Company Overview
Provision of funding to small and medium enterprises. This includes factoring, supply chain finance and commission advancement across a range of industries. The the Group has developed a fintech solution to extend its funding approach and leverage reach through third party platforms.
Website | www.butn.co |
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Head Office | Caulfield North VIC |
Registry | Link Market Services Ltd |
CEO | |
Chair Person | Suzanne Ewart |
GICS Industry | Diversified Financials |
Sub Industry | Specialized Finance |
Sector | Financials |
Market Cap | $14 m |
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Shares on Issue | 78 m |
Status | Trading |
Last Price | |
Change | |
52 Week H/L | |
VWAP | |
Bid/Ask |
Directors and Management
Mr Georg Johann Chmiel
Non-Executive Director 18/09/2020
Mr Chmiel has over 25 years of experience in the real estate and online industry, working for companies such as Deutsche Bank and McKinsey & Company. Georg is currently the executive chairman of Juwai IQI Holdings, one of Asia's property tech companies and chairman of iCarAsia (ASX:ICQ). Georg is also non-executive director of Centrepoint Alliance (ASX:CAF) and the PropTech Group (ASX:PTG) (the leading real estate office company for Australia and New Zealand). Georg was previously managing director and chief executive officer of the iProperty Group (ASX:IPP) before it was sold to REA Group (ASX:REA), later holding the position of chief financial officer and general manager (international) at REA Group. Georg was also previously non-executive director of Mitula Group (ASX:MUA) before it was acquired by Lifull (2120:Tokyo) and managing director of LJ Hooker Group with 700 offices across ten countries. Georg is the 2021 recipient of the Impact Lifetime Achievement Award for Property Excellence in Malaysia, winner of the C-Suite Leadership Excellence Award in 2020, the Asia Pacific Entrepreneurship Award in 2016 and the Top Outstanding Leaders Asia Award in 2015. He is also chairman of Risk Committee of BTN.
BCompSci,MBA, MCS, CPA, MAICPA,FAICD, Male
Mr Michael (Mike) John Hirst
Non-Executive Director 18/09/2020
Mr Hirst is a retired career banker who has worked across most areas of the banking industry and has experience in retail banking, balance sheet management, financial markets and strategy. After 9 years in the role of managing director and chief executive officer of Bendigo and Adelaide Bank, Mike retired in July 2018. Mike currently serves on a number of listed and not for profit boards including GMHBA, health.com.au, AMCIL and Racing Victoria where he is deputy chairman. Mike is an honorary member of the Business Council of Australia and a Commissioner of the Federal Government's National COVID-19 Commission Advisory Board. Mike was previously deputy chairman of Treasury Corporation of Victoria and the Australian Banking Association. He was also a director of Rural Bank, Sandhurst Trustees, Colonial First State Fund Managers, Barwon Health and Austraclear Limited. During the Global Financial Crisis, Mike was appointed to the Federal Government's Financial Sector Advisory Council and remained a member until his retirement. He is also member of Risk Committee of BTN.
BCom, SFFinSIA,MAICD Male
Mr Walter Rapoport
Co-Founder, Joint CEO,Executive Director 09/09/2020
Mr Rapoport's career spans economics research and more than 25 years as the founder and CEO of a knitwear manufacturing company supplying Australia's retailers, including a period as a licensee to Pierre Cardin. Throughout his career, he has involved in manufacturing, finance, sales and marketing. He has experience in identifying, developing, and executing innovative receivables funding solutions and adapting products to digital transformations. Walter serves as chairman of the Multicultural Chambers of Commerce Group and chairs the Grampians Regional Advisory Council.
