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Wellard is meeting rising global demand for protein through the supply of quality livestock and value-added-product to consumers throughout the world. Our principal business is the supply of live sheep and cattle to the Middle East and Asia, providing an important link between producers of quality livestock and consumers.

Brazil live cattle trade injunction overturned

February 6, 2018

ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that it has received advice that exports of live cattle from Brazil have resumed after the Brazilian Government successfully applied to overturn an injunction which had temporarily suspended the trade in that country for two days. “The Brazilian Government has demonstrated its support for the live export trade […]

Wellard Releases H1 FY2018 Financial Results

February 6, 2018

ASX Announcement Highlights Operating EBITDA positive at $8.9 million, a $14.2 million turnaround Net loss after tax of $7.5 million, a $10.4 million improvement on 1HFY17 ‘Costs Out’ program achieves $7.9 million reduction in total operational expenses and is ongoing Increased demand for charter vessels out of South America, but competition increasing Focus on converting […]

Chairman’s Address at 2017 AGM

November 29, 2017

ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) releases the address to be presented by the Chairman at the Company’s Annual General Meeting today at Botanical 4, Lower Level, Crown Convention Centre, Great Eastern Highway, Burswood at 10.00am (WST). Chairman’s Address at 2017 AGM In my message to Wellard Limited shareholders contained in the FY2017 Annual […]

MV Ocean Swagman Chalks Up 100 Voyages

November 10, 2017

MEDIA RELEASE Wellard Limited (ASX:WLD): The Wellard designed and operated mid-sized livestock vessel, the MV Ocean Swagman, has completed its milestone 100th voyage. The MV Ocean Swagman was launched in 2009 with a revolutionary Dual Independent Propulsion System, comprising dual engine rooms and propellers, to provide it with levels of redundancy and therefore safety, rarely […]

Wellard Announces First Shipment of Beef Cattle to China

November 1, 2017

ASX Announcement Wellard Limited (ASX:WLD) is pleased to announce that the Company’s first shipment of beef steers from Australia to China departed from Portland, Victoria, yesterday afternoon. Approximately 2000 cattle were loaded for the voyage to Shidao in the Chinese Province of Shandong. The cattle are being supplied to Rongcheng HCMH Trade and Service Co., Ltd, […]

Senior Executive Restructure

September 21, 2017

ASX Announcement The Board of Wellard Limited (Wellard, ASX:WLD) announces that current Non-Executive Director, Fred Troncone, has been appointed ‘Executive Director – Operations’. Mr Troncone will assume management responsibility for all of Wellard’s day to day operational matters. “Wellard has been taking steps to improve its operations and performance, which Mr Troncone will continue to […]

Wellard Announces First Shipment of Beef Cattle to China

September 18, 2017

ASX Announcement Wellard Limited (ASX:WLD) is pleased to announce it has agreed commercial terms for the Company’s historic first shipment of beef cattle to China. Approximately 2000 cattle will be loaded for the shipment from south east Australia. The cattle are being supplied to Rongcheng HCMH Trade and Service Co., Ltd, a subsidiary of Tai […]

Wellard releases preliminary FY2017 financial results

August 31, 2017

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 […]

Wellard appoints new non-executive director

July 26, 2017

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 […]

Clarification re Market Update

July 18, 2017

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 […]

Wellard Market Update

July 17, 2017

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 […]

Wellard to sell M/V Ocean Outback for A$34.9M

June 1, 2017

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 […]

Wellard Back In The Middle East

May 18, 2017

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 […]

Wellard Appoints New Director

May 16, 2017

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 […]

Sri Lanka Shipping Success Sets The Standard

May 15, 2017

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 […]

Letters to Eligible and Ineligible Shareholders

April 11, 2017

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 […]

Wellard Offers Premium Priced Forward Contracts for Bull Calves

April 8, 2017

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 […]

Wellard to raise $52 million

April 3, 2017

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 […]

Wellard’s Beaufort River Meats Leading the Way in E-Food Safety Integrity

March 27, 2017

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 […]

Heytesbury New Substantial Shareholder

March 1, 2017

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 […]

Half Year Results for the Period Ended 31 December 2016

February 28, 2017

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 […]

Banking Covenant Waiver Update

January 3, 2017

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 […]

Wellard operations update – China and Sri Lanka

December 17, 2016

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 […]

Remedy of Working Capital Facility Covenant Breach

December 1, 2016

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 […]

AGM Chairman’s Address

November 29, 2016

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 […]

Wellard Appoints John Klepec as Director

November 17, 2016

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 […]

Statement to Shareholders

November 10, 2016

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 […]

Reschedule of Delivery of M/V Ocean Kelpie

November 8, 2016

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 […]

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