Introduction to buying shares in Binna Burra Lodge Ltd.
A Short Timeline
Romeo Lahey and Arthur Groom established the National Parks Association of Queensland (NPAQ) – to ‘preserve intact in their natural condition the existing national parks of Queensland and to secure the reservation of other suitable areas before it is too late’.
17 December 1932:
Romeo Lahey and Arthur Groom received letter of confirmation from land-owner, George Rankin, to purchase the land where Binna Burra is located.
16 December 1933:
The first summer camp at Binna Burra – tents were set up on the ‘Saddle’ near to where the ‘Senses Trail’ (opened in 1975) starts. The ‘Senses Trail’ remains closed since the bushfires but will be reopened when resources permit.
3 March 1934:
Queensland Holiday Resorts Limited (now Binna Burra Lodge) incorporated with 97 initial shareholders. By 2021, the company has 866 shareholders.
1960: 450 shareholders with small amounts each (20 to 30 shares)
8 September 2019:
The central lodge and pioneer timber cabins all destroyed at the beginning of the six months of ‘Black Summer’ bushfires around Australia.
13 March 2021:
Extraordinary General Meeting (EGM) of shareholders of Binna Burra Lodge Ltd held at Mt. Roberts, on the site of the former lodge – gives approval to the company to (a) Rights Issue to current shareholders to take up new shares valued at $1 each on the basis of buying 3 shares for every one share currently held and (b) after that process to current shareholders, to open the opportunity to buy shares to the general public.
For current and new shareholders wishing to buy shares.
Open until 10 April 2022.
Investors can purchase shares in the new era of Binna Burra Lodge Limited.
Just click on the button above ‘APPLICATION FORM’.
Be ready with your personal contact details, your tax file number and bank account details.
Shares are $1.00 each with a minimum subscription of A$500.
No individual can own more than 2.5% of the shares in this environmental social enterprise founded in 1933.
The offer is made under the Offer Information Statement (OIS) (available here).
Any person looking to invest in Binna Burra should consider the OIS in deciding whether to acquire shares
Click here for discounts available to shareholders when visiting Binna Burra.
‘Eligible Shareholders should be aware that an investment in the Company is subject to investment and other known and unknown risks, including possible loss of income and the principal invested. Investors should carefully read the section on risk factors outlined in section 6. An investment of this kind involves a number of risks, a number of which are specific to the Company and the industry in which it operates. However, these risks should not be taken to be exhaustive of the risks faced by the Company or its shareholders. Those risk factors referred to section 6, and others not specifically referred to in section 6, may materially affect the financial performance of the Company and the value of its Shares in the future. The Company has implemented strategies, actions, systems and safeguards for known risks. However, some risks are beyond its control. Consequently, the prevailing price or value of New Shares issued under the Offer may be more or less than the Issue Price. The New Shares offered under this Offer carry no guarantee of profitability, dividends, return of capital or the price at which they may be traded. The past performance of the Company should not necessarily be considered a guide to their future performance.