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5G NETWORKS LIMITED (5GN)

Listed on ASX

SHARE PRICES

(updated at weekends)

Former (or subsequent) names

 

Shareholder links

Our website ranking of 5GN: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services,Level 21, 10 Eagle Street Brisbane QLD 4000

Tel : +61 7 3320 2200 or 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000005GN9
Address: Level 8, 99 William Street, Melbourne VIC 3000
Tel:  1300 546 389 Fax: 1300 001 305

Date first listed: 17/11/2017
Company Secretary: Glen Dymond, Michael Wilton
Sector: Telecommunication Services Industry Group: 
Activities: Network rollout and ICT services

The suspension of trading in the securities of 5G Networks Limited will be lifted immediately, following the release by 5GN of an announcement regarding the outcome of its application to the Federal Court of Australia relating to secondary sales in its securities and release of a copy of the Court orders.

10/05/2019

The Federal Court of Australia this morning made the orders referred to in the Company's announcement of 9 May 2019. The court orders that it is declared that any offer for sale or sale of the quoted securities being 10,000,000 shares in the plaintiff during the period after the date of their issue on 12 April 2019 until 8 May 2019 is not invalid; any sellers of securities referred to above are relieved from any civil liability arising out of a contravention of s 707(3) and s 727(1) of the Corporations Act; a sealed copy of these orders is to be served to ASIC and ASX as soon as reasonably practicable and upon service of these orders on ASIC, ASIC is to include these orders on its database; a sealed copy of these orders is to be given to each person to whom the securities referred to previously were issued; the plaintiff is to publish an announcement to the ASX in which a copy of these orders is included and place a copy of these orders on its own website to remain there for at least 28 days; the plaintiff makes a request forthwith of the ASX for the class of securities 5GN be reinstated; for a period of 28 days from the date of reinstatement by the ASX of the class of securities "5GN" and the publication of these orders on the ASX website, any person who claims to have suffered substantial injustice or is likely to suffer substantial injustice by the making of any or all of these orders has liberty to apply to vary or discharge them within that period; no orders as to costs.

10/05/2019

The securities of 5G Networks Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of 5GN, pending the release of an announcement and a copy of appropriate Court orders regarding its application to the Federal Court of Australia seeking declaratory relief and ancillary orders relating to prior trading in its securities.

10/05/2019

The suspension of trading in the securities of 5G Networks Limited will be lifted immediately, following the release by the Company of an announcement regarding an acquisition.

06/08/2018

The company adds $43m of revenue via the acquisition of Inabox's direct businesses. The purchase price of $5.7m represents a 2x EBITDA multiple once immediate synergies are recognised. A number of synergies and cross sell opportunities have been identified across the group. 5GN network rollout across Australia is expected to be fast tracked. The acquisition will be fully funded from existing cash flows and will be cash flow positive.

06/08/2018

Following a scheduled ASX internal system change affecting the Market Announcements Platform, it has been necessary to re-apply the "˜Suspend' session state. This announcement serves to re-confirm the securities of this entity remain suspended.

06/08/2018

The securities of 5G Networks Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of the Company, pending the release of an announcement regarding a corporate transaction.

03/08/2018

listed entity carried for record purposes only

17/11/2017

ASX Announcements (courtesy of ASX)

 

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    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    10/09/2020Joseph Demase-2,777,778$1.800$5,000,000
    19/11/2018Joseph Demase20,518$0.420$8,607

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Albert CheokChairman, Independent Director17/11/2017
    Joseph DemaseManaging Director17/11/2017
    Glen DymondCFO05/07/2019
    Joe GangiIndependent Director17/11/2017
    Jason AshtonNon Exec Director09/10/2019

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Geoffrey NicholasCFO17/11/201705/07/2019

    Date of first appointment, title may have changed.