CENTREX LIMITED (CXM)

delisted by ASX under Listing Rule 17.12

we understand the company failed and the Deed Administrators transferred Centrex Limited shares to PRL Global Limited and Liven Nutrients Pte Ltd, with Centrex shareholders receiving no consideration for their shares

The Deed Administrators transferred Centrex Limited shares to PRL Global Limited and Liven Nutrients Pte Ltd, without consideration for shareholders. The Deed of Company Arrangement for Centrex and its subsidiary Agriflex Pty Ltd was executed, transferring Centrex to PRL.

The Deed Administrators filed a court application for the transfer of Centrex shares to PRL Global Limited and Liven Nutrients Pte Ltd, following an s444GA Order. The transfer will be for no consideration to Centrex shareholders.

A Court Order has granted leave for the transfer of Centrex Limited shares to PRL Global Limited, subject to conditions requiring satisfaction by 31 August 2025, affecting Ardmore Phosphate Mine's economic viability.

The company released an explanatory statement.

The company releases a circular to shareholders. The Deed Administrators filed an application in the Federal Court of Australia for approval to transfer all Centrex shares to PRL Global Limited or its nominee. The application is set for hearing on 19 August 2025. Shareholders can file a Notice of Appearance and oppose the application by 8 August 2025. The application includes an affidavit, Explanatory Statement, and Order. Shareholders should consider the Independent Expert's Report before taking any action.

Entities with securities suspended for over three months must lodge periodic reports, meet a 1 year deadline for the oldest outstanding report, and execute plans for resuming trading to ASX's satisfaction. Failure to meet deadlines results in removal from the official list.

The Administrators reconvened a second meeting of creditors to consider a Deed of Company Arrangement proposed by PRL Global Limited. Centrex and Agriflex agreed to enter the DOCA. The DOCA will be executed within 15 business days.

PRL Global Ltd completed exclusive due diligence on Centrex Ltd, including its subsidiary Agriflex, owners of the Ardmore phosphate mine in Queensland. At the Reconvened Second Creditors Meeting, creditors approved PRG's Deed of Company Administration proposal, subject to conditions precedent with key counterparties.

The Voluntary Administrators have recommended that creditors accept the proposed DOCA proposed by PRL Global Limited. The reconvened meeting will decide whether to accept the DOCA, return Centrex to directors, or place it into liquidation.

The company is utilizing the relief provided by section 8 of ASIC Corporations Instrument 2015/251 to defer its financial reporting obligations under Part 2M.3 of the Act. The relief covers obligations under sub-sections 315(1), 315(4), 316, 319(1), and 320(1). The Company will not be lodging half-year accounts during the Deferral Period and will not trade its securities.

Administrators have chosen PRL Global Ltd for a 45-day due diligence period on the sale or recapitalization of Companies, following discussions with shortlisted bidders.

Entities that have been suspended for more than three months due to their unfiled periodic reports, along with the oldest overdue report deadline and their two-year deadline for trading plans, will be removed from the official list if these conditions are not fulfilled.

The Administrators have adjourned the Second Meeting of creditors due to ongoing negotiations regarding a possible sale or recapitalization of the Companies, potentially involving a Deed of Company Arrangement. They will issue a supplementary report before reconvening the meeting.

The company provides an update on its operations. Administrators cannot source funding for Ardmore Petroleum Project, putting it into care and maintenance. They seek urgent sale or recapitalization, resulting in job cuts.

FTI Consulting's voluntary administrators, John Park and Joanne Dunn, are preparing to sell Centrex Limited and its subsidiary, Agriflex Pty Ltd, with final offers expected by 25 March 2025.

The company has announced the closure of its Entitlement Offer due to the company's financial condition not being adequate for continued quotation. The Administrators have decided to close the Offer and refund all subscriptions to shareholders.

The company's securities were suspended on 19 December 2024, pending an announcement on logistics provider and lender negotiations and capital raising. The suspension was extended on 14 February 2025, 21 February 2025, and 28 February 2025. ASX determined CXM's financial condition is insufficient to warrant continued quotation, and the suspension will continue until compliance is confirmed.

John Park and Joanne Dunn of FTI Consulting are appointed as joint and several voluntary administrators.

The company requested a voluntary suspension from quotation, which was extended to 14 February 2025. The suspension was expected to remain until normal trading commences or the completion of a capital raising announcement. The company believes continued trading could harm the proposed raising and requests an extension to 25 March 2025.

The company has extended the Closing Date for its Entitlement Offer to 17 March 2025, allowing external investors and eligible shareholders to complete due diligence on the company.

The company requested a voluntary suspension from quotation on 19 December 2024, extended on 14 February 2025. The suspension was expected to remain until normal trading commences or the completion of a capital raising announcement. The company now requests a further extension to 12 March 2025, as continued trading could harm the proposed raising.

The company has extended the closing date for its Entitlement Offer to 5 March 2025, allowing external investors time to complete due diligence. The revised indicative timetable includes the announcement of results, placement of Appendix 2A, and quotation of shares.

The company has completed its scheduled shipment of 26,239t of beneficiated phosphate concentrate from Ardmore Rock Phosphate Mine, owned by subsidiary Agriflex. Train services between Mt. Isa and Townsville are expected to resume on 19th February 2025.

The company requests an extension to 5 March 2025, citing material prejudicial trading.

The company has extended the closing date for its Entitlement Offer to 5.00pm on 26 February 2025, allowing eligible shareholders more time to consider their entitlements. The revised indicative timetable includes announcements, securities placement, and quotes. Shareholders should read the Prospectus carefully and consult their professional advisers.

The company has announced scheduled shipment schedules for Ardmore Mine, including 25,000 tonnes of beneficiated phosphate concentrate in early February and 10,000 tonnes in March. The mine site is experiencing normal activities, with minor interruptions due to rainfall events.

The company confirmed that it transported 212,000t of beneficiated phosphate concentrate in Year 2, exceeding the 200,000t MVT commitment, resulting in no logistics penalties for the following year.

The company releases its Quarterly Activities/Appendix 5B Cash Flow Report.

The company releases its Corporate Presentation for January 2025.

The prospectus includes a pro-rata entitlement offer to eligible shareholders, a shortfall offer, and a public offer. The Priority Offer consists of one New Share for every Share held, raising approximately $10.4 million. If there is a shortfall, the remaining New Shares and free attaching New Options will be available for subscription.

The company announced an Entitlement Offer, with an opening date of 28 January 2025 and a closing date of 19 February 2025, with the prospectus lodged on 21 January 2025.

Centrex is undertaking an Entitlement Offer to eligible shareholders to raise approximately $10.4 million subject to a minimum subscription condition of $9.0 million. Net proceeds will be used to fund plant upgrades and working capital. The launch of the Entitlement Offer follows the successful execution of strategic agreements with its logistic supplier, which has restructured its logistics trade debts thereby enhancing the company's working capital position. Following the successful completion of the Entitlement Offer, Centrex's pro forma net cash at 14 February 2025 is projected to be approximately $9.8 million, providing confidence to management to continue its execution of its strategy and to invest in potential high growth initiatives.

The company has secured strategic agreements with relevant counterparties, strengthening its working capital position and providing a robust foundation to complete the Stage 1.5 Expansion.

The company releases its application for quotation of securities.

The company has successfully shipped 11,116t of beneficiated phosphate concentrate from Ardmore Rock Phosphate Mine, owned by subsidiary Agriflex, and is targeting a 25,000t shipment in early February 2025.

The securities of Centrex Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of CXM, pending the release of announcements regarding negotiations with its logistics provider and lender and the completion of a capital raising.

name changed from Centrex Metals Limited CXM