Market Update and Appointment of Company Advisers
Market Update and Appointment of Company Advisers
2 October 2009
Corporate Developments
The two boards of the entities comprising the Compass Hotel Group are overseeing governance and compliance matters as well as reviewing and selecting appropriately qualified and experienced parties who can join the board of the Company and add value to the development of future opportunities for the group.
The Group remains under trading suspension whilst the annual accounts (4E) are finalised and submitted and whilst financing and recapitalising discussions are completed.
The Group is pleased to announce the appointment of BBY Limited (“BBY”) to act as the Group’s adviser to assist in relation to the selection of appropriate parties and the recapitalisation options available.
A structured identification and selection process for suitable entity is well progressed. There are a number of interested parties that the Group has been in discussion with, all of whom have been identified as having the pre-requisite industry experience, operational management expertise and capital capacity to assist Compass in its future growth.
Timing for the appointment of the incoming party, recapitalisation of the Group and lifting of the suspension of the Group’s stapled securities will be closely co-ordinated by the current interim board with the advice of BBY, with the intention to have resolutions for all matters as soon as practical. The market will be informed as relevant stages are completed.
In addition, it should be clarified that contrary to several recent reports, Compass is not currently offering for sale any of its core assets (pubs).
Operational Developments
The Compass boards are pleased with the performance of its operations this financial year as management continues to maximize revenue opportunities and implement further operational efficiencies to heighten operating performance.
Incremental revenue gains against expected forecasts since 1 July 2009 have contributed to improved financial profit performance.
Roland Hill
Director
Appendix 4E and Preliminary Financial Report
30 August 2010
FY 10 Financial Results
27 August 2010
Results of AGM
1 December 2009
Chairman's Address at AGM
1 December 2009
Annual Report June 2009
26 November 2009
Full Year Results June 2009
20 November 2009
Extension to Suspension
20 November 2009
Appendix 4E and Consolidated Financial Statements
20 November 2009
Notice of AGM AND pROXY fORMS
29 October 2009
Market Update and Appointment of Company Advisers
2 October 2009
Change of Registered Office
2 October 2009
Appointment of Directors
8 September 2009
Initial Directors Interest A Thoume
8 September 2009
Initial Directors Interest R Garton Smith
8 September 2009
Company Secretary Appointment/Resignation
31 August 2009
Director's Final Interest R Jones
23 July 2009
Director's Final Interest Note P Kadar
23 July 2009
Final Directors Interest B Northcote
23 July 2009
Resignation of Chairman and Independent Director
17 July 2009
Resignation of Bryan Northcote
17 July 2009
Settlement of Gosnells Railway Markets
3 July 2009
2009 Distribution
24 June 2009
Joint Company Secretary Resignation
8 June 2009
Sale of Gosnells Railway Markets
4 June 2009
Appointment of Joint Company Secretary
13 May 2009
Resignation of CFO
14 April 2009
Change in Directors Interest Notice - B Northcote
10 March 2009
Change in Directors Interest Notice - W Jones
10 March 2009
Appendix 4D and Half Year Accounts
27 February 2009
Change in Directors Interest Notice - R Hill
11 February 2009
Response to ASX Price Query
10 February 2009
Half Year Distribution 2008/09
18 December 2008
Change of Director's Interest Notice - Roland Hill
10 December 2008
Company Secretary Resignation
3 November 2008
Annual Report 2008
25 September 2008
Appointment of Chief Operating Officer
23 September 2008
Notice of AGM & Proxy Form
23 September 2008
Change of Director's Interest Notice - Bryan Northcote
17 September 2008
Change of Director's Interest Notice - Warwick Jones
17 September 2008
Founder Incentive Securities Terms
8 September 2008
Appendix 4E - Preliminary Final Report
29 August 2008
Change of Responsible Entity
25 August 2008
June 2008 Distribution
23 June 2008
Operating and Business Plan Update
20 May 2008
Appointment of CFO as Joint Company Secretary
1 May 2008
Listed Hotel Group Settles All 13 WA Hotels
24 April 2008
Change of Director's Interest Notice - Warwick Jones
24 April 2008
Change of Director's Interest Notice - Bryan Northcote
24 April 2008
Change of Director's Interest Notice - Warwick Jones
23 April 2008
Change of Director's Interest Notice - Warwick Jones
18 April 2008
Change of Director's Interest Notice - Warwick Jones
16 April 2008
Change of Director's Interest Notice - Warwick Jones
11 April 2008
Change of Director's Interest Notice - Roland Hill
8 April 2008
Change of Director's Interest Notice - Warwick Jones
7 March 2008
Change of Director's Interest Notice - Bryan Northcote
19 February 2008
Appointment of Chief Financial Officer
15 February 2008
Newly Listed Hotel Group Secures Two Prominent Perth Hotels
29 January 2008
Settlements Effected
29 January 2008
Newly Listed Hotel Group Secures $97 Million Five Year Debt Facility with St George Bank
23 January 2008
Hotel Group Closes $123 Million Fully Underwritten Initial Public Offering Over-Subscribed
21 December 2007
Hotel Group Launches $123 Million Fully Underwritten Initial Public Offering of West Australian Hote
29 November 2007
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