New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$38.0m market cap, or US$26.7m). Price Target Changed • May 22
Price target decreased by 24% to AU$0.27 Down from AU$0.35, the current price target is an average from 2 analysts. New target price is 93% above last closing price of AU$0.14. Stock is down 44% over the past year. The company posted earnings per share of AU$0.012 last year. Reported Earnings • Feb 19
First half 2026 earnings released: AU$0.001 loss per share (vs AU$0.004 profit in 1H 2025) First half 2026 results: AU$0.001 loss per share (down from AU$0.004 profit in 1H 2025). Revenue: AU$58.9m (up 8.6% from 1H 2025). Net loss: AU$266.6k (down 119% from profit in 1H 2025). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 52% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
The Environmental Group Limited to Report First Half, 2026 Results on Feb 18, 2026 The Environmental Group Limited announced that they will report first half, 2026 results on Feb 18, 2026 Announcement • Oct 17
The Environmental Group Limited, Annual General Meeting, Nov 18, 2025 The Environmental Group Limited, Annual General Meeting, Nov 18, 2025. Location: at quest hotel, 5 acacia place, notting hill, vic, 3168 Australia Price Target Changed • Oct 03
Price target decreased by 8.8% to AU$0.35 Down from AU$0.39, the current price target is an average from 2 analysts. New target price is 39% above last closing price of AU$0.26. Stock is down 37% over the past year. The company is forecast to post earnings per share of AU$0.018 for next year compared to AU$0.012 last year. Recent Insider Transactions • Sep 10
Insider recently sold AU$1.0m worth of stock On the 4th of September, Ellis Richardson sold around 4m shares on-market at roughly AU$0.23 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.7m more than they bought in the last 12 months. Recent Insider Transactions • Aug 28
Insider recently sold AU$748k worth of stock On the 22nd of August, Ellis Richardson sold around 3m shares on-market at roughly AU$0.26 per share. This transaction amounted to 9.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$702k more than they bought in the last 12 months. Reported Earnings • Aug 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: AU$0.012 (in line with FY 2024). Revenue: AU$111.9m (up 14% from FY 2024). Net income: AU$4.71m (up 7.3% from FY 2024). Profit margin: 4.2% (down from 4.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 6.6%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 12% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Aug 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (AU$97.0m market cap, or US$62.3m). Announcement • Aug 14
The Environmental Group Limited to Report Fiscal Year 2025 Results on Aug 20, 2025 The Environmental Group Limited announced that they will report fiscal year 2025 results on Aug 20, 2025 Announcement • Apr 01
The Environmental Group Limited (ASX:EGL) agreed to acquire Advanced Boilers & Combustion Pty. Ltd. from Laurie Grigg and David Seymour for AUD 5.5 million. The Environmental Group Limited (ASX:EGL) agreed to acquire Advanced Boilers & Combustion Pty. Ltd. from Laurie Grigg and David Seymour for AUD 5.5 million on March 31, 2025. A cash consideration of AUD 5.5 million will be paid by The Environmental Group Limited. As part of consideration, AUD 5.5 million is paid towards common equity of Advanced Boilers & Combustion Pty. Ltd.
For the period ending December 31, 2024, Advanced Boilers & Combustion Pty. Ltd. reported total revenue of AUD 16 million and EBITDA of AUD 1.6 million. The deal is expected to complete by April 5, 2025.
The vendors are actively engaged in the business and will continue in key roles post acquisition.
Following completion, EGL will retain a strong balance sheet and has obtained a temporary $3.0 million increase in the Westpac overdraft facility until 30 September 2025 and a permanent $1.5 million increase in the Westpac bond facility to provide additional working capital and funding flexibility for future growth, investments or acquisitions. Reported Earnings • Feb 23
First half 2025 earnings released: EPS: AU$0.004 (vs AU$0.006 in 1H 2024) First half 2025 results: EPS: AU$0.004 (down from AU$0.006 in 1H 2024). Revenue: AU$54.2m (up 16% from 1H 2024). Net income: AU$1.44m (down 31% from 1H 2024). Profit margin: 2.7% (down from 4.4% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 16% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 18
The Environmental Group Limited to Report First Half, 2025 Results on Feb 20, 2025 The Environmental Group Limited announced that they will report first half, 2025 results on Feb 20, 2025 Price Target Changed • Nov 29
Price target decreased by 13% to AU$0.38 Down from AU$0.43, the current price target is an average from 2 analysts. New target price is 38% above last closing price of AU$0.27. Stock is up 18% over the past year. The company is forecast to post earnings per share of AU$0.014 for next year compared to AU$0.012 last year. Major Estimate Revision • Nov 15
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from AU$0.016 to AU$0.014. Revenue forecast unchanged from AU$110.0m at last update. Net income forecast to grow 16% next year vs 12% growth forecast for Machinery industry in Australia. Consensus price target down from AU$0.43 to AU$0.40. Share price fell 27% to AU$0.27 over the past week. Buy Or Sell Opportunity • Nov 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to AU$0.32. The fair value is estimated to be AU$0.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 20%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Oct 17
The Environmental Group Limited, Annual General Meeting, Nov 19, 2024 The Environmental Group Limited, Annual General Meeting, Nov 19, 2024. Location: quest hotel, 5 acacia place, notting hill, vic, 3168, Australia Recent Insider Transactions • Aug 28
Insider recently sold AU$1.9m worth of stock On the 23rd of August, Ellis Richardson sold around 5m shares on-market at roughly AU$0.35 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.0m more than they bought in the last 12 months. Price Target Changed • Aug 22
Price target increased by 26% to AU$0.43 Up from AU$0.34, the current price target is provided by 1 analyst. New target price is 25% above last closing price of AU$0.34. Stock is up 64% over the past year. The company is forecast to post earnings per share of AU$0.016 for next year compared to AU$0.012 last year. Buy Or Sell Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock has risen 25% to AU$0.34. The fair value is estimated to be AU$0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 69% in the next 2 years. Reported Earnings • Feb 22
First half 2024 earnings released: EPS: AU$0.006 (vs AU$0.004 in 1H 2023) First half 2024 results: EPS: AU$0.006 (up from AU$0.004 in 1H 2023). Revenue: AU$46.7m (up 15% from 1H 2023). Net income: AU$2.08m (up 47% from 1H 2023). Profit margin: 4.4% (up from 3.5% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 54% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 09
The Environmental Group Limited to Report First Half, 2024 Results on Feb 22, 2024 The Environmental Group Limited announced that they will report first half, 2024 results on Feb 22, 2024 Price Target Changed • Oct 19
Price target increased by 40% to AU$0.33 Up from AU$0.23, the current price target is provided by 1 analyst. New target price is 43% above last closing price of AU$0.23. Stock is up 21% over the past year. The company is forecast to post earnings per share of AU$0.012 for next year compared to AU$0.008 last year. Recent Insider Transactions • Sep 05
Insider recently sold AU$2.0m worth of stock On the 30th of August, Ellis Richardson sold around 9m shares on-market at roughly AU$0.23 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$3.1m more than they bought in the last 12 months. Announcement • Aug 25
The Environmental Group Limited, Annual General Meeting, Nov 21, 2023 The Environmental Group Limited, Annual General Meeting, Nov 21, 2023. Reported Earnings • Aug 24
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: AU$0.008 (up from AU$0.005 in FY 2022). Revenue: AU$82.7m (up 45% from FY 2022). Net income: AU$2.61m (up 68% from FY 2022). Profit margin: 3.2% (up from 2.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.8%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to stay flat during the next 2 years compared to a 33% decline forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 98% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 23
