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18 November 2010) In accordance with Listing Rule 3.13.2, Coffey International Limited announces that each of the resolutions put to the Annual General Meeting of the Company held on 18 November 2010 was passed by the requisite majority.
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18 November 2010) Please find attached the addresses to be presented at today’s Annual General Meeting by our Chairman – Mr Stephen Williams and Managing Director – Mr Roger Olds.
(14 October 2010) In accordance with Listing Rule 3.17, attached is a copy of the 2010 Notice of Annual General Meeting, Proxy Form and Questions from Shareholders form to be sent to shareholders.
(5 October 2010) Appendix 3X in relation to Ms Susan Oliver.
(29 September 2010) Read or download our Financial Report 2010.
Appointment of New Chairman
(29 September 2010) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that Mr Stephen Williams has advised the Board that he will retire as Chairman of the Company at the close of the 2010 Annual General Meeting on 18 November 2010. Mr Williams intends to offer himself for re-election as a Non-Executive Director to assist in handover and ensure a seamless transition to the new Chairman.
(3 September 2010) Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) today announced that, following the first anniversary review of its global matrix structure, it has decided to divide the leadership of the Group operations function into two roles.
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31 August 2010) The Company advises that the following unlisted options have been forfeited due to the three year performance hurdles not being achieved:
Overview
(18 August 2010)
- Strong start to first half, continuing the recovery from the GFC seen in the fourth quarter of FY09
- Implemented second phase of management restructure in October 2009 to establish a matrix to manage the global business
- Disappointing second half, caused by continuing impacts of GFC in different parts of the world, compounded by the impact of the management restructure
- Divested MPL Laboratories as a non-core asset
- Acquired Global Justice Solutions and Libra Advisory to build global security and justice business
- Actions implemented during second half to improve performance:
- Increased business development activities
- Overhead cost reductions from procurement review
- Implemented business right-sizing plan with staff reductions
- one-off costs of $3.9 million
- cost savings of between $12 million and $15 million per annum in FY11
- Improved monthly fee revenue evident from March 2010 reflecting return on increased business development activity
- Fully franked final dividend of 3.5 cents per share
- Bank facilities and financial undertakings reviewed in June 2010
- Cautious outlook for FY11 despite improving monthly fee revenues over past 4 months
(30 June 2010) In April 2010, the Directors of global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”, “the Company”)) announced that they expected an operating earnings before interest, tax, depreciation and amortisation (“Operating EBITDA”) result of $45 million to $50 million for the year ending 30 June 2010, excluding any potential goodwill impairment impacts.
(29 April 2010) The Directors of global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced that they expect an Operating EBITDA result of $45 million to $50 million for the full year ending 30 June 2010.
(3 March 2010) Global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced it has acquired 100 per cent of Global Justice Systems (GJS), based in Australia and the United Kingdom (UK), and Libra Advisory Group Limited, a UK-based consultancy.
(6 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) today announced that the U.S. Agency for International Development (USAID) has awarded Coffey a US$40 million funding increase within the contract for the Tatweer Project in Iraq.
(24 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced the appointment of Dr John Mulcahy as an independent Non-executive Director of Coffey International Limited, effective immediately.
(11 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced that subsidiary Coffey International Development has been awarded a A$100 million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF).
