Logo Wellard

Wellard is an important link in meeting rising global demand for protein through the supply of quality livestock to consumers throughout the world. The purpose-built, technologically advanced livestock vessels that we charter to exporters and importers throughout the world, combined with a specialist livestock crew, ensure optimal welfare outcomes for the livestock on-board and a quality product our customers.

Extension to CBA Facility Agreement signed

May 26, 2016

ASX Announcement

Wellard Ltd (ASX:WLD) (Wellard or the Company) is pleased to announce it has signed an agreement with the Commonwealth Bank of Australia (CBA) to extend the maturity date of its existing $50 million facility with CBA from December 2016 to December 2017.

The extended facility enables Wellard to maintain financial flexibility and capture opportunities when sourcing cattle and sheep. The material terms of the facility were disclosed in section 4.5.3.1.1 of the Company’s IPO prospectus released on the ASX platform on 4 December 2015.

For further information:

Investors
Mauro Balzarini, Managing Director
Greg Wheeler, Finance Director
Phone: + 61 8 9432 2800

Media
Cameron Morse, FTI Consulting
Phone: + 61 8 9485 8888
Mobile: +61 (0) 433 886 871

News Feed

  • Posted on

    M/V Ocean Drover Reaches 200th Voyage Milestone

    Media Release The workhorse of the Wellard’s livestock shipping fleet, the M/V Ocean Drover, has celebrated the success of its 200th voyage. Launched twenty years ago as the M/V Becrux (it was renamed the M/V Ocean Drover in 2009), the vessel was a breakthrough for the live export sector as it was first large livestock […]

    Find out more
  • Posted on

    Wellard releases FY2020 financial results, recording maiden full year profit

    ASX Announcement             Wellard Ltd (Wellard, ASX:WLD) advises that it recorded its best full year Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) result of $23.3 million in FY2020, as the Company began to realise the benefits of its debt restructure program to record its first full year financial profit since listing on […]

    Find out more
  • Posted on

    Wellard completes capital restructure through sale of M/V Ocean Shearer for US$53 million

    ASX Announcement Highlights Sale of MV Ocean Shearer completed for US$53.0 million (approx. A$89.8 million1) to reduce Wellard financial debt2 to US$16.9 (approx. A$28.7 million); US$40.8 million (approx. A$69.1 million) reduction in existing debt; US$12.2 million (approx. A$20.7 million) increase in cash on hand; Wellard’s fleet right-sized to three vessels; Successful sale transaction will complete company […]

    Find out more
  • Posted on

    Wellard to defend shareholder class action

    ASX Announcement Wellard Limited (Wellard) has today been served with a class action proceeding filed in the Federal Court of Australia in Victoria. The proceeding filed by Quinn Emanuel Urquhart & Sullivan is on behalf of all persons who or which: acquired an interest: in ordinary shares in Wellard between 8 December 2015 and 31 August […]

    Find out more
  • Posted on

    Wellard releases H1 FY2020 financial results

    ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that it recorded Earnings Before Interest Tax Depreciation and Amortisation (EBITDA) of $10.8 million and a net loss after tax of $2.1 million in the six months to 31 December 2019, as the Company continued to restructure its operations and balance sheet. Revenue declined from $188.2m to $49.1m reflecting the […]

    Find out more
  • Posted on

    Wellard to complete capital restructure through sale of M/V Ocean Shearer for US$53M

    ASX Announcement Highlights Sale of MV Ocean Shearer for US$53.0 million (approx. A$77.8 million1) to reduce Wellard financial debt to US$16.7 (approx. A$24.6 million)2; US$42.3 million (approx. A$62.0 million) reduction in existing debt; US$10.7 million (approx. A$15.8 million) increase in cash on hand; Wellard’s fleet right-sized to three vessels (two owned and one exclusively leased); Successful […]

    Find out more
  • Posted on

    WELLARD LIMITED EXECUTIVE CHAIRMAN’S REPORT ANNUAL GENERAL MEETING: 22 NOVEMBER 2019

    ASX Announcement Welcome I would like to welcome shareholders to the 2019 Wellard AGM, my second as Executive Chairman of the Company. As with last year, I will provide a brief chairman’s address before providing more detailed information about the operations and finances of the Company in my executive capacity, alongside the Company’s Chief Financial Officer John Stevenson. […]

    Find out more
  • Posted on

    Wellard releases FY2019 financial results

    ASX Announcement Wellard Ltd (Wellard, ASX:WLD) advises that it retained positive EBITDA and cashflow for FY2019, however poor trading conditions in the second half of the financial year (H2 FY2019), vessel impairments and financing costs contributed to a net loss after tax of $48.4 million (FY2018: $36.4 million). Improved EBITDA of $12.0 million (FY2018: $9.8 million), operating […]

    Find out more
  • Posted on

    Sale of M/V Ocean Swagman to Heytesbury for US$22M to proceed

    ASX Announcement Wellard Limited (ASX:WLD) (Wellard or the Company) advises that it will proceed with the sale of the M/V Ocean Swagman to Heytesbury Holding Company Pty Ltd (Heytesbury) for US$22M. The transaction also includes a bareboat charter of the vessel back from Heytesbury to Wellard immediately upon completion of the sale which is expected to complete on […]

    Find out more