How will Greensill Capital UK going into voluntary administration affect FOD. News just out.
Below from annual report.
b. Significant RestrictionsOther than the following, there are no significant restrictions over the Group’s ability to accessor use assets, and settle liabilities, of the Group:LangTech International Pty Ltd has entered into a working capital and term loan facility withGreensill Capital UK Limited (Greensill) as described in Note 17. The Facility was drawn downas to $7.6m as at the date of this report. The facility is secured by all of the Group’s current andfuture assets via a security interest over personal property and via fixed and floating charge overall other property (including trade receivables, cash and cash equivalents). The facility containsdetailed conditions precedent to draw down. The facility is financial covenant lite in that once thefunds have been drawn under the facility, there is no periodic (eg quarterly) financial covenanttesting. Covenants imposed by Greensill restrict asset disposals (other than with Greensill’sconsent, or in the ordinary course of business, or in other limited circumstances), acquisitions(other than with Greensill’s consent or in other limited circumstances) and dividend payments(other than with Greensill’s consent or in other limited circumstances).
- Forums
- ASX - By Stock
- TIMBER!!
How will Greensill Capital UK going into voluntary...
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OJC (ASX) to my watchlist
|
|||||
Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.95M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.5¢ | 16375 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 200 | 0.140 |
1 | 185184 | 0.135 |
1 | 100000 | 0.130 |
1 | 200000 | 0.105 |
3 | 68229 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.145 | 16375 | 2 |
0.150 | 5958 | 1 |
0.160 | 126188 | 4 |
0.165 | 48116 | 3 |
0.170 | 4101 | 2 |
Last trade - 16.12pm 15/08/2024 (20 minute delay) ? |
Featured News
OJC (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online