Aankondiging • May 01
Papyrus Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175 million. Papyrus Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 0.175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Apr 23
Papyrus Australia Limited has filed a Follow-on Equity Offering in the amount of AUD 0.175 million. Papyrus Australia Limited has filed a Follow-on Equity Offering in the amount of AUD 0.175 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,500,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 28
Papyrus Australia Limited, Annual General Meeting, Nov 28, 2025 Papyrus Australia Limited, Annual General Meeting, Nov 28, 2025. Location: at the offices of bdo audit pty ltd, level 7, bdo centre, 420 king william street, adelaide sa 5000 Australia Aankondiging • Aug 12
Papyrus Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 0.262 million. Papyrus Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 0.262 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,200,000
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Aug 04
Papyrus Australia Limited has filed a Follow-on Equity Offering in the amount of AUD 0.262 million. Papyrus Australia Limited has filed a Follow-on Equity Offering in the amount of AUD 0.262 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,200,000
Price\Range: AUD 0.01
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 26
Papyrus Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 0.15 million. Papyrus Australia Limited has completed a Follow-on Equity Offering in the amount of AUD 0.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,636,363
Price\Range: AUD 0.011
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 23
Papyrus Australia Limited has filed a Follow-on Equity Offering. Papyrus Australia Limited has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Transaction Features: Subsequent Direct Listing Aankondiging • Oct 30
Papyrus Australia Limited Appoints Nick Di Girolamo as Non-Executive Director Papyrus Australia Limited announced the appointment of a new non-Executive Director Mr. Nick Di Girolamo, to the Papyrus Board effective from 29 October 2024. Mr. Di Girolamo has been a solicitor for over 30 years and was admitted to the Supreme Court of NSW in 1993. A well credentialed high-stake commercial negotiator, Mr. Di Girolamo has senior executive experience and robust leadership skills and is recognised for building strong long-term working relationships. He has gained commercial and financial management skills and strategic growth experience across a diverse portfolio during his career. Negotiating significant road and water Infrastructure contracts in NSW, Mr. Di Girolamo negotiated and oversaw the establishment of a public and private sector partnership with the NSW Government. Holding corporate board experience, Mr. Di Girolamo served as Chair of the Wests Tigers Rugby League Club, Chair of the Italian Chamber of Commerce (Sydney), and Director of the State Water Corporation (Water NSW). As Managing Director of a leading Sydney law firm and gaining extensive business experience in infrastructure, Mr. Di Girolamo decided on a fulltime return to law and started his own boutique law firm in 2020. Aankondiging • Oct 29
Papyrus Australia Limited, Annual General Meeting, Nov 27, 2024 Papyrus Australia Limited, Annual General Meeting, Nov 27, 2024. Location: the offices of bdo audit pty ltd, level 7, bdo centre, 420 king william street, adelaide sa 5000, Australia Board Change • Oct 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 06
Papyrus Australia Limited Announces Retirement of Edward Byrt as Non-Executive Director, Effective 18 November 2024 Papyrus Australia Limited announced that on behalf of the Board of Directors, the Executive Chair Mr. Al Jawhari announced the retirement of non-Executive Director Mr. Edward Byrt from the Papyrus Board effective 18 November 2024. Mr. Byrt joined the Papyrus Board in 2004 and was the Chair from 2009 to July 2024. During this substantial tenure, he oversaw of the early-stage development of the Papyrus technology for banana fibre transformation. Mr. Byrt with the board navigated difficulties over the last 15 years, such as the GFC and COVID- 19, and were able to address the financial requirements of the Company, maintain strong governance as well as sustaining developments that would realise beneficial commercial outcomes. Aankondiging • Jul 16
