ASX Announcements
Notification regarding unquoted securities - BUB
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
- Dec 31, 2024
- 7 pages
Bubs 2024 Annual General Meeting Presentation
Company Presentation, Chairman's Address to Shareholders
- Nov 21, 2024
- 62 pages
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.
- Sally Patten
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
- Carrie LaFrenz
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Carrie LaFrenz
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.
- Carrie LaFrenz
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.
- Carrie LaFrenz
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.
- Carrie LaFrenz
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.
- Updated
- Vesna Poljak
A2 Andy’s aversion to discovery
The Bubs dissident sued three former business partners ... then withdrew the case when asked for documents.
- Myriam Robin
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.
- Sarah Thompson, Kanika Sood and Emma Rapaport
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.
- Kylar Loussikian
- Exclusive
- Baby formula
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.
- Carrie LaFrenz
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.
- Elouise Fowler
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.
- Carrie LaFrenz
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.
- Liam Walsh
- Exclusive
- Baby formula
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.
- Carrie LaFrenz
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.
- Sally Patten
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.
- Myriam Robin
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.
- Carrie LaFrenz
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.
- Myriam Robin