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ASX Announcements (courtesy of ASX)


ASX, Legal & CGT Status


(updated at weekends)
Former (or subsequent) names
RHYPE LIMITED09/04/201409/12/2014
FRR CORPORATION LIMITED13/04/201209/04/2014
Shareholder links


Link Market Services Melbourne
Tower 4, 727 Collins Street Docklands VIC 3008
Tel : +61 3 9615 9800 or 61 1300 554 474
Fax : +61 2 9287 0303
RegistryWebsite RegistryEmail

Company details
Address: Suite 6, 245 Churchill Avenue, Subiaco WA 6008
Tel:  +61 8 9217 3300 Fax: +61 8 9388 3006

Date first listed: 17/03/2005

Sector: Capital Goods
Industry Group: XNJ
Activities: Designer, supplier and installer of refrigerated cabinets to the supermarket chains and the provision of a range of maintenance services for supermarket refrigeration systems

many shareholders in this company have unclaimed money due to them - deListed provides a tracing service for a small administration fee that identifies where people can find unclaimed monies arising from compulsory acquisitions and also from dividend distributions, super contributions, inoperative bank, building society or credit union accounts, bequests and other sources - please click here for access to our Lost shares, Lost money?? service


name changed to FRR Corporation Limited


The Directors of Frigrite Limited (ASX Code: FRR) ("the Company") advises that ASX has agreed to grant the Company a waiver from ASX Listing Rule 14.7 to the extent necessary to enable Frigrite to issue fully paid ordinary shares and unlisted options to the Directors of the Company more than 1 month after shareholders approved the issue of shares and options at the extraordinary general meeting held on 10 February 2012.


Directors and management are currently working towards implementation of the resolutions passed by shareholders on 10 February 2012 including restructure and recapitalisation of the company and liaising with the ASX in relation to reinstatement of FRR" securities for trading on the ASX


the Frigrite Limited Creditor" Trust has been established. The Company confirms that it has discharged its secured creditors in satisfaction of the Frigrite Deed of Company Arrangement. The Frigrite Deed of Company Arrangement has now been fully effectuated and has therefore now been terminated.


the issued capital of the Company has been consolidated on the basis that every six (6) Shares have been consolidated into one (1) Share; and every six (6) Options has been consolidated into one (1) Option with an exercise price of $1.20


all 16 Resolutions for the Restructure and Recapitalisation of the Company (incliding a 1 for 6 share consolidation) outlined in the Notice of Extraordinary General Meeting were passed by a show of hands at the Extraordinary General Meeting held at History House, 133 Macquarie Street in Sydney today


the Extraordinary General Meeting of Shareholders of Frigrite Limited (ACN 112 452 436) (subject to Deed of Company Arrangement) (the Company) will be held at 11:00am (AEDT) on 10 February 2012 at History House, 133 Macquarie Street, Sydney NSW 2000 (the Meeting) - this to consider the restructure and recapitalisation of the Company incliding a 1 for 6 share consolidation


company executes a deed of company arrangement - effectuation is expected by 31 December 2011


administrators appointed


Frigrite Limited is not able to complete or lodge its Appendix 4D and Consolidated Interim Financial Statements for the half year ended 31 December 2011. Discussions are currently taking place with the Company's external advisors and ASIC as regards whether the Company can lodge stand alone Interim Financial Statements or whether the Company will be able to rely on Class Order 03/329 for relief from its financial reporting obligations or will need to make an application to ASIC for relief to defer its financial reporting obligations


it is beyond comprehension that a relatively small company can get itself into a situation of being owed $19m by an operating subsidiary that can't pay any of its unsecured creditors and has to be liquidated


at a meeting of creditors of its two two operating subsidiaries, Frigrite Refrigeration Pty Ltd and Frigrite Refrigeration (QLD) Pty Ltd, Frigrite Limited was represented in its capacity as an unsecured creditor of Frigrite Refrigeration Pty Ltd in the amount of $18,901,280 - Creditors of Frigrite Refrigeration Pty Ltd resolved to appoint John Richard Park and Craig Peter Shepard of KordaMentha as liquidators to wind up the entity - Directors of Frigrite Limited have now formed the view that Frigrite Limited is unlikely to recover the investment in and balance of unsecured monies owed to it by the subsidiary - The Company has also commenced discussions with interested parties in relation to a possible recapitalisation and/or restructure


Frigrite Refrigeration (QLD) Pty Limited today appointed Craig Peter Shepard and John Richard Park of Korda Mentha to be Administrators of the Company. Frigrite Refrigeration Pty Limited and Frigrite Refrigeration (QLD) Pty Limited are the two operating subsidiaries through which Frigrite Limited operates its refrigeration and airconditioning business


the forecast result (based on unaudited monthly management accounts) for the half year ended 31 December 2010 is a negative EBIT, before non-recurring items, in the range of $2.5 million to $3.0 million and a loss before tax and non-recurring items (eg. redundancies and goodwill impairment) in the range of $3.5 million to $3.7 million - given the anticipated loss before tax and non-recurring items, as well as the net losses incurred in the previous two financial years, the outlook for FRR's business is materially uncertain. Accordingly, FRR has initiated negotiations with: • its principal customers; • a number of parties proposing to participate in a significant recapitalisation and/or substantial asset sales by FRR. These negotiations are complex and interdependent, and there are significant issues still to be resolved and essential terms yet to be agreed


the securities of Frigrite Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company


the ordinary securities (FRR) of Frigrite Limited are reinstated to quotation immediately,


the securities of Frigrite Limited (the "Company") will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement by the Company

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    Directors' on-market share transactions (last 5)


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    Directors & Executives (current)
    David HoffChairman, Non Exec Director23/07/2008
    Peter VidlerNon Exec Director20/09/2010
    Jury WowkNon Exec Director, Company Secretary22/09/2010

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    Date of first appointment, title may have changed.