ASX Announcements
Application for quotation of securities - ALQ
Appendix 2A (Application for Quotation of Securities)
- Jul 2, 2024
- 6 pages
May
ALS CEO gave up $6m bonus after backlash
The former chief executive relinquished up to $6 million in potential bonuses following a shareholder backlash against pay at the Brisbane-based testing giant.
- Liam Walsh
March
ALS writes down $258m drug stake, buys remainder for nothing
The laboratory testing group says it will be able to run the European pharmaceuticals business better once it owns the entire group.
- Liam Walsh
February
EY never probed claims its auditors knew of ‘fake coal’ tests
A Senate inquiry into professional services examined claims about Peabody having its accounts falsified.
- Liam Walsh
November 2023
ALS rethinks stake in pharma R&D business Nuvisan
The Australian testing giant forecast that the worst of a commodities dip has passed, unveiling a 9.4 per cent drop in profit for the half.
- Liam Walsh
September 2023
Korean electric companies preparing Aussie fake-coal lawsuit
The action would escalate the fallout for lab giant ALS from a scandal involving the manipulation of testing results of Australian coal marked for export.
- Liam Walsh
August 2023
PwC blocked from questioning lab for fake-coal probe
ASIC is suing a coal miner over its pronouncements rejecting allegations of involvement in the manipulation of coal data results.
- Liam Walsh
July 2023
Protest vote over ALS’s $1.48m exec retention pay
The company, with 19,000 staff testing everything from water to gold, also gave earnings guidance.
- Liam Walsh
ALS taking no risks, but market on the fence
The global testing giant has its AGM this week, and all eyes will be on any earnings guidance after tremors struck in March.
- Liam Walsh
May 2023
ALS counts on mining outlook to beat slowdown
Shares fell in the Brisbane-based laboratory giant, even as profits jumped.
- Liam Walsh
Lab giant’s new CEO gets pay package of almost $5m
Brisbane-based ALS, which has almost 17,000 staff globally, has chosen an internal replacement as CEO – a Spanish-speaking former lawyer from Argentina.
- Liam Walsh
‘Fake’ coal tests under ACCC gaze after three years in limbo
Five Korean power companies have banned any coal testing by Australian laboratory giant ALS, as the regulator seeks answers.
- Liam Walsh
March 2023
ALS shares drop after CEO announces abrupt departure
Raj Naran said he was leaving the Brisbane-based lab testing group citing family reasons. He has run the company for six years and led a significant expansion.
- Liam Walsh
- Updated
- Coal
Wal King, Terracom sued in ASIC coal-testing whistleblower case
After a former employee raised allegations about fake coal testing, it disputed the claims. Now the regulator is taking the company and some top brass to court.
- Liam Walsh
January 2023
- Investigation
- Due diligence
‘Fake coal’ test: how to get away with manipulating data
It has emerged no regulator is watching over coal certification, even after one lab confessed to switching results for the multibillion-dollar export industry.
- Liam Walsh
November 2022
Anglo, Peabody, Glencore targeted in fake-coal claims
Some coal giants have rejected allegations of forcing labs to manipulate the results of tests on coal.
- Liam Walsh
ASIC decides against punishing ALS in fake coal probe
Two years ago, the testing giant had confessed to the police about fears of manipulation of coal laboratory results.
- Liam Walsh
September 2022
Terracom secures partial win in PwC ‘fake coal’ report
The coal miner had appealed a Federal Court decision that found it had lost privilege over a forensic report into alleged wrongdoing.
- Liam Walsh
August 2022
Demand for battery metals helps boost testing profits: ALS
Profits were upgraded at the laboratory giant’s annual general meeting, but one director faced a workload backlash.
- Liam Walsh
June 2022
Bring out cheque book when PwC, Ashurst crisis experts arrive
Allegations about fake coal tests have resulted in experts’ pricing schedules being filed in the Federal Court. Even photocopying isn’t cheap.
- Liam Walsh
May 2022
KPMG tax spat with lab giant ALS reaches settlement
The dispute spilled back to 2014, and tax work on a Canadian subsidiary of Brisbane-based ALS.
- Liam Walsh