お知らせ • Aug 01
Design Milk Co Limited Announces Board Changes Design Milk Co Limited announced the appointment of Mr. David Willington as a Non-Executive Director effective immediately. Mr. Willington is a Portfolio Manager and Managing Partner at Bombora Group. Mr. Willington has over 25 years' experience in corporate finance and investment banking and during his career has primarily advised companies in the technology, media and telecommunications industries. Previously, David was a Senior Partner at Deloitte Corporate Finance and prior to that was an investment banker with NM Rothschild and Citi. David is the Chairman of ezyCollect Holdings Limited. David has a Bachelor of Commerce, is a member of the Institute of Chartered Accountants in Australia and is a Fellow of the Financial Services Institute of Australia. Date of appointment is July 31, 2024. The Company announced that Mr. Andrew John Whitten tendered his resignation as Non-Executive Director due to other commitments. The Board has accepted his resignation and Mr. Whitten will step down from the board effectively immediately. Date of cessation is July 31, 2024. お知らせ • Oct 30
Design Milk Co Limited, Annual General Meeting, Nov 30, 2023 Design Milk Co Limited, Annual General Meeting, Nov 30, 2023, at 10:00 AUS Eastern Standard Time. Location: Suite 3, 2 New McLean Street, Edgecliff NSW 2027 Edgecliff New South Wales Australia Agenda: To consider adoption of remuneration report; to consider Election of Andrew Whitten as Director; and to consider other business matters. お知らせ • Jun 26
Design Milk Holdings, LLC completed the acquisition of All Assets of online business from Design Milk Co Limited (ASX:DMC). Design Milk Holdings, LLC executed a conditional agreement to acquire All Assets of online business from Design Milk Co Limited (ASX:DMC) for $0.35 million on April 20, 2023. If Shareholders approve the Proposed Sale and it subsequently completes, the Company intends to use the funds from the sale to explore other opportunities and for general working capital. To this end, the Company is pleased to advise that it is in advanced discussions with a high growth technology company for a potential acquisition of that business. The agreement includes customary warranties given by the parties for a transaction of this type. Completion will be subject to Shareholders of the Company approving the Proposed Sale and subject to the parties’ respective representations and warranties set out in the agreement remaining true and correct at completion, the parties having not materially breached of any of their material obligations under the agreement and the parties delivering all documents as required under the agreement. The parties have agreed that completion of the sale and purchase in accordance with the terms of the agreement shall take place on the date that is within five (5) business days of the date on which the ASX Condition is satisfied.
Design Milk Holdings, LLC completed the acquisition of All Assets of online business from Design Milk Co Limited (ASX:DMC) on June 26, 2023. As on May 29, 2023, Design Milk Co Limited shareholders approved the deal. Board Change • Oct 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Bryan Zekulich was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jun 28
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Arnaud Massenet was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 28
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Director Jaime Derringer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder & Director Jaime Derringer was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 03
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: US$0.021 loss per share (down from US$0.019 loss in 1H 2021). Revenue: US$970.2k (up 58% from 1H 2021). Net loss: US$765.5k (loss widened 48% from 1H 2021). Revenue was in line with analyst estimates. Board Change • Mar 03
No independent directors Following Founder, Chief Creative Officer & Director Jaime Derringer's arrival on 01 March 2022, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Founder, Chief Creative Officer & Director Jaime Derringer was the last director to join the board, commencing their role in the last week. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 19
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director Arnaud Massenet was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Arnaud Massenet was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 24
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Arnaud Massenet was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Sep 15
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Arnaud Massenet was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Sep 01
Full year 2021 earnings released: US$0.034 loss per share (vs US$0.089 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: US$1.35m (up 54% from FY 2020). Net loss: US$1.01m (loss narrowed 48% from FY 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Sep 01
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Non-Executive Director Arnaud Massenet was the last director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 03
First half 2021 earnings released: US$0.019 loss per share (vs US$0.047 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: US$614.5k (up 17% from 1H 2020). Net loss: US$516.7k (loss narrowed 45% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings.