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FIRST GROWTH FUNDS LIMITED (ASX.FGF)

ASX Announcements (courtesy of ASX)

201120122013201420152016201720182019

ASX, Legal & CGT Status

SHARE PRICES

(updated at weekends)
Former (or subsequent) names
CompanyFROMTO
FIRST GROWTH FUNDS LIMITED05/04/2011
M2M CORPORATION LIMITED07/02/200005/04/2011
GREENCHIP INVESTMENTS LIMITED29/08/199107/02/2000
SECOND BOARD PACIFIC LIMITED29/08/1991
Shareholder links
Our website ranking of FGF: rating 3
(3 out of 5)
COMPANY WEBSITE:

 

REGISTRY:
Computershare Melbourne
Yarra Falls, 452 Johnston Street, Abbotsford VIC 3067
Tel : +61 (0)3 9415 4000 or 1300 850 505 (within Australia)
Fax : +61 3 9473 2500
RegistryWebsite RegistryEmail

Company details
ISIN: AU000000FGF8
Address: Level 14 440 Collins Street Melbourne, Victoria 3000
Tel:  +61 3 9820 6400 Fax: +61 3 9820 6499

Date first listed: 19/12/1986

Sector: N/A
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.

Shareholders in this company should consider crystallising a capital loss in 2024/25 by selling their shares. This process is now much easier and quicker. It can be achieved online by entering transaction details here. While, this usually makes good economic sense we recommend you seek professional advice before buying or selling securities, your accountant is probably the best person.

10/07/2024

delisted from the close of trading on Wednesday, 4 December 2019, pursuant to Listing rule 17.11.

04/12/2019

we understand this company failed and was unable to regain quotation on ASX - its shares have recently been consolidated whereby shareholders received one share for every twenty they held previously - the company says it intends to apply for listing on the Canadian Stock Exchange

04/12/2019

The final number of issued securities after the 1 for 20 share consolidation approved by shareholders will be: FGF Fully Paid Ordinary Shares 77,798,218; FGAA Options expiring 13 March 14,612,907.

03/12/2019

we understand that on or about this date the company consolidated its shares 1 for 20

03/12/2019

The company provides an update on the consolidation of its securities. The reason for the update is to correct the share consolidation timetable.

02/12/2019

Removal from official list of the ASX is scheduled to occur 4 December 2019, and post removal, pursuant to its obligations under Section 675 of the Corporations Act 2001, shareholders and other interested parties will be kept informed of company developments, by way of: lodgement of relevant notices with ASIC, and communications via the registry and the company website.

28/11/2019

The company provides an update on the consolidation of its securities. Item number 5.1 shows the number of Ordinary Fully Paid Shares (ASX:FGF) on issue before reorganisation as 1,510,959,281. This should read 1,555,959,281. The difference is due to a clerical error in the last Appendix 3B lodged 28 August 2018.

27/11/2019

The company releases the results of its Annual General Meeting.

27/11/2019

The company provides an update on the consolidation of its securities. Item number 5.1 shows the number of Ordinary Fully Paid Shares on issue before reorganisation as 1,510,959,281. This should read 1,555,959,281. The difference is due to a clerical error in the last Appendix 3B lodged 28 August 2018.

26/11/2019

The company lodges its 2019 Annual Report (Amended).

20/11/2019

The company lodges its Appendix 4C - quarterly.

30/10/2019

The company's AGM will be held at 10:30 am on 27 November 2019 at Level 18, 600 Bourke Street Melbourne, Victoria 3000.

25/10/2019

The company has submitted a formal request to the Australian Securities Exchange for the removal of FGF from the official list with an intention to list on the Canadian Stock Exchange. The FGF Board has further resolved to obtain shareholder approval for its removal from the official list given that additional shareholder resolutions are required in order to meet CSE requirements. These resolutions will be presented at the annual general meeting of the shareholders to be held in November 2019.

14/10/2019

The company releases its Appendix 4G and Corporate Governance Statement.

