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FIRST GROWTH FUNDS LIMITED (FGF)

Listed on ASX ( $        )

Former (or subsequent) names

Shareholder links

Our website ranking of FGF: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare, Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067

Tel : +61 3 9415 4000 or 1300 850 505
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details

Address: Level 5, 56 Pitt Street SYDNEY NSW 2000
Tel:  +61 2 8651 7806 Fax: +61 (0) 3 9605 5928

Date first listed: 19/12/1986
Company Secretary: Julie Edwards
Sector: N/A Industry Group: 
Activities: Investment and identification, evaluation and acquisition of investment opportunities in the carbon industry together with the development of such opportunities and the management of the portfolio of existing investments.
The securities of First Growth Funds Limited will be lifted immediately, following receipt of a response to the ASX Query Letter dated 21 November 2017.27/11/2017
The company issues a response to ASX query letter.27/11/2017
The securities of First Growth Funds Limited will be suspended from quotation immediately, in accordance with ASX listing rule 17.3, pending further inquiries from ASX. 16/11/2017
The securities of First Growth Fund Limited (the "Company") will be reinstated to Official Quotation from the commencement of trading on Tuesday, 17 February 2015, following effectuation of the deed of company arrangement and completion of a capital raising. 12/02/2015
On the 27th of October the company (FGF) announced that it had applied to the ASX for a waiver under listing rule 14.7 to provide an extension of time to issue shares which were approved at the extraordinary general meeting held on July 30, 2014. The company can confirm that it has raised the required capital to seek reinstatement of its securities with the ASX. The company is now coordinating with the ASX a reinstatement date for its securities, and is hopeful of a reinstatement date during December09/12/2014
the Board has agreed to extend the closing date of the Prospectus lodged with ASIC on 16 September from 20 October 2014 until 30 November 201422/10/2014
Up to 300,000,000 Shares at an issue price of $0.01 per Share to issues a prospectus to raise up to $3,000,000 ("Public Offer") with a Minimum Offer of 150,000,000 shares to raise $1,500,00025/09/2014
issues a prospectus for 300,000,000 Shares at an issue price of $0.01 per Share to raise up to $3,000,00016/09/2014
at the General Meeting of First Growth Funds Limited, held on 30 July 2014 at 10:00am (AEDT), the Shareholders approved sixteen (16) of the sixteen (16) Resolutions put before them on a show of hands30/07/2014
company has agreed a proposal with Peloton Capital Pty Ltd ("Peloton"). Peloton specialises in providing investment, corporate advisory, mergers and acquisitions, securities trading and wealth management solutions. Peloton have agreed to raise: $162,000 through the issue of 32,400,000 shares at $0.005 per share, which is within the Company's 15% placement capacity; and then A minimum of $2,000,000 through a Prospectus issue of 200,000,000 shares at $0.01 per share. Each of these shares will have a New Option (Series B) attached to them. Subject to shareholder approval, 32,400,000 Series A New Options will be issued to the Peloton investors participating in the 15% placement15/05/2014
provides an update on a recapitalisation proposal01/05/2014
The Directors of First Growth Funds Limited (ASX Code: FGF)("the Company") advise that they have received formal notification from the Company's former Deed Administrator, Mr Michael Basedow, that the Deed of Company Arrangement ("DOCA") has been effectuated. As the DOCA has been fully effectuated, it has been terminated and control of the Company has returned to its Directors. Subject to members so resolving at the General Meeting of Members to be held at the offices of Pitcher Partners, 160 Greenhill Road, Parkside, SA, at 11am on 24 October 2013, the Directors will proceed with the required capital raising ahead of the relisting of the Company's securities21/10/2013
details of further amendments to the recapitalisation proposal are released19/09/2013
details of an amended recapitalisation proposal are released20/08/2013
releases a timetable for completion of the Bonus Offer of free attaching options to eligible shareholders pursuant to its prospectus dated 21 February 201304/03/2013
issues a new prospectus For the conditional offer of: 1. 250,000,000 Shares at an issue price of $0.01 per Share to raise up to $2,500,000 ("Public Offer") 2. 50,000,000 Shares to the Secured Creditor ("Secured Creditor Offer") 3. 60,000,000 Shares to the Proponent Shareholders ("Proponent Offer") 4. One (1) free New Option for every one (1) Share held by Eligible Shareholders ("Bonus Offer") 5. 15,000,000 free New Options to the Directors ("Director Offer")22/02/2013
all resolutions considered at the meeting were passed 03/10/2012
we understand that on or about this date the company consolidated its shares 1 for 20003/10/2012
a shareholders meeting to consider a recapitalisation proposal is to be held on 1 Oct 201203/09/2012
ASIC grants relief from financial reporting requirements19/01/2012
a deed of company arrangement proposed by Trident Capital is favoured by the administrators and creditors will vote on it at a meeting on 16 December 201109/12/2011
the administrator is relying on an ASIC class order so that the financial accounts for 2011 don't need to be completed until 17/1/201228/09/2011
the securities of First Growth Funds Limited (the "Company") will be suspended from quotation immediately, no reason given18/07/2011
name changed from M2M Corporation Limited05/04/2011

ASX Announcements (courtesy of ASX)

 

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When will the Propectus be issued for the proposed Capital; raiding?09/07/2014 15:44:49
When is re-listing of this company to become a reality? The directors seem to be delaying indefinetly. When is ASIC going to force their hand?
20/06/2013 11:56:55
What's our chances of being likely to write this dog off before end of financial year????07/05/2013 09:39:09
Supposedly FGF following the approval by shareholders of the rip-off restructure, which basically stole the company from shareholders, is to re-list. When can we expect that to happen or is it more ASIC supported BS?
13/11/2012 13:40:24
i have never seen this company make any money or pay a return, all they do is raise money to pay their own fees.
If you checck the directors and management names they appear in lots of companies who do the same thing, I have reported to ASIC and they do nothing, bit of a protected species i feel.
24/10/2012 09:40:00
Does anyone have any current information?
01/05/2012 13:15:42
As a ahsreholder I have had absoutely no communications from either the administarro or directors. What gives?
26/04/2012 11:13:46

Company Updates

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    14/02/2018Geoff Barnes-16,700,000 $0.023$385,853
    14/02/2018Geoff Barnes28,000,000 $0.043$1,210,353
    08/02/2018Geoff Barnes-2,850,000 $0.021$61,060
    02/02/2018Geoff Barnes-1,199,999 $0.027$32,866
    07/07/2017Geoff Barnes2,306,849 $0.004$9,667

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    David GlavonjicChairman, Independent Director30/11/2006
    Geoff BarnesChairman16/05/2014
    Peter SaundersCEO01/04/2009
    Peter MullinsNon Exec Director04/01/2011
    Anoosh ManzooriExecutive Director14/12/2017
    Michael ClarkeDirector20/05/2014

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Warren StaudeDirector16/09/201320/05/2014

    Date of first appointment, title may have changed.