Papyrus Australia Limited Announces Executive Changes Papyrus Australia Limited announced that Mr. Edward Byrt has retired as chairman of the Company and Mr. Al Jawhari (an experienced international business executive) has been appointed as his replacement. Mr. Byrt remains a non-executive director of the Company. The appointment of Mr. Jawhari as Executive Chairman reflects the progression of the Company from research and development activities to product development and commercialisation and the need for the Chairman to take an increasing role as the Company transitions into marketing its technology internationally. Mr. Al Jawhari An internationally recognised business leader, Al Jawhari is an entrepreneur, innovator and technology commercialisation expert with more than 25+ years of C-level experience. His global experience spans through Defence Manufacturing, Retail, Agriculture, Food & Wine, e-commerce and software Platforms development. Al is currently the Co-Founder and Group Chief Executive Officer for Starke-AMG, Co-Founder for Innovate Inn, Co-Founder for Jewel Creek Farm, Vice President - Board Director and South Australia Chair for Australia Arab Chamber of Commerce and Industry, Advisory Board, Centre for Enterprise Dynamics in Global Economies UNISA Industry Advisory Member for Australian Institute of Business and Australia-NA Managing Partner for SeedForum Global. Al is a member of AIAA, AICD, Block Chain Council, Paul Harris Fellow in Rotary International and holds both US and Australian Patents in VR, Products Traceability, Anti Counterfeit platform/devices and Blockchain. Mr. Byrt, has being Chairman of the Company from 2009 to the present time. During that period, he has overseen the establishment of PPYEg (the joint venture company between PPY and EBFC in Egypt) and in particular guided the group through the GFC, the challenging governance issues that occurred in Egypt post 2011, the ongoing development of the intellectual property and oversaw the Company's financial requirements during his tenure. Board Change • Jun 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 27
Papyrus Australia Limited, Annual General Meeting, Nov 29, 2023 Papyrus Australia Limited, Annual General Meeting, Nov 29, 2023, at 10:30 AUS Central Standard Time. Location: BDO Audit Pty Ltd, Level 7, BDO Centre 420 King William Street Adelaide South Australia Australia Agenda: To consider the Financial Statements for the financial year ended 30 June 2023 and accompanying reports of the Directors and Auditor; to consider adoption of Remuneration Report; to consider re-election of Vincent Peter Rigano as Non-executive Director; to consider approval of additional 10% Placement Facility; and to consider other matters. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.0m free cash flow). Shares are highly illiquid. Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$12.2m market cap, or US$7.93m). Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.0m free cash flow). Shares are highly illiquid. Earnings have declined by 59% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (AU$11.7m market cap, or US$7.92m). Minor Risk Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Aankondiging • May 26
Papyrus Australia Limited Announces Resignation of Ramy Azer as Director Papyrus Australia Limited announced resignation of Ramy Azer as director. Date that director ceased to be director: 19 May 2023. Aankondiging • May 20
Papyrus Australia Limited Announces CEO Changes Papyrus Australia Limited Papyrus Australia Ltd. announced that Mr. Ramy Azer, the founder of the company and Managing Director, has retired from his Board appointment at Papyrus Australia to facilitate the planned consolidation of Papyrus Egypt announced to the market on 28 April 2023 and to concentrate on the planned project in Egypt involving the Government of Egypt, which will require his dedicated engagement. Mr. Azer will continue to represent the company in its relationship with the Government of Egypt initially to establish the contracted banana fibre moulded products factory. In light of Mr. Azer's retirement, the Board has appointed Daniel Schmidt as Interim CEO effective immediately. Mr. Schmidt most recently serving as the company's Chief Operating Officer, has played a vital role in the development and execution of business strategy and possesses a comprehensive understanding of operations. Mr. Azer will continue in a non-executive role to provide continued technical support to the business and a stable and orderly transition for Daniel Schmidt into the role. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Non-Executive Independent Director David Attias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David Attrias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director David Attrias was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 04
Full year earnings released - AU$0.00052 loss per share Over the last 12 months the company has reported total losses of AU$133.7k, with losses widening by 22% from the prior year. 