02/10/2019

The company lodges its FGF Annual Financial Report 2019.

02/10/2019

Following negotiations with the other parties, DigitalX has on 4 September 2019 entered into a deed of termination and settlement with First Growth Funds Limited in relation to Futuredge Capital. The company has on 4 September 2019 agreed with its joint venture partner to bring to a close the Coincast Media joint venture. The company has also restructured its two active business units to represent the two business divisions that the company will be pursuing moving forward: Blockchain Consulting and Development; and Funds Management. The company has assessed and continues to assess its key executives and their respective roles to ensure that they are working in the areas best suited to their skills. Non-Executive Directors have agreed to a reduction in fees.

05/09/2019

The company lodges its Preliminary Final Report.

30/08/2019

The company lodges its Quarterly Activities and Cashflow Report.

31/07/2019

No milestone shares have been issued to date. Blockchain Global have signed a letter to waive its rights in respect of the issue of the Milestone Shares. As such, FGF will not issue any of the milestone shares set out above to Blockchain Global Limited (or its nominee) regardless of whether the milestones are met in the future.

11/07/2019

The company is currently implementing a restructure of its cryptocurrency investments along with changes to its advisory business, First Growth Advisory. Acudeen has provided written notice to the Company to transfer back their unsold ACU tokens. FGF will comply with this notice and arrange for the transfer of all of its unsold ACU tokens to Acudeen. FGF has also provided written notice of its intentions to also terminate the agreement. The company has provided written notice to Blockshine Japan Corporation to terminate the Alliance Agreement. Blockchain Global and HCash Tech have mutually terminated the MOU between them.

08/07/2019

The company issues a response to ASX query letter.

05/07/2019

Given the evolving regulatory framework and market conditions, First Growth Funds Limited has given notice to YPB Group Limited and with mutual agreement have terminated the token facilitation agreement.

26/06/2019

SQID Technologies has appointed investment banks in the US and Canada to assist the SQID with an IPO on the Canadian Securities Exchange and also create a pathway for a possible listing on NASDAQ in the future. An IPO is expected by mid-October 2019. SQID expects to process over $150M in transactions by 30 June 2019. SQID is a highly profitable business, and it intends to use its listing in Canada as launchpad into North America.

21/06/2019

The company has received ASX determination in response to the Chapter 11 request. ASX has concluded that there has been a significant change in the nature of FGF's activities in terms of Listing Rule 11.1. ASX has formed the view that FGF's main undertaking has become investments in, and providing advisory services to, entities engaged in ICOs and pre-ICOs, cryptocurrency, and blockchain-related technologies, and that this constitutes a significant change in the character of FGF's main undertaking from investing in different assets and classes'. ASX has further concluded that: as further concluded that: FGF has breached an investment limit previously set out to ASX, namely that it invest no more than 12% of its assets in equity investments in unlisted entities which are involved in, developing or utilising blockchain technologies; FGF has invested in other blockchain and digital currency assets via some of its investments in listed equities; FGF has provided advisory services to entities engaged in ICOs and pre-ICOs, cryptocurrency, and blockchain-related technologies. ) ASX has therefore determined that FGF will be required under Listing Rule 11.1.2 to seek security holder approval for the significant change in the nature of FGF's activities. ASX has reserved its decision as to whether it will exercise its discretion under Listing Rule 11.1.3 to require FGF to re-comply with all of the requirements of chapters 1 and 2 of the Listing Rules. The company will now be taking steps to convene the requisite meeting in order to seek shareholder approval. Following the Chapter 11 determination made by ASX, the Company's securities will remain suspended until: it obtains security holder approval for the significant change to the nature of FGF's activities; and if ASX ultimately exercises its discretion under Listing Rule 11.1.3 to require re-compliance with the admission and quotation requirements in Chapters 1 and 2 of the Listing Rules, FGF has re-complied with those requirements.

