents per share.

30 October 2014 - Annual General Meeting

Notice is given that the Annual General Meeting of Asset Resolution Limited will be held on:

Date:

28 November 2014

Time:

11:00 am (AEST)

Please note - registration will occur from 10:30am(AEST)

Location:

Brisbane Convention and Exhibition Centre

Meeting Room S1, Sky Level

Cnr Merivale and Glenelg Streets

South Brisbane


The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

15 March 2014 - Interim Financial Report for the Half Year ended 31 December 2013

The Directors of ARL have lodged the company's Interim Financial Report with the Australian Securities and Investments Commission in accordance with the requirements of the Coporations Act (Cth) 2001.

Shareholders can download the Report here.

The Net Asset backing as at 31 December 2013 is 2.98 cents per share.

4 December 2013 - Annual General Meeting

The Annual General Meeting of ARL Shareholders was held on Friday, 29 November 2013. The Chairman's presentation to Shareholders can be viewed here.

Voting

Resolution 1 - To receive and consider the Financial Statements, the reports of the Directors and Auditors for the financial year end 30 June 2013.

Motion Carried.

Resolution 2 - That Mr Tony Pope, a Director appointed in accordance with Rule 3.3 of the Company’s Constitution, and being eligible, be re-elected as a Director of the Company.

Motion Carried.

17 October 2013 - Annual General Meeting

Notice is given that the Annual General Meeting of Asset Resolution Limited will be held on:

Date:

29 November 2013

Time:

11:00 am (AEST)

Location:

Brisbane Convention and Exhibition Centre

Plaza Auditorium, Plaza Level

Cnr Merivale and Glenelg Streets

South Brisbane


The formal Notice of Meeting and accompanying Explanatory Memorandum can be viewed here.

19 December 2012 - Transaction Highlights

On 19 December 2012 ARL acquired additional assets from the Premium Income Fund. Charges over six (6) companies in the Forest Resort group were assigned to ARL resulting in 150,025,399 shares being issued to Perpetual Nominess Limited as custodian for the Premium Income Fund.

As a result of this transaction, the total shares issued by ARL are 980,558,167.

Seven mortgage loans have been assigned to ARL together with the first ranking mortgages securing them and all incidental other securities

5 September 2012 - Transaction Highlights

  • 60% of the debt relating to the security property known as The Forest Resort, and the whole of the first and second mortgage securities relating to the Forest Resort have been assigned to ARL (the fund has retained the balance 40% of this loan, the guarantees and company charges as security for it);
  • $3.74 million has been transferred to ARL as a provision for outstanding rates, land tax, water charges and associated costs relating to the loans being assigned;
  • all of the Funds interest in the ASIC compensation claim, the Class Action claim, and proof of debt in the liquidation of Octaviar Limited (In Liquidation) and Octaviar Administration Limited ( In Liquidation) have been assigned to ARL.

Consideration

The fund has received 830,532,768 shares in ARL (being 100% of the issued capital of ARL), which it has then distributed to the Unitholders in the Fund. Each Unitholder in the Premium Income Fund has consequentially received by way of transfer a share in ARL for each Unit they hold in the Fund.

The Board of ARL is made up of leaders in their respective fields with significant legal, banking, business turnaround and corporate governance experience. The board also have a strong background in the key required aspects of workout situations.

Asset Resolution Limited

ABN 99 159 827 871

Aurora House

Suite 816, 147 Pirie Street

Adelaide SA 5000

Email: info@arlimited.com.au

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