ASX Announcement Wellard Ltd (ASX:WLD) (Wellard) advises that the Company’s preliminary financial results for the year ended 30 June 2017 released today show revenue of $497.9m, Gross Profit of $27.6m and a Net Loss After Tax of $77.3m. The Company’s loss before tax, excluding impairments on vessels, was $61.4m, which is in line with the $55m-$65m […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) is pleased to announce it has added more live export experience to its board, appointing Fred Troncone as a non-executive director of the Company. Mr Troncone is a former CEO of Wellard Rural Exports. Since he left Wellard Rural Exports in mid-2015 he has worked as a consultant in a range […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) provides the following clarification in respect of the market update dated 17 July 2017. The Company is continuing to work through its year-end audit process and as a result a number of matters remain subject to further review. However, the Company expects its potential losses before tax for the […]

ASX Announcement Wellard Limited (ASX:WLD) provides the following market update. The Company is currently finalising its FY2016/17 audit and annual results, and expects that its trading losses for the second half of the financial year are likely to be significantly higher than the A$16M loss reported in the Company’s first half. The total loss for the […]

ASX announcement Wellard Limited (“Wellard”) (ASX:WLD) has signed a binding Memorandum of Agreement (“MoA”) to sell one of its livestock vessels, the M/V Ocean Outback, for USD26 million (approx. A$34.9 million). The vessel will be purchased by Israeli company, Dabbah Slaughterhouse Limited (or its nominee) (“Buyer”). The sale of the mid-sized M/V Ocean Outback, which was […]

MEDIA RELEASE Wellard Limited (Wellard, ASX:WLD) is back supplying sheep to the Gulf Region in the Middle East, after an almost two year hiatus. The return to the Middle East was marked by a shipment of 10,000 sheep to Oman, to Mawashi Oman. Mawashi Oman has developed a 50,000 head capacity feedlot and also operates […]

ASX announcement / Media release Wellard Limited (“Wellard”) (ASX:WLD) is pleased to announce the appointment of Chinese businessman Mr. Kanda Lu as an executive director of the Company. As announced in Wellard’s 3 April 2017 Offer Document, Non-Executive Director, Mr. Greg Wheeler has now retired from the Board. Mr Lu is the Assistant to the Chairman of […]

MEDIA RELEASE Wellard Limited (Wellard, ASX:WLD) has successfully transported its first shipment of 2,000 dairy heifers to Sri Lanka under a contract to supply 20,000 dairy cattle to Sri Lanka. Discharge of the Friesian Jersey-cross heifers, preg-tested in calf, was completed today after arriving from New Zealand. A 99.8 per cent success rate was achieved […]

MEDIA RELEASE Starting off a busy few weeks for Wellard Limited (Wellard, ASX:WLD), the first shipment of 2,000 Friesian Jersey-cross heifers, preg-tested in calf, of Wellard’s contract to supply 20,000 dairy cattle to Sri Lanka, has departed Napier, New Zealand. Wellard Breeding and Dairy General Manager Colin Webb said each shipment’s timing and size were […]

ASX Announcement Shareholder correspondence dispatched with Entitlements Issue offer documentation Wellard Limited (ASX:WLD) refers to the Company’s fully underwritten non-renounceable pro-rata entitlement offer on a 1-for-4 basis at an issue price of $0.185 per share to raise approximately $19.7 million (before costs) (Entitlement Offer), which was announced on 3 April 2017, full details of which are contained in the […]

MEDIA RELEASE Australia’s largest live cattle exporter Wellard is offering forward contracts and a price premium to producers of European and British breed cattle to keep their bull calves entire. The move to source large numbers of bull calves for export to the Middle East and Europe is driven by consumer demand for bulls in […]

ASX Announcement Wellard Limited (Wellard or the Company, ASX:WLD) is pleased to announce a fundraising initiative to raise approximately $52 million (before costs). The fundraising will be comprised of: a placement of 25 million new shares to sophisticated and institutional investors at $0.24 per share to raise $6 million (Placement); a fully underwritten non-renounceable pro […]

MEDIA RELEASE Wellard Limited (Wellard, ASX:WLD) has become the first meat processor in Western Australia with the ability to receive electronic versions of the National Vendor Declarations (NVD) from sheep producers. The Company’s Kojonup abattoir, Beaufort River Meats (BRM), is the first receiver of the eNVD in Western Australia, enabling farmers to fill out and […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) welcomes the decision by one of Australia’s largest cattle producers, Heytesbury Pty Ltd, to purchase a significant shareholding in Wellard. Heytesbury, which is owned by Paul Holmes à Court, lodged a substantial shareholder notice with the ASX today, indicating it had acquired 9.57 per cent of Wellard shares. “It was welcome […]

