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THE GO2 PEOPLE LTD(GO2)

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

Former (or subsequent) names

 

Shareholder links

Our website ranking of GO2: rating 5
(5 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Computershare Investor Services, Level 11 172 St Georges Terrace Perth WA 6000

Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 7 3229 9860
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000GO22
Address: Level 2, 182 St George’s Terrace, Perth 6000
Tel:  (08) 6151 9200 Fax: 

Date first listed: 31/10/2017
Company Secretary: Peter Torre, Suzie Foreman
Sector: Commercial & Professional Services Industry Group: 
Activities: Labour hire provider

News & Events

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The suspension of trading in the securities of The GO2 People Ltd will be lifted immediately following the release by GO2 of an announcement regarding a proposed acquisition and capital raising.

09/09/2019

The company has received a notice of termination of the share sale agreement from the vendor of Industry Pathways and provides an update on the reinstatement to trading of the company's shares on the ASX and outlook for the company.

09/09/2019

GO2 has executed an Indicative Non-Binding Heads of Agreement for a debt facility of up to $2m for the purposes of financing the IPW acquisition, resulting in less equity dilution as part of the current capital raising. A combination of the debt facility and anticipated commitments received as part of the equity capital raising, are expected to be sufficient to finance the purchase of IPW. A new capital raise minimum of $1.3 million in equity has been set as a result of the debt facility offer. A supplementary prospectus has been released via the ASX detailing new changes to the offer. ï‚· A new offer closing date has been set for August 28th, 2019 on the back of new information released to the market. Following capital raising close and issue of new shares, GO2 will resume trading on the ASX. Successful integration of IPW with GO2 and profitability on the core GO2 business is Management's priority.

19/08/2019

The company releases an pdated IPW transaction presentation.

19/08/2019

The company issues a supplementary prospectus which supports the 10 July 2019 prospectus.

19/08/2019

The company releases the results of its meeting.

09/08/2019

The company lodges an Appendix 4C - quarterly.

01/08/2019

The company issues a prospectus which contains: an offer of up to 53,333,334 Shares in the capital of the Company at an issue price of $0.075 per Share, together with one (1) free attaching New Option for every one (1) Share subscribed for and issued, to raise up to $4,000,000; an offer of up to 4,000,000 Broker Options to the Lead Manager of the Capital Raising; and an offer of up to 13,333 Shares at an issue price of $0.075 per Share to raise up to $1,000. The Capital Raise Offer and the Broker Options Offer are subject to Shareholder approval which will be sought at the general meeting to be held on 9 August 2019.

10/07/2019

The company releases a Managing Director Letter July 2019. The highlights of the letter are as follows: voluntary suspension to end as soon as practicable after completion of capital raising; new corporate advisors, Vested Equities and Bletchley Park Capital appointed. New capital raising structure "“ raising a minimum of $2.7m and maximum of $4.0m at 7.5cps with a free attached 1:1 call option at 10cps with 12 months expiry. Restructure of GO2 "“ Company reaffirms expectation of first EBITDA positive month in July 2019. Acquisition of IPW "“ Company remains committed to the acquisition, will target synergies including significant cross-sell potential. The IPW acquisition will further evolve the GO2 business as a national, vertically integrated labour hire and training business.

08/07/2019

The company requests a continuation of the suspension of trading of its securities. The suspension is expected to cease upon the company releasing an announcement followingn the general meeting and closing date of the offer. It is expected that the company will recommence trading on the ASX on the 14th of August 2019.

04/07/2019

The company releases its Capital Raise Investor Presentation July 2019.

03/07/2019

The company releases the general meeting proxy form.

03/07/2019

The company releases a notice of general meeting. The meeting will be held at 9.00 AM on 9 August 2019 at 9 August 2019.

03/07/2019

Satisfaction of conditions precedent to IPW acquisition ongoing. Vested Equities appointed as new Lead Manager to complete capital raise. Restructure of GO2 existing operations to focus on delivery of sustainable earnings, and board changes.

06/06/2019

The company requests the continuation of the suspension of trading of its securities. The suspension will cease upon the company releasing an announcement on the satisfaction of the material conditions precedent in relation to the acquisition of Industry Pathways or the commencement of trading on 12 June 2019, whichever is earlier.

28/05/2019

The company requests a continuation of the suspension of its securities since it requires additional time to satisfy the conditions precedent in relation to the acquisition of Industry Pathways Pty Ltd as set out in the company's release dated 23rd April 2019. The suspension is expected to end upon the release of an announcement or the commencement of trading on 28 May 2019, whichever is earlier.

14/05/2019

The company lodges an Appendix 4C - quarterly.

01/05/2019

It is expected that the suspension will cease upon the Company receiving firm commitments for the capital raising and releasing an announcement on completion of the capital raising. The Company requests the suspension to end at the commencement of trading on Monday 13 May 2019 or when the announcement is made, whichever is the earlier.

30/04/2019

The GO2 People Ltd has entered into a Share Purchase Agreement to acquire Industry Pathways. IPW is a fast-growing nationally Registered Training Organisation offering feefor-training services. The proposed acquisition is based on a favourable multiple and is significantly EBITDA accretive. Up-front consideration includes a 50/50 split of cash and GO2 shares with further share-based payments to the vendor over 3 years based on achievement of EBITDA targets. IPW is a highly-synergistic business which complements GO2's service offering and increases overall Group capability. Acquisition provides multiple cross selling and vertical integration opportunities. Acquisition is subject to completion of a capital raise of up a minimum of $2.7 million and a maximum of $4 million via a placement to sophisticated investors (subject to shareholder approval).

23/04/2019

The Company requires additional time to finalise the capital raising and potential acquisition. It is expected that the suspension will cease upon the Company receiving firm commitments for the capital raising and releasing an announcement on completion of the capital raising and potential acquisition. The Company requests the suspension to end at the commencement of trading on Tuesday 30 April 2018 or when the announcement is made, whichever is the earlier.

17/04/2019

The securities of The Go2 People Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of GO2, pending the release of an announcement regarding an acquisition and capital raising

10/04/2019

listed entity carried for record purposes only

31/10/2017
OFX Transferring Money Internationally to Free

 

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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
    03/06/2021Darren Cooper500,000$0.038$19,000
    04/09/2020Darren Cooper500,000$0.044$21,991
    06/09/2018Darren Cooper100,000$0.096$9,600
    14/06/2018Billy Ferreira60,000$0.100$6,000
    01/06/2018Peter McMorrow23,500$0.105$2,468

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Darren CooperChairman30/07/2017
    Shawn MurphyCEO01/10/2021
    Danny WarrenCFO01/06/2021
    Corinne FranklinCFO04/10/2021

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Billy FerreiraCEO31/10/201730/09/2021
    Paul GoldfinchExecutive Director14/10/201931/08/2021
    Andries DiqueIndependent Director04/04/201830/11/2019
    Peter McMorrowIndependent Director08/03/201806/06/2019
    Doug GrewarNon Exec Director31/10/201708/03/2018

    Date of first appointment, title may have changed.