The Environmental Group Limited Announces Board Changes The Environmental Group Limited announced the appointment of Michael Constable as Independent Non-Executive Director and Chair of the Audit & Risk Committee of the Company with effect from 24 August 2023. Michael has significant financial management experience and Board exposure gained within large ASX listed companies over the last 20 years. Michael is a Chartered Accountant who has had senior Executive Finance roles within Nylex and Programmed Groups and was CFO of Tox Free Solutions Ltd. for over 10 years before its sale to Cleanaway in 2018. Michael was also CFO of Millennium Services Group Ltd. for 4 years. Michael's industry experience spans labour and equipment hire, industrial services, waste management and contracting businesses, and he has had significant experience in high growth environments. Michael has developed and successfully executed business organic and inorganic growth strategies, governance, risk management, equity and debt funding initiatives, and driven significant shareholder value. The company also announced that Adrian Siah will be retiring from the Board as Non-Executive Director and Chair of the Audit & Risk Committee with effect from 24 August 2023. Announcement • Aug 21
The Environmental Group Limited to Report Fiscal Year 2023 Results on Aug 24, 2023 The Environmental Group Limited announced that they will report fiscal year 2023 results on Aug 24, 2023 Buying Opportunity • Jun 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be AU$0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Buying Opportunity • May 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be AU$0.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 84% in the next 2 years. Announcement • May 06
The Environmental Group Limited (ASX:EGL) completed the acquisition of Airtight Pty Ltd. The Environmental Group Limited (ASX:EGL) signed a binding agreement to acquire Airtight Pty Ltd for AUD 12 million on April 18, 2023. The consideration is upfront consideration of AUD 7 million, plus contingent consideration of up to AUD 5 million dependent on FY24 earnings, on a cash and debt free basis. The purchase price is based on delivery of AUD 4 million in working capital, which is subject to a post completion adjustment. Implied acquisition multiple of 4.0x forecast FY23 normalised EBITDA based on initial purchase price. EGL will undertake an equity capital raising of up to AUD 9 million, comprising a placement to raise AUD 8 million (“Placement”) and a subsequent Share Purchase Plan to raise up to a further AUD 1 million. Proceeds from the Placement and SPP will be used to support the acquisition and growth of Airtight. Under the Placement, EGL will issue approximately 40 million new EGL shares at an issue price of AUD 0.20 each. The transaction is subject to satisfaction of conditions precedent, including, but not limited to, the receipt of all necessary consents, waivers and approvals and the receipt of subscriptions by EGL under the Placement. Completion of the transaction is scheduled to occur on May 1, 2023. Acquisition of Airtight is expected to be more than 15% EPS accretive to EGL shareholders on forecast FY24 pro forma earnings. Taylor Collison Limited and Bell Potter Securities Limited are acting as Joint Lead Managers and Bookrunners to the Placement and SPP. Acacia Partners is acting as Sole Financial Adviser and MST Lawyers as legal adviser on the acquisition.
The Environmental Group Limited (ASX:EGL) completed the acquisition of Airtight Pty Ltd on May 5, 2023. Recent Insider Transactions • Mar 03
Insider recently sold AU$540k worth of stock On the 27th of February, Ellis Richardson sold around 2m shares on-market at roughly AU$0.22 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.0m more than they bought in the last 12 months. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.003 in 1H 2022) First half 2023 results: EPS: AU$0.004 (up from AU$0.003 in 1H 2022). Revenue: AU$40.8m (up 52% from 1H 2022). Net income: AU$1.41m (up 76% from 1H 2022). Profit margin: 3.5% (up from 3.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Machinery industry in Australia. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has increased by 92% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 28
The Environmental Group Limited Appoints Kate Goland as Joint Company Secretary The Environmental Group Limited in accordance with ASX Listing Rule 3.16.1 advises that Ms Kate Goland of Clear Sky Blue has been appointed Joint Company Secretary. Mr. Andrew Bush, EGL's CFO, will remain as Joint Company Secretary. Recent Insider Transactions • Sep 14