ASX Announcement Summary Record high cattle prices in H1FY17 impacted margins and therefore financial results Streamlining operations and pursuing opportunities to improve working capital in preparation for a market recovery Establishing platform to capitalise on China live export trade Market leadership position in most important live cattle export markets Wellard Ltd (ASX:WLD) has today reported […]

MEDIA RELEASE Wellard is pleased to announce purchase of Clonlee, a farm in Condah, Western Victoria, where it will develop a Pre Export Quarantine facility to service live cattle exports, largely to China as the commencement of the slaughter/feeder live cattle trade to this important market nears. Located just 60 kilometres to the north of […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) provides the following update on its banking covenants. In Wellard’s previous announcements, Wellard noted that it had breached certain financial undertakings on 30 June 2016 related to its working capital facility and would likely breach certain financial covenants to be measured at 30 September and 31 December 2016 in its working […]

ASX Announcement China Wellard has received its first Exporter Supply Chain Assurance System (ESCAS) approval in China from the Australian Department of Agriculture and Water Resources (DAWR). The ESCAS approval is a necessary step to start exporting slaughter cattle to China and was received for a supply chain in northern China. It is the first […]

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) wishes to provide the following update on its banking covenants. Wellard announced in its 2016 Annual Report that it had breached undertakings in its working capital facility for which it obtained waivers and extensions to remedy the breaches prior to 30 November 2016 and 28 February 2017. Wellard is pleased to […]

ASX Announcement Ladies and Gentlemen, welcome to the first Annual General Meeting for Wellard Limited as a company listed on the Australian Securities Exchange. Today my first address as Company chairman will provide an overview of Wellard’s first year as a listed Company as well providing some information on the current and likely future trading […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) is pleased to announce the appointment of experienced businessman and finance professional Mr John Klepec as an independent non-executive Director of Wellard. Mr Klepec possesses considerable expertise in commercial management, business development and finance across a wide range of industry groups including agriculture, logistics and commodities. Mr Klepec has […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) notes recent statements released to the media by Wellard’s 14.4% shareholder, Butt Nominees Pty Ltd (Butt), relating to Wellard’s upcoming Annual General Meeting and the resolutions to be considered at the meeting (Release). Wellard wishes to make the following clarifying announcement and respond to certain statements and implications within […]

ASX Announcement Wellard Limited (ASX: WLD) announced that its wholly-owned subsidiary, Wellard Ships Pte Ltd has reached an agreement to further defer the delivery date for the M/V Ocean Kelpie, currently being built by Uljanik d.d. (“Uljanik”) shipyards in Croatia. The delivery is now expected to take place within Q3 FY19. This will accommodate Uljanik’s […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) is pleased announce two senior management changes as the Company continues to enhance its livestock procurement and prepares for the opportunity that China is presenting to the Company and Australian livestock producers. Brendan Wade appointed Livestock Network Development Manager In the past month Wellard’s Brendan Wade has been working […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) advises that it has appointed Mr John Stevenson as the Company’s Chief Financial Officer (CFO). Mr Stevenson replaces Interim CFO Alan Rule. Mr Stevenson possesses considerable experience in the agribusiness sector, notably as CFO and Director for Australia’s largest privately owned pastoral company, Consolidated Pastoral Company. He has also worked for […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) advises that it has appointed Mr Michael Silbert as Company Secretary effective 18 October 2016, replacing Yasmin Broughton. Mr Silbert has extensive experience in equity capital markets, mergers & acquisitions, banking and finance, and contracting. He has most recently been General Counsel and Company Secretary for a significant Western Australian […]

ASX Announcement Wellard Limited (Wellard, ASX:WLD) is pleased to announced that the latest addition to its fleet, the purpose-designed and built M/V Ocean Shearer, has successfully passed inspection by the Australian Maritime Safety Authority (AMSA) and has been granted its Interim Australian Certificate* for the Carriage of Livestock (ACCL). The receipt of this interim certificate instantaneously approves the […]

ASX Announcement Wellard Ltd (Wellard) (ASX:WLD) has released its audited financial results for the year ended 30 June 2016 (FY2016). The audited accounts confirm a pro forma* Net Profit After Tax of $14.8 million and Gross Profit of $88.9 million, the same financial results contained in the Company’s preliminary final report which was released on 31 August […]

ASX Announcement Wellard Limited (Wellard or the Company, ASX:WLD) refers to its announcement of 19 September 2016 and is pleased to advise that closing of the Refinancing has been completed and, as a consequence, Wellard has received the total A$16.3 million owing from WGH Holdings Pty Ltd (WGH). For further information: Investors Managing Director, Mauro Balzarini […]

ASX Announcement Wellard Limited (Wellard or the Company, ASX:WLD) is pleased to advise that it has been informed that its largest shareholder, WGH Holdings Pty Ltd (WGH), a company controlled by Wellard CEO Mr Mauro Balzarini, has signed agreements to undertake a refinancing (Refinancing). Upon closing of the Refinancing, WGH will immediately repay the A$15.8 […]