This page contains information for shareholders in Palandri Ltd and will be updated regularly with new content.
From 2004 to 2006 Palandri Ltd was listed on the United Kingdom Alternative Investment Market (AIM). In late 2006, shareholders agreed to delist the company from AIM with the intention of relisting on the Australian Securities Exchange (ASX).
The Board and management of Palandri Ltd are preparing for an ASX listing by the end of 2007, while streamlining the corporate structure and continuing to grow the company's operations. The goal is to better position Palandri Ltd to capture a wide range of opportunities in established international markets, like the United States and Europe, while investigating new opportunities in emerging markets like Asia.
Recent developments include:
- A wine shipment equivalent to 70,000 cases to Germany for bottling and then supply to Co-op supermarkets in the United Kingdom.
- The commencement of substantial new vineyard plantings in Western Australia to take advantage of anticipated long-term shortages in key grape varieties.
- The release of the new Vita Novus (new beginnings) premium range of Chardonnay, Cabernet Sauvignon and Shiraz.
- Plans for a dedicated Cheer Pack filling plant in Western Australian to improve the ability to fulfil orders for this innovative eco-packaging.
- A small trial shipment to China as the first step in investigating commercial opportunities in that market.