Insider recently sold AU$487k worth of stock On the 9th of September, Ellis Richardson sold around 3m shares on-market at roughly AU$0.19 per share. This transaction amounted to 4.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$3.2m more than they bought in the last 12 months. Reported Earnings • Aug 26
Full year 2022 earnings released: EPS: AU$0.005 (vs AU$0.006 in FY 2021) Full year 2022 results: EPS: AU$0.005 (down from AU$0.006 in FY 2021). Revenue: AU$57.1m (up 23% from FY 2021). Net income: AU$1.55m (down 1.4% from FY 2021). Profit margin: 2.7% (down from 3.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 70% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 25
The Environmental Group Limited, Annual General Meeting, Nov 24, 2022 The Environmental Group Limited, Annual General Meeting, Nov 24, 2022, at 11:00 Eastern Standard Time. Location: Quest Notting Hill 10 Ferntree Place Notting Hill Victoria 3168 Notting Hill Australia Announcement • Jul 20
The Environmental Group Limited Provides Water PFAS Progress Update The Environmental Group Limited announced the Australian national Patent application acceptance for it's PFAS soil and water remediation and the commencement of fabrication of the first PFAS separation unit for sale. Progress update: Following the successful separation and removal of regulated PFAS from various waste streams, EGL committed use of its own in-house design, drafting and engineering services to fabricate its first commercial plant for sale, to ensure protection of its Intellectual Property and to progress into the commercial phase. The process design was refined by EGL Water optimising the plant design post the final trial results. The design improvement process has maximised efficiency while minimising operating and capital costs. Following completion of this process the EGL engineering team has finalised the drafting and modelling requirements for fabrication of the first plant. Ignite Services have commenced fabrication of the plant at their Adelaide facility. The plant will be fully automated through the Programmable Logic Controller (PLC) which will both operate and monitor the plant whilst in use. Subject to supply chain restrictions, fabrication is likely to be completed within two months. PFAS separation trial summary: EGL's foam fractionation technology has demonstrated outstanding results in commercial trials, successfully separating and removing PFAS from liquid waste streams up to 41.5ppb; Consistent results demonstrated with regulated PFAS separated and removed to levels below detection limits in all high-volume low concentrate trials. At the higher concentrate trial, regulated PFAS was removed to over 99.4%; The EPA granted approval for EGL's PFAS soil extraction technology to be trialled at a commercial level; EGL's technology has considerable advantages against other PFAS removal technologies including being simpler, safer, more versatile and more cost effective. EGL Water's PFAS separation and concentration technology has now been demonstrated as a viable solution for treating PFAS contaminated ground water, surface water, leachate, and wastewater. Research and development will continue into the treatment of PFAS contaminated soils, with trials currently underway using the same technology platform with Victoria University, providing encouraging results. Announcement • Apr 14
The Environmental Group Limited (ASX:EGL) entered into an agreement to acquire Ignite Services Pty Ltd for AUD 2.7 million. The Environmental Group Limited (ASX:EGL) entered into an agreement to acquire Ignite Services Pty Ltd for AUD 2.7 million on April 13, 2022. Announcement • Apr 06
The Environmental Group Limited Announces Resignation of Stephen Strubel as Joint Company Secretary The Environmental Group Limited announced the resignation of Mr. Stephen Strubel as Joint Company Secretary effective from 31 March 2022. Recent Insider Transactions • Oct 22
Insider recently sold AU$2.8m worth of stock On the 18th of October, Ellis Richardson sold around 20m shares on-market at roughly AU$0.14 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.3m more than they bought in the last 12 months. Recent Insider Transactions • Sep 04
Insider recently sold AU$500k worth of stock On the 31st of August, Ellis Richardson sold around 5m shares on-market at roughly AU$0.10 per share. In the last 3 months, they made an even bigger sale worth AU$570k. Insiders have been net sellers, collectively disposing of AU$1.6m more than they bought in the last 12 months. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS AU$0.006 (vs AU$0.006 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$46.6m (up 24% from FY 2020). Net income: AU$1.58m (up AU$2.89m from FY 2020). Profit margin: 3.4% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 05
