News Articles for Ian Trahar

Seafarms shareholders lodge fresh legal action

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Kathmandu co-founder Jan Cameron has lodged fresh legal action against Seafarms Group in the latest bid to recoup some of the millions she invested in the Project Sea Dragon prawn farm.

Project Sea Dragon rises from the depths

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Seafarms Group Limited has completed its acquisition of assets and undertakings of Project Sea Dragon from the liquidator, paving the way for a return of the trouble-plagued prawn farm.

Kununurra prawn farm back, again

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A prawn farm on Legune Station on the NT-WA border could be back on the cards, after the company behind the problem-plagued asset launch a fresh play.

Seafarms aims to save prawn project

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The company behind the Project Sea Dragon prawn farm near Kununurra will double a debt facility with an entity controlled by a director in an effort to remain solvent and revive the project.

Trahar seeks 100pc of CO2 Australia

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Ian Trahar has moved to take full ownership of environmental services company CO2 Australia, which was demerged from Seafarms Group more than five years ago.

Board Moves May 6, 2022

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Our board moves wrap includes Richard O'Shannassy, Ian Shackleton, Mick McMahon, and Ian Trahar.

Seafarms boss ousted

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Seafarms Group's executive chair and chief executive Mick McMahon has stepped down from the board two weeks after a major shareholder sought to have him removed.

Seafarms in boardroom drama

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Seafarms Group's largest shareholder has sought to remove Mick McMahon from the board less than six months after he was appointed executive chair.

Big moves on WA rich list

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Soaring valuations for tech companies and mining stocks have brought major shifts in this year's list of WA wealth creators.

Project Sea Dragon review, chair steps down

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Seafarms Group chair Ian Trahar has stepped down and the board has launched a review of the company's flagship development Project Sea Dragon after a delay in funding arrangements.

Board Moves November 1, 2021

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Our board moves wrap includes Darryl Cuzzubbo, Peter Sherrington, Stephen Dennis, Jeremy King, Kim Truter, Jack Hamilton, Andrew Harris, Priyank Thapliyal, Peter North, Scott Winter, Emma Scotney, Suzie Foreman, Jessamyn Lyons, Simon Jackson, Yasmin Broughton, Tony Swiericzuk, Peter Thomas, Rebecca Morgan, Mick McMahon, Ian Trahar, Ian Brannan, and Harley Whitcombe.

Seafarms Group raises $90m

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Aquaculture company Seafarms Group has raised $90 million and is seeking to raise $15 million more to start construction of its black tiger prawn operation, Project Sea Dragon.

Iron ore, property drive wealth for state’s highest flyers

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The updated WA ‘rich list' shows the state's iron ore magnates are moving far ahead of people who made their money in other industries.

Seafarms raises $12.5m

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Aquaculture company Seafarms Group has completed a $12.5 million capital raising ahead of the rapidly evolving COVID-19 situation to keep its operations afloat over the next 12 months.

WA directors in multi-million dollar share trades

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Directors of several Perth-based ASX-listed companies have undertaken substantial share transactions in the past fortnight, with Peter Bradford, Peter Cook and John Welborn among those taking advantage of the trading window after the release of their annual results.

Seafarms raises $10m as Trahar invests

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Ian Trahar has taken a larger stake in his listed agribusiness Seafarms Group while the Perth business taps investors for $10 million.

Seafarms raises $10m for prawning project

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Perth-based Seafarms Group has received firm commitments for a $10 million capital raising to fund ongoing work at its $1.45 billion Sea Dragon prawn aquaculture project in the Northern Territory.

Beament, Creasy hit wealth sweet spot

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SPECIAL REPORT: For the second year running, the value of shares held by company directors in WA has fallen sharply, though some operators defied the trend.

Seafarms to raise $17m for prawns project

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Local aquaculture firm Seafarms Group has announced plans to raise up to $16.6 million, with major shareholders Ian Trahar and Paul Favretto committing to a large portion of the raising.

Commodities Group buys land for $1.5bn prawn farm project

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Perth-based company Commodities Group has signed an access and option agreement for a 180,000-hectare cattle station, to continue its pursuit of an industrial scale prawn farming operation.

Seafarms backed by Commodities Group, Trahar: BNiQ

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This week, I started posting articles on how BNiQ, our searchable database, can help you delve into Western Australian companies and people in a previously unavailable way.

Aquaculture tide rising in WA

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Western Australian businesses are being drawn to the long-term growth opportunities offered by the aquaculture sector as increasing demand from Asia drives investment.

Chinese group makes $35m tilt for Kresta

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Kresta Holdings' major shareholder, China-based Aplus, has outlined plans to acquire the Malaga-based company just six months after buying a large interest in the group.

CO2 Group dumps CEO in revamp

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CO2 Group has sacked long-serving chief executive Andrew Grant as it pushes on with its bid to recast the business as an environmental services and aquaculture player.

CO2 Group wraps up $11.2m Seafarm buyout

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Ian Trahar's CO2 Group has taken another step towards becoming one of the nation's largest aquaculture players, putting the finishing touches its $11.2 million takeover of Queensland prawn growing

Kresta takeover bid set to close

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Ian Trahar's takeover bid for Kresta Holdings will close tomorrow, unless it receives enough acceptances to take its interest to more than 40 per cent of the window furnishings company.

Hunter Hall wins Kresta battle

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Kresta Holdings chairman Peter Hatfull and major shareholder and former chairman Ian Trahar have lost their battle to retain control of the Malaga-based window furnishing company.

Trahar will not increase Kresta bid

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Ian Trahar has confirmed he will not increase his takeover offer for window coverings manufacturer Kresta Holdings, even though independent analysis of the bid last week found it neither fair nor reasonable.

Kresta bid ruled not fair or reasonable

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Ian Trahar's bid for window furnishings group Kresta Holdings has been dealt a severe blow with an independent expert finding the offer neither fair nor reasonable.

Perpetual comes clean on Kresta stake

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The shape of takeover target Kresta Holdings' shareholder register continues to change, with fund manager Perpetual the latest major investor to reveal its activity in the stock over recent months.

Lighetr note

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Happy holidays

Hunter Hall says Kresta bid too low

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Hunter Hall Investment Management says Ian Trahar's bid to take over Kresta Holdings significantly undervalues the business and has rejected suggestions it was seeking to take control of the business by ousting key board members.

Trahar launches Kresta takeover bid

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Kresta Holdings chairman Ian Trahar has launched a $47 million cash takeover bid to take full control over the warring window coverings manufacturer.

Passion for the environment a driving force

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Former Liberal senator Ian Campbell is an unlikely eco-warrior but his track record since leaving federal parliament last year definitely has a green tinge, albeit with a very corporate approach.

Sunset pause for Avatar owners

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It might be little more than a historic footnote in corporate Western Australia, but the delisting and privatisation of Avatar Industries Ltd marks the end of an era.