ASX Announcements
Executive and Deputy Chair Appointments and Revised CEO Rem
Company Administration - Other, Chair Appointment/Resignation
- Oct 22, 2024
- 4 pages
2024 Notice of Extraordinary General Meeting
Notice of Extraordinary General Meeting, Web Casts
- Oct 10, 2024
- 13 pages
June 2024
Rich Lister Geminder plans board shake-up if Pact bid falls short
Raphael Geminder may need to wait until June next year to try to delist the underperforming Pact Group, as his takeover bid closes after 13 extensions in nine months.
- Simon Evans
April 2024
Pact Group hit by Qenos fallout as Rich Lister circles
Rich Lister Raphael Geminder extended his buyout offer 12 times for packaging group Pact, a large customer of the failed Qenos plastics resins business.
- Updated
- Simon Evans
February 2024
Coat hanger war disrupts Rich Lister’s Pact bid
Two former owners of a coat hangers company bought by Pact Group for $122 million in 2018 loom large as Raphael Geminder tries to close out his takeover bid.
- Simon Evans
January 2024
Rich Lister Raphael Geminder poised to snare Pact
Kin Group has moved to an 85 per cent stake in the packaging group as a higher takeover bid gains traction.
- Simon Evans
December 2023
Raphael Geminder lobs higher offer in bid to take Pact Group private
The packaging company’s board has recommended shareholders accept the billionaire’s new proposal after previously urging them to reject a lower offer.
- Kylar Loussikian
November 2023
Rich Lister shuts down questions on his own takeover bid
Pact Group, chaired by Raphael Geminder, suffered a heavy protest vote on its executive pay with a first strike recorded.
- Simon Evans
Slow going for Rich Lister Geminder in Pact buyout
Raphael Geminder was at the Melbourne Cup on Tuesday, with his buyout bid for the rest of Pact making little headway.
- Simon Evans
October 2023
Rich Lister angry over independent expert’s Pact valuation
Raphael Geminder’s Kin Group, which is trying to buy out the rest of the packaging group, says the Middle East conflict will make things tougher for Pact.
- Simon Evans
Takeover target Pact cuts 175 jobs, pursues asset sales
Rich Lister Raphael Geminder’s miserly buyout offer for the packaging group is struggling to gain traction.
- Simon Evans
Billionaire’s buyout offer for Pact labelled too cheap
Independent directors say Raphael Geminder’s offer is opportunistic, with the shares, valued between $1.06 and $1.51, being well under a 68¢ a share bid.
- Simon Evans
September 2023
Who’s next? Divorcing the ASX can bring hidden payday
Unloved companies are disappearing from the ASX through private equity buyouts, privatisations and voluntary delistings.
- Simon Evans
Rich Lister Raphael Geminder’s other packaging disaster
The billionaire wants to take Pact Group off the ASX, but another listed group in which he owns 66pc has also suffered a big slide.
- Simon Evans
Billionaire Geminder moves to take Pact private
The board of the packaging group told shareholders to ‘take no action’ for now, but Raphael Geminder already owns just over 50 per cent of Pact.
- Updated
- Simon Evans
- Opinion
- Chanticleer
Geminder joins deal-making billionaires as they charge into battle
Rich Lister Raphael Geminder’s move to take Pact Group private is pitched as a way to end minority shareholders’ pain.
- Anthony Macdonald
August 2023
Rich Lister Geminder’s pain may be ending after $1.3b wipeout
Raphael Geminder, chairman of Pact Group, has got some relief from the packaging company’s slump as its shares spike following an asset sale.
- Simon Evans
RBC tows Morrison & Co into Pact’s crate pooling business
Listed packaging solutions business Pact Group Holdings has sold half of its crate pooling business to infrastructure investor Morrison & Co.
- Sarah Thompson, Kanika Sood and Emma Rapaport
June 2023
Rich Lister’s Pact signs upgraded packaging deal with Aldi
The CEO of the packaging group 49pc-owned by Raphael Geminder says patience is needed as it chases the ‘green’ premium.
- Simon Evans
March 2023
Pact Group in confidential talks on crates unit; Citi on deck
Debt-laden Pact Group is testing buyer appetite in its high-margin plastic crates pooling business, in an effort to free up funds for other part of the business and shore up its balance sheet.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
February 2023
Pact Group inks Woolies recycling deal as net profits rebound
More agreements with retailers are expected as governments and consumers push companies to shift towards recycling products, the Pact CEO said.
- Jenny Wiggins
October 2022
Rich Lister makes a Pact on recycling
Raphael Geminder owns 47 per cent of the packaging group, which is investing $75m over three years to step up its green push.
- Simon Evans