Insider recently sold AU$570k worth of stock On the 30th of July, Ellis Richardson sold around 6m shares on-market at roughly AU$0.095 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$1.1m more than they bought in the last 12 months. Recent Insider Transactions • Jun 08
Insider recently sold AU$527k worth of stock On the 1st of June, Ellis Richardson sold around 7m shares on-market at roughly AU$0.08 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Executive Departure • Apr 02
Non-Executive Director has left the company On the 24th of March, Ellis Richardson's tenure as Non-Executive Director ended after 7.3 years in the role. As of December 2020, Ellis personally held 100.68m shares (AU$3.1m worth at the time). A total of 2 executives have left over the last 12 months. Announcement • Mar 10
The Environmental Group Limited Announces Board Changes The Environmental Group Limited (EGL) announce the appointment of Mr. Graeme Nayler and Mr. Vincent D'Rozario as independent non-executive directors to the board of the company. Mr. Nayler is currently the Executive Director-Strategy & Future Business and a Board Director with Babcock Australasia, Mr. Nayler has also held roles as Managing Director and Corporate Development. Babcock is recognised across many industries, including defence, government, mining and construction, emergency services, oil and gas, airports, automotive, ports, and engineering consultancy. Babcock generates over $400 million annually and has over 1300 employees across Australia, New Zealand and Timor-Leste. Prior to Babcock, Mr. Nayler was an Executive at Nova Systems and an Officer in the Australian Defence Force for over 15 years. Mr. Nayler brings 30 years' experience in a diverse range of industries and environments and has extensive strategy, business development, commercial, corporate affairs and program management experience. This is supported by his deep technical knowledge in engineering, operations, safety management and enterprise risk. Mr. Nayler's experience provides EGL with a solid foundation to support ongoing governance critical for a rapidly growing business. Mr. D'Rozario is currently the Regional Managing Director APAC for CHC Helicopters Australia and a Board Director/Secretary for CHC Helicopters and Australian parent company Lloyd Helicopters Australia. CHC is a privately owned company and serves the oil, gas and mining industries along with state and federal governments. Prior to joining CHC, Mr. D'Rozario was Vice President Projects at Jacobs Engineering; procuring and leading a diverse portfolio of projects in the oil and gas, mineral processing, pharmaceutical and infrastructure sectors across Asia Pacific, Europe, Africa and North America. Mr. D'Rozario has also held senior management roles with Aker Solutions and Global Process Systems where he was the general manager and managing director for their businesses in Singapore and Indonesia. His engineering career spanned over 26 years prior to diversifying into the aviation sector for the past 4 years. Mr. Ellis Richardson has announced his retirement from the EGL Board effective 24th March 2021. Mr. Richardson has been a key contributor to the success of EGL since joining the board in November 2013. He has held both executive and non-executive positions, most recently assuming the role of managing director in 2020 to allow the company to navigate the challenging Covid landscape. Announcement • Feb 27
An unknown buyer acquired 80% stake in PT. Baltec Exhaust and Dan Inlet System Indonesia from The Environmental Group Limited (ASX:EGL) for AUD 0.25 million. An unknown buyer acquired 80% stake in PT. Baltec Exhaust and Dan Inlet System Indonesia from The Environmental Group Limited (ASX:EGL) for AUD 0.25 million on December 17, 2020. The consideration is AUD 0.25 million receivable over 5 years, with equal annual instalments of AUD 50,000 starting from April 2021.
An unknown buyer completed the acquisition of 80% stake in PT. Baltec Exhaust and Dan Inlet System Indonesia from The Environmental Group Limited (ASX:EGL) on December 17, 2020. Announcement • Feb 09
The Environmental Group Limited (ASX:EGL) acquired Active Environmental Solutions Pty Ltd from Jason Dixon for AUD 0.78 million. The Environmental Group Limited (ASX:EGL) acquired Active Environmental Solutions Pty Ltd from Jason Dixon for AUD 0.78 million on February 8, 2021. For consideration 31 million shares in EGL are issued at 2.5 cents per share utilising some of EGL’s placement capacity under Listing Rule 7.1. Initial allocation of 16 million shares issued on completion and performance rights over 15 million shares will be issued. Performance rights over 15 million shares will be issued for the financial years ending June 30, 2021 and June 30, 2022, subject to shareholder approval and certain milestones being achieved.
