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6 stories mentioning ASX:ABGUpdated 29d ago

Every FINWIRES story that references ASX:ABG, newest first.

Asia

Abacus Storage King Names New CEO After Completion of Internalization

Abacus Storage King (ASX:ASK) said Nikki Lawson was appointed as its new chief executive, effective Wednesday, after Abacus Group (ASX:ABG) confirmed that the company's internalization was completed, according to two separate Wednesday filings with the Australian bourse.Abacus Storage King's name will be changed to Storage King Group on July 6, trading under the ASX ticker code "SKG," per the filing.Abacus Storage Property Trust will be renamed to Storage King Property Trust, while the responsible entity Abacus Storage Funds Management will be rebranded to Storage King Funds Management.Shares of Abacus Storage King were up 1% in recent trading on Wednesday.

ASX:ABGASX:ASK
Asia

Abacus Group Appoints CFO

Abacus Group (ASX:ABG) appointed Lawrence Wong as chief financial officer, according to a Tuesday filing with the Australian bourse.Wong will begin on Aug. 17 and assume the CFO role on Sept. 1, per the filing.Wong will succeed Evan Goodridge, who will begin at Abacus Storage King (ASX:ASK) on Sept 1, ensuring a smooth transition, the filing added.The company's shares fell around 1% in recent Tuesday trade.

ASX:ABGASX:ASK
Asia

Abacus Group Declares Dividend

Abacus Group (ASX:ABG) declared a dividend of AU$0.0425 per share for the six months ending June 30, according to an Australian bourse filing on Thursday after market hours.The dividend will be paid on Aug. 31 to holders of record as of July 1, the filing said.The company paid the same dividend in the prior corresponding period, an earlier filing showed.

ASX:ABG
Asia

Abacus Group Appoints Chair

Abacus Group (ASX:ABG) named Mark Haberlin, a non-executive director and lead independent director, as independent chair of the board, succeeding Myra Salkinder, according to a Tuesday filing with the Australian bourse.Salkinder will retire from the board on June 30, the filing said.Shares rose 1% in midday trade on Tuesday.

ASX:ABG
Asia

Abacus Group Denies Morgan Stanley Stake Sale Plan; Says No Talks With Charter Hall

Abacus Group (ASX:ABG) said a Morgan Stanley transaction referenced in media speculation published in The Australian has not proceeded, according to a Thursday Australian bourse filing.Morgan Stanley is planning to sell down about 20% stake of Abacus Group in Abacus Storage King (ASX:ASK), according to a Tuesday report by The Australian, citing sources.The report also noted that Charter Hall (ASX:CHC) has recently raised its stake in Abacus Group to above 5.8%, but Abacus said that there are no discussions with Charter Hall.

ASX:ABGASX:ASKASX:CHC
Asia

Abacus Group Sells Abacus Storage King Responsible Entity for AU$24 Million

Abacus Group (ASX:ABG) said it has entered into binding transaction documentation to sell 100% of the shares in Abacus Storage Funds Management Limited (ASFML), the responsible entity of Abacus Storage King (ASX:ASK), as part of ASK's plan to internalize its management functions, according to a Monday Australian bourse filing.The company said ABG will receive a headline price of AU$19 million plus about AU$5 million representing the net assets of the target companies, with the internalization expected to be implemented on June 30.The internalization will involve the termination of existing management agreements with Abacus Storage King, the sale of ASFML to Abacus Storage King, and the transfer of key employees, with net proceeds to be used to repay Abacus Group's debt.Abacus Group's Nominee Director, Steven Sewell, will step down as managing director of Abacus Storage King on implementation, with Nikki Lawson appointed as chief executive officer, joining the Abacus Storage King's board the day after implementation, the filing added.Following the internalization, Abacus Group will cease collecting investment and development management fees from Abacus Storage King, offset by annualized cost savings of about AU$8.4 million.Abacus Storage King has reaffirmed full fiscal year 2026 distribution guidance of AU$0.085 per security.

ASX:ABGASX:ASK

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