ASX Announcements
Change of Director's Interest Notice - PJ
Change of Director’s Interest Notice
Market Sensitive
Bubs Australia - Half Year Results Presentation
Half Yearly Report, Company Presentation
Market Sensitive
Bubs Australia - Half Year Results Commentary
Half Yearly Report, Periodic Reports - Other
Market Sensitive
Bubs Australia - Half Year Report and Appendix 4D
Half Yearly Report, Half Year Audit Review, Half Year Directors' Statement, Half Year Accounts, Half Year Directors' Report
1H FY25 Results Announcement Date and Webcast Notification
Notification of Results/Reporting Date, Web Casts
April 2024
Super funds nominating directors to boards ‘unwise’
Super funds that nominate a director to a company board may fail to change the organisation’s strategy and could lose flexibility to manage their investment, leading chairmen warn.
November 2023
Bubs asks shareholders for more capital to fund US push
The infant formula player is looking for $28 million at 12.5¢ a share
Bubs Australia launches $28m raise; Bell Potter hired
Bubs had its broker, Bell Potter, launch a $28 million raising on Wednesday morning, split evenly across a placement and a share purchase plan.
September 2023
Bubs boardroom battle responsible for cost surge, company says
The infant formula group’s board led by former King & Wood Mallesons partner Katrina Rathie, survived a push by the company’s founders to oust them.
July 2023
Bubs’ China problem gets worse
The infant formula player’s fourth quarter China sales crashed nearly 100 per cent compared to a year ago.
Jack Gance questions Bubs spending after board spill fails
The billionaire co-founder of Chemist Warehouse and the second-biggest Bubs shareholder suggests that the company spent a staggering $5 million on its campaign.
Early votes at Bubs indicate spill at infant formula maker to fail
The dispute between the company and its former managers and founders, Kristy Carr and Dennis Lin, has extended for months.
Chemist Warehouse billionaire wades into Bubs stoush
Jack Gance, in a letter to shareholders this week, urged investors to turf the infant formula company’s board at a meeting scheduled for later this month.
A2 Andy’s aversion to discovery
The Bubs dissident sued three former business partners ... then withdrew the case when asked for documents.
Bubs board spill fails to woo proxy advisers ISS, Glass Lewis
Proxy adviser Institutional Shareholder Services (ISS) is advising its clients to oppose plans to spill Bubs Australia’s existing board and install a new one.
Bubs distracted by ‘creating negative headlines’, backers of coup say
The company has a market capitalisation of only $200 million, but has been touted as a contender to become the next major agribusiness in Australia.
Malaysian billionaire emerges as backer of Bubs’ biggest distributor
Lee Ming Tee is behind the conglomerate that owns InterContinental hotels in Australia, and also appears to be the silent partner in AZ Global.
Beleaguered baby formula maker turns to US, Beijing for rescue
The Bubs Australia board concedes the firm’s value has been ‘destroyed’ since it hit the ASX boards in 2017.
Bubs’ distributor in China seeking to claw back $20m for unsold stock
In another twist in the battle for Bubs, its key China partner is seeking to return tins of unsold formula and claims Bubs owes it over $20 million.
June 2023
Bubs blames China sales for milk inventory hit
The move comes amid divisions about the baby formula maker’s approach to doing business in the Asian nation.
Was Bubs in the dark about Citi’s mandate? Emails indicate no
The company alleges its ex-chief executive and chairman kept details of the appointment from the rest of the board as part of a dispute in the Federal Court.
Bubs chairman loses $1m in share price rout
If any Bubs shareholders are feeling aggrieved at the collapse in the share price of the infant formula maker, chairwoman Katrina Rathie understands their pain.
Inside the internecine world of Bubs Australia
Joe Hockey’s cross-border facilitators at Bondi Partners are the latest to be dragged into the furore. Though they’ve already felt its impact.
Joe Hockey’s Bondi Partners dragged into Bubs legal dispute
Other allegations in a claim lodged by the company against former executives include wild spending on hotels and at a karaoke bar at Crown Melbourne.
Bubs questions ousted chief’s expensed shopping trip
Bubs’ board has been handed a report prepared by Herbert Smith Freehills, tasked with examining the expenses of the company’s former leaders.