The Environmental Group Limited (ASX:EGL) completed the acquisition of Active Environmental Solutions Pty Ltd from Jason Dixon on February 8, 2021. Announcement • Feb 08
The Environmental Group Limited Announces CEO Changes The Board of The Environmental Group Limited announced the appointment of Mr. Jason Dixon as Chief Executive Officer of the Company effective from the 8th of February 2021. Mr. Dixon was previously Executive General Manager - Corporate & Risk, with Tox Free Solutions Limited. As a result of Mr. Dixon's appointment, Mr. Ellis Richardson will be stepping down from his role as Managing Director of EGL. The Board of EGL thanks Mr. Richardson for his work in the business over the past 10 months. Mr. Richardson will remain as a non-executive director of EGL. Announcement • Dec 19
The Environmental Group Limited Announces Board Changes The Environmental Group Limited approved the resolution for the removal of directors, Lynn Richardson and Ellis Richardson is not carried and election of directors, Louis Niederer and Kenny Lewis is also not carried, at the AGM held on December 18, 2020. Announcement • Dec 02
The Environmental Group Limited Lodges Provisional Patent Application The Environmental Group Limited announced that it has lodged a provisional patent application with IP Australia for its proprietary technology developed for the treatment of PFAS in contaminated water and soil. The provisional patent application describes EGL Water's development of PFAS separation and concentration technology for the treatment of PFAS contaminated water and soil. Contained within the patent is EGL Water's sub processes of foam fractionation and ionised gas technology, that utilises van der Waals forces to exploit the chemical properties of PFAS. The patent is the product of vigorous research and development advances made with the support, oversight and technical guidance from Victoria University in Melbourne. EGL Water's PFAS separation and concentration technology is a viable solution for treating PFAS contaminated groundwater, surface water, stormwater, wastewater, and soil. Its versatility positions it in the market as a universal tool for the environmental remediation of PFAS contaminated sites. The preparation and lodgement of the preliminary patent was undertaken by Nicholas Milne of
Patentec, a highly regarded Sydney based Australian firm specialising in patent and trademark law. EGL Water's ongoing research will continue to contribute to the R&D advances essential to constrain the worldwide detrimental environmental impacts of PFAS. Trials of PFAS treatment of contaminated groundwater, landfill leachate and soil have yielded positive results. The main focus for EGL Water is now on the commercialisation of this new technology, and it has been actively pursuing opportunities for the deployment of the technology into the market through selected trials, and by working with prospective clients and state environmental bodies. EGL Water will adopt an accelerated market entry approach based on a value-added working partnership approach with customers. The PFAS treatment market is a rapidly growing area driven by increasing environmental regulations as ever mounting evidence emerges of the extent and toxic nature of PFAS substances in the environment and on human health. EGL believes that these regulations are driving a market need to remediate legacy sites ahead of redevelopment, as well as for the rehabilitation of active sites and, in particular, those that impact human use such as agricultural applications, water ways, residential developments, nature reserve and recreational areas. EGL Water's provisional patent application is the first major step in positioning the company as a relevant contender servicing this nascent market. Announcement • Oct 10
The Environmental Group Limited Announces the Retirement of Dean Dowie from the Board The Environmental Group Limited announced Dean Dowie will retire from the board in November and will not stand for re-election. Announcement • Sep 17
the Environmental Group Limited Appoints Adrian Siah as Independent Non- Executive Director, Effective on September 17, 2020 The Environmental Group Limited announced that Mr. Adrian Siah has been appointed as an Independent Non- Executive Director of the Company effective 17th September 2020. Adrian is a member of the CA ANZ with a degree in Accounting from the University of Waikato New Zealand and is a member of the Australian Institute of Company Directors. Adrian brings additional management skills to the Board, as well as broad connections in the investment community and in South East Asia. Adrian will serve as the Independent Chair of the Audit and Risk Committee. Announcement • Sep 03
The Environmental Group Limited announced that it expects to receive AUD 0.815 million in funding The Environmental Group Limited (ASX:EGL) announced a private placement of 32,600,000 shares at a price of AUD 0.025 per share for gross proceeds of AUD 815,000 on September 3, 2020. The transaction includes participation from sophisticated and professional investors. The placement is expected to complete by early next week. 