BEco, Male
Mr Suzanne Maree Ewart
Non-Executive Chairman,Non-Executive Director 18/09/2020
Ms Ewart has served as chair, director and senior business executive for various organizations, focusing on chairing audit, risk, finance and remuneration committees. She has served on a number of boards in the financial services, technology, health, infrastructure and education sectors with corporate governance and leadership knowledge from many years of experience in global businesses. With a background in treasury, finance, strategy, mergers and acquisitions, divestment and initial public offerings (in organizations including Fosters' Group, NAB, Telstra, BTR, Pacific Dunlop and Woodside Petroleum) together with strategic placements in executive level roles, Suzanne has experience in some of Australia's ASX listed corporations. Suzanne currently serves on the board of Dexus Wholesale Funds Ltd and also chairs a Bendigo Community Bank. Suzanne has served on a number of other boards including as chair of .au Domain Administration Ltd, Box Hill Institute Group, Peter MacCallum Cancer Centre and Cell Therapies and as a director of Treasury Corporation Victoria and TT Line Pty Ltd. She is also member of Risk Committee of BTN.
Female
Mr Rael Ross
Co-Founder, Joint CEO,Executive Director 09/09/2020
Mr Ross has over 15 years' experience in financial services, technology and business. Rael has created, developed and executed technology and digital projects through several businesses. Rael co-founded what is today known as Tsikot.com, one of the online automotive platforms and the online automotive forum in the Philippines. Rael has worked in private practice, the not-for-profit sector and for 'Big 4' accounting firms. In 2020, Rael was awarded Australian Young Entrepreneur across multiple categories.
BAcc Accountant Male
Ms Helen Louise Lea
Non-Executive Director 01/09/2021
Ms Lea is an experienced executive having held senior roles in transformation, human resources, talent and performance. She is the Chief Employee Experience Officer at MYOB, responsible for a range of portfolio including Digital, Workplace, People and Corporate Affairs. Helen has experience in a number of Australian and multi-national corporations including Seven Group Holdings, Telstra, UGL and British American Tobacco. She has experience with Remuneration Committees, Superannuation Trusteeship and Technology Risk and was a Director of ITA Co (Independent Telecommunications Adjudicator).
FAHRI,GAICD,Masters(Organisational Psychology),Reg Female
Top 20 Shareholders
Name | Shares | % | |
---|---|---|---|
1. | Walrap Nominees Pty Ltd | 36,191,572 | 22.62 |
2. | Why K Pty Ltd (The Rael Ross Family A/C) | 36,191,572 | 22.62 |
3. | Myob Invest Co Pty Ltd | 31,840,000 | 19.90 |
4. | CS Third Nominees Pty Limited (i) | 11,527,166 | 7.20 |
5. | CS Third Nominees Pty Limited (ii) | 6,000,000 | 3.75 |
6. | Wilson Asset Management (Intl) Pty Ltd | 3,073,911 | 1.92 |
7. | Helant Pty Ltd (The Helant Family A/C) | 3,000,000 | 1.87 |
8. | Citicorp Nominees Pty Limited | 2,000,000 | 1.25 |
9. | Mr David Roseman | 1,500,000 | 0.94 |
10. | David Roseman | 1,381,792 | 0.86 |
11. | Merriwee Pty Ltd (Merriwee Super Fund A/C) | 1,152,717 | 0.72 |
12. | Pershing Australia Nominees Pty Ltd (Accum A/C) | 1,084,500 | 0.68 |
13. | Jamber Investments Pty Ltd | 1,082,500 | 0.68 |
14. | HSBC Custody Nominees (Australia) Limited | 1,008,000 | 0.63 |
15. | Spring Plains Past Co (Vic) PL | 768,479 | 0.48 |
16. | Wheap Pty Ltd (Boon Superannuation Fund A/C) | 674,000 | 0.42 |
17. | Elkay Investments Pty Ltd | 576,358 | 0.36 |
18. | Davsam Pty Ltd (Roseman Retirement Fund A/C) | 560,400 | 0.35 |
19. | Evolution Ees Limited | 537,935 | 0.34 |
20. | Asia Pac Technology Pty Ltd | 494,000 | 0.31 |
Director Transactions
Date | Name | Qty | Value | Direction | Notes |
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