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RLF AGTECH LTD (RLF)

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Former (or subsequent) names

 

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Our website ranking of RLF: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000210726
Address: Suite A 65 Kurnall Road Welshpool Western Australia 6106
Tel:  +61 (08) 9334 8700

Date first listed: 21/04/2022

Activities: Manufacture and sale of technology-based plant nutrition products

News & Events

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The suspension of trading in the securities of RLF AgTech Ltd will be lifted immediately following the release by RLF of an announcement regarding a material acquisition and equity raising.

02/05/2024

The company releases Transformational Acquisition and Equity Raising Presentation.

02/05/2024

The company releases a notice of proposed issue of securities.

02/05/2024

The Company has entered into a binding Business Sale Deed (Acquisition Deed) to acquire the business assets of LiquaForce Pty Ltd, a long established, successful liquid fertiliser business with two major manufacturing hubs located in northern Queensland. RLF to acquire the assets of LiquaForce for a total of $4.5m comprising: $3m cash and $0.75m scrip considerations, payable on completion; and $0.75m deferred cash consideration, payable by 30 September 2024. Acquisition to be highly revenue and margin accretive, with material positive cash flow and EBITDA contributions to the Company. Total consideration implies: a FY23 revenue multiple of 0.22x; and an adjusted FY23 EBITDA multiple of 4.32x. RLF to establish a complete plant nutrition solution for Australian agriculture, by acquiring Queensland based LiquaForce with two established manufacturing facilities and significant operating revenues. The Acquisition provides RLF a strong foothold in Queensland, an important agricultural region in Australia and significantly diversifying RLF's sources of revenue. Strong strategic rationale provides RLF the ability to introduce its highly synergistic, higher margin products into LiquaForce's supply chain, providing further revenue and earnings generation. In relation to the funding of the Acquisition, RLF has secured a new debt facility of ~$2.9m and an additional ~$1.89m via placement. RLF intends to raise further funds under a share purchase plan.

02/05/2024

The company lodges its Quarterly Activities/Appendix 4C Cash Flow Report.

30/04/2024

The securities of RLF AgTech Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of RLF, pending the release of an announcement regarding a material acquisition and the equity raising.

29/04/2024

listed entity carried for record purposes only

21/04/2022

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    19/12/2023Donald McLay184,888$0.110$20,338
    28/06/2022Donald McLay500,000$0.117$58,664
    23/06/2022Liza Carpene190,000$0.130$24,700

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Ben BarlowChairman01/08/2024
    Gavin BallManaging Director21/04/2022
    Zaiqian ZhangCFO, Company Secretary23/10/2023
    Paul McKenzieNon Exec Director21/04/2022
    Liza CarpeneNon Exec Director21/04/2022
    Shen LuExecutive Director07/04/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Donald McLayChairman21/04/202231/03/2025
    Ken HancockManaging Director, CEO21/04/202204/06/2024
    Su-Mei SainCFO21/04/202223/10/2023

    Date of first appointment, title may have changed.