21/06/2019

FGF has invested $218,000 in Helbiz including a 10% convertible note maturing December 31, 2020 and a matching one for one warrant to purchase shares of equity securities of Helbiz, Inc. The note will be either paid back on maturity or automatically converted at a 30%Q discount to the price per share at which equity securities are sold in an IPO. The warrants will be priced at a 30% discount to the price per share at which equity securities are sold in an IPO. FGF also announces a further investment in Globex of $218,000 on an equity basis, following the successful acceleration in global commercialisation of their products and solutions.

17/06/2019

The sale of LINCD HQ has been completed to Harris Technology. The following HT8 securities were issued to First Growth Funds Limited: 30 million fully paid ordinary shares; 20,055,334 options to acquire HT8 shares on payment of the conversion price of 2.5 cents per share subject to meeting the performance conditions approved by shareholders at the General Meeting on 3 May 2019; and 20,000,000 options to acquire HT8 shares on payment of the conversion price of 3.5 cents per share subject to meeting the performance conditions approved by shareholders at the General Meeting on 3 May 2019.

24/05/2019

YPB issues a response to ASX query.

08/05/2019

HT8 issues a response to ASX queries.

01/05/2019

The company lodges its Quarterly Activities and Cashflow Report.

30/04/2019

YPB issues a response to ASX query.

12/04/2019

The company issues a response to ASX Query Letter.

10/04/2019

Following consultation with the ASX, the Company advises that it retracts the following statement in this announcement; "YPB has received ASX approval to issue a digital currency token". As a consequence of the retraction, the Company advises that the statement should be disregarded and that, accordingly, investors should not rely on the Announcement for their investment decisions.

08/04/2019

The securities of First Growth Funds Limited will be suspended from quotation immediately under Listing Rule 17.3, pending enquiries from ASX.

04/04/2019

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 December

09/12/2014

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 2014

22/10/2014

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 $1,500,000

25/09/2014

issues a prospectus for 300,000,000 Shares at an issue price of $0.01 per Share to raise up to $3,000,000

16/09/2014

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 hands

30/07/2014

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% placement

15/05/2014

provides an update on a recapitalisation proposal

01/05/2014

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 securities

21/10/2013

details of further amendments to the recapitalisation proposal are released

19/09/2013

details of an amended recapitalisation proposal are released

20/08/2013

releases a timetable for completion of the Bonus Offer of free attaching options to eligible shareholders pursuant to its prospectus dated 21 February 2013

04/03/2013

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 200

03/10/2012

a shareholders meeting to consider a recapitalisation proposal is to be held on 1 Oct 2012

03/09/2012

ASIC grants relief from financial reporting requirements

19/01/2012

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 2011

09/12/2011

the administrator is relying on an ASIC class order so that the financial accounts for 2011 don't need to be completed until 17/1/2012

28/09/2011

the securities of First Growth Funds Limited (the "Company") will be suspended from quotation immediately, no reason given

18/07/2011

name changed from M2M Corporation Limited

05/04/2011
View ASX Announcements (courtesy of ASX)

 

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Loading comments....  Most recent comments
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

    DATEDIRECTORNATURENUMBERPRICEAMOUNT
    14/02/2018Geoff Barnes28,000,000$0.043$1,210,353
    14/02/2018Geoff Barnes16,700,000$0.023$385,853
    08/02/2018Geoff Barnes2,850,000$0.021$61,060
    02/02/2018Geoff Barnes1,199,999$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
    Anoosh ManzooriExecutive Chairman, CEO14/12/2017
    Peter SaundersCEO01/04/2009
    Robert KleineCFO, Company Secretary09/10/2019
    Peter MullinsNon Exec Director04/01/2011
    Geoff BarnesNon Exec Director16/05/2014
    Michael ClarkeDirector20/05/2014
    Mark PrynCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Daniel ZhangNon Exec Director14/03/201808/07/2019
    Warren StaudeDirector16/09/201320/05/2014

    Date of first appointment, title may have changed.