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FREEDOM FOODS GROUP LIMITED(FNP)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of FNP: rating 1
(1 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Link Market Services, Rhodes Corporate Park, 1A Homebush Bay Drive, Rhodes NSW 2138

Tel : +61 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000FNP3
Address: 80 Box Road, TAREN POINT, NSW, AUSTRALIA, 2229
Tel:  (02) 9526 2555 Fax: (02) 9525 5406

Date first listed: 07/11/1985
Company Secretary: Justin Coss
Sector: Food Beverage & Tobacco Industry Group: 
Activities: Sale of long life beverages, canned seafood, healthy snackfoods and healthy cereals

News & Events

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OFX Transferring Money Internationally to Free

ASIC granted the company an extension of the date by which it must lodge the reports required to be prepared for the financial year ended 30 June 2020 under Division 1 of Part 2M.3 of the Corporations Act to 30 November 2020.

30/10/2020

The voluntary suspension of the Company's shares from trading will be extended to 30 November 2020 to provide the Company further time to finalise its recapitalisation plan.

20/10/2020

The company's AGM will be held on 30 November 2020 commencing at 11am. The AGM will be held virtually, with full details to be included in the Notice of AGM to be released to the ASX and sent to shareholders in October 2020.

01/10/2020

The company has instituted proceedings in the Federal Court of Australia against Blue Diamond Growers. Blue Diamond and Freedom Foods Pty Ltd are party to a licence agreement in respect of Blue Diamond Almond Breeze products. The Federal Court proceedings seek, among other orders, declaratory orders in relation to the Licence Agreement. Blue Diamond has also instituted arbitral proceedings with the American Arbitration Association against FFPL. Blue Diamond seeks orders restraining FFPL (and any entity acting on behalf of or in concert with FFPL) from: manufacturing or selling nut-based beverage products in Australia or New Zealand that are not Blue Diamond products, organic or Private Label, including MILKLAB and Australia's Own brand nut-based beverage products; and purchasing non-organic almond base from sources other than Blue Diamond for the manufacture of non-organic, non-Private Label nut-based beverage products for sale in Australia and New Zealand. FFPL refutes the Blue Diamond Claim and its entitlement to the orders sought. Blue Diamond has also commenced judicial proceedings against FFPL in the United States District Court, Eastern District California for breach of an alleged oral agreement. FNP is confident in its position and intends to vigorously pursue the Freedom Foods Claim and to defend the Blue Diamond Claim and related court proceedings.

30/09/2020

The company has secured the ongoing support of its principal lenders and majority shareholder, ensuring access to financial facilities while the company undertakes a planned recapitalisation. Freedom Foods Group has agreed a Standstill Deed with its two main lenders, HSBC and National Australia Bank regarding financing facilities with those lenders. The standstill is effective until 30 November 2020 and is subject to the company meeting certain milestones relating to the progression of the recapitalisation plan. Freedom Foods shares will remain in voluntary suspension until 30 October 2020 at the company's request.

11/09/2020

The company issues a Response to ASX Appendix 3Y Query.

10/07/2020

The company will be extending its voluntary suspension until close of trading on 30 October 2020. The Board of Freedom Foods Group is of the view that investors require comprehensive and up to date information as to the impact of the historical issues identified and the financial position and outlook of the company, and that trading in the securities of the company should not recommence until more clarity can be provided. The company has also eceived a waiver from its financiers in relation to its financial covenant obligations at 30 June 2020.

08/07/2020

The company releases an updated Appendix 2A to correct a typographical error to reflect that the total number of quoted FNP ordinary shares on issue is 277,109,319.

02/07/2020

The company releases a transcript of the telephone briefing provided by Mr Perry Gunner, Executive Chair of Freedom Foods Group, on 25 June 2020 commencing at 5pm.

26/06/2020

The securities of Freedom Foods Group Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of FNP, pending the release of an announcement regarding the outcome of further investigations in relation to its financial position.

25/06/2020

name changed from Freedom Nutritional Products Limited

13/12/2010

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    04/06/2020Michael Perich230,000$3.449$793,316
    04/06/2020Tony Perich230,000$3.449$793,316
    04/06/2020Ron Perich230,000$3.449$793,316
    03/06/2020Ron Perich818,000$3.687$3,015,946
    03/06/2020Tony Perich818,000$3.687$3,015,946

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Perry GunnerNon Exec Chairman30/04/2003
    Michael PerichCEO26/03/2009
    Stephanie GrahamCFO24/06/2020
    Josee LemoineCFO16/12/2020
    Genevieve GregorIndependent Director02/03/2020
    Jane McKellarIndependent Director12/04/2020
    Trevor AllenIndependent Director01/07/2013
    Ron PerichNon Exec Director20/04/2005
    Tony PerichNon Exec Director28/07/2006
    Timothy BryanAlternate Director04/12/2019
    Brendan RadfordExecutive24/06/2020

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Rory MacLeodManaging Director07/05/200829/06/2020
    Campbell NicholasCFO01/09/201623/06/2020
    Melvyn MilesNon Exec Director30/11/200614/08/2015
    Geoffrey BabidgeNon Exec Director30/01/200228/06/2013

    Date of first appointment, title may have changed.