Announcement • Nov 23
The GO2 People Limited has completed a Follow-on Equity Offering in the amount of AUD 0.181896 million. The GO2 People Limited has completed a Follow-on Equity Offering in the amount of AUD 0.181896 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,948,124
Price\Range: AUD 0.002
Transaction Features: Subsequent Direct Listing Announcement • Nov 22
The Go2 People Limited Announces Board Changes The Go2 People Ltd. wishes to notify that Ms Suzie Foreman has resigned from her role as Company Secretary. The Board would like to thank Ms Foreman for her work and expertise put forward to help the company in the difficult time it has been through recently. The Board has appointed Mr. Tomasz Murmylo, a current Director and major Shareholder, as the Company Secretary. Mr. Murmylo operates Business Tax & Money House, a boutique accounting, corporate and tax advisory practice. Announcement • Nov 18
The GO2 People Limited has filed a Follow-on Equity Offering in the amount of AUD 0.18 million. The GO2 People Limited has filed a Follow-on Equity Offering in the amount of AUD 0.18 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 90,000,000
Price\Range: AUD 0.002
Transaction Features: Subsequent Direct Listing Announcement • Nov 09
The GO2 People Limited Approves Board Appointments The GO2 People Limited at its General Meeting of Shareholders held on November 9, 2023 approved the appointment of Miss Dorota Bondaruk, Mr. Vasilios (Bill) Argyros and Mr. Thomas Murmylo as Director. Announcement • Oct 11
The GO2 People Limited, Annual General Meeting, Nov 09, 2023 The GO2 People Limited, Annual General Meeting, Nov 09, 2023, at 10:01 E. Australia Standard Time. Location: Level 2, 350 Kent Street Sydney Nsw 2000 New South Wales Australia Announcement • Jun 16
The GO2 People Limited Announces Resignation of Shawn Murphy as CEO IntoWork advised the Administrators that it will assume the role of CEO of The GO2 People Ltd. within IntoWork's existing executive team. Accordingly, Mr. Shawn Murphy will cease as CEO of The GO2 People Ltd. from June 15, 2023 and will exit the business. Reported Earnings • Mar 01
First half 2023 earnings released: AU$0.005 loss per share (vs AU$0.007 loss in 1H 2022) First half 2023 results: AU$0.005 loss per share (improved from AU$0.007 loss in 1H 2022). Revenue: AU$43.0m (up 20% from 1H 2022). Net loss: AU$2.23m (loss narrowed 19% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Dec 16
The GO2 People Limited has completed a Follow-on Equity Offering in the amount of AUD 3.253106 million. The GO2 People Limited has completed a Follow-on Equity Offering in the amount of AUD 3.253106 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 261,092,169
Price\Range: AUD 0.012
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 10,000,000
Price\Range: AUD 0.012
Discount Per Security: AUD 0
Transaction Features: Rights Offering Announcement • Oct 10
The GO2 People Limited, Annual General Meeting, Nov 29, 2022 The GO2 People Limited, Annual General Meeting, Nov 29, 2022. Agenda: To consider election of Directors. Reported Earnings • Sep 01
Full year 2022 earnings released: AU$0.014 loss per share (vs AU$0.016 loss in FY 2021) Full year 2022 results: AU$0.014 loss per share. Revenue: AU$73.7m (up 148% from FY 2021). Net loss: AU$5.45m (loss widened 103% from FY 2021). Buying Opportunity • Aug 31
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be AU$0.016, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 103% over the last year. Earnings per share has declined by 490%. Announcement • Jul 28
The GO2 People Ltd Announces Management Changes The GO2 People Ltd. advised that Mrs. Sophie Ray and Mrs. Susan Hansen have submitted their resignations as Non-Executive Directors, effective immediately. The Board wishes to thank them for their service. Mr. Shawn Murphy, CEO of GO2, will assume the position of Managing Director with immediate effect. Shawn has been the Chief Executive Officer of Skill Hire since August 2020 and subsequently GO2, following the entity's acquisition in 2021. Shawn has worked in successful start-up and scale-up companies across the health, medical and human resources sectors. Shawn has held Executive Roles for companies such as Sonic Healthcare, Covermore Insurance and Tecside Group in both Perth and Sydney. John Manning will assume the role of the Audit and Risk Committee Chair and Darren Cooper has been appointed as Chair of the Remuneration and Nomination Committee. Announcement • May 23
The GO2 People Limited Announces Resignation of Tony Fitzpatrick as Non-Executive Director The GO2 People Ltd. advised that Mr. Tony Fitzpatrick has submitted his resignation as Non-Executive Director, effective immediately. Mr. Fitzpatrick, originally one of the three founders of Skill Hire in 1996, transitioned to the Board of The GO2 People Limited on 31 May 2021 as an independent Non-Executive Director following the acquisition of Skill Hire by GO2. Mr. Fitzpatrick also served as Chair of the Remuneration and Nomination Committee during his tenure. Announcement • May 04
The GO2 People Limited Announces Resignation of Robert Stockdale as Non-Executive Director The GO2 People Ltd. announced that Robert Stockdale has submitted his resignation as Non-Executive Director, effective 1 May 2022, due to personal reasons. Board Change • Apr 28
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Darren Cooper is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Mar 30
The GO2 People Limited Announces Management Changes The Go2 People Ltd. announced the appointment of Mr. Steven Richards as its new Chief Financial Officer (CFO) commencing 30 March 2022. Mr. Richards is a Chartered Accountant and highly experienced CFO having worked in a number of ASX-listed entities and has recently led a growing ASX company through a Nasdaq dual-listing. Mr. Richards succeeds Ms Corinne Franklin, who will be leaving the company at the end of April. Announcement • Feb 19
The GO2 People Ordinary Shares to Be Deleted from Other OTC The GO2 People Limited's Ordinary Shares will be deleted from other OTC effective from February 22, 2022 due to Inactive Security. Board Change • Jan 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Independent Non-Executive Chairman Darren Cooper is the most experienced director on the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 7 experienced directors. No highly experienced directors. Member of the Advisory Board Doug Grewar is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 04
Full year 2021 earnings released: AU$0.016 loss per share (vs AU$0.014 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$29.7m (up 2.1% from FY 2020). Net loss: AU$2.69m (loss widened 45% from FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 01
Full year 2021 earnings released: AU$0.013 loss per share (vs AU$0.014 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: AU$29.7m (up 2.1% from FY 2020). Net loss: AU$2.23m (loss widened 21% from FY 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Executive Departure • May 18
CFO & Joint Company Secretary has left the company On the 7th of May, Matthew Thomson's tenure as CFO & Joint Company Secretary ended after 4.0 years in the role. As of December 2020, Matthew personally held only 100.00k shares (AU$3.3k worth at the time). Matthew is the only executive to leave the company over the last 12 months. Announcement • Mar 13
The GO2 People Limited (ASX:GO2) completed the acquisition of Hunter Executive Search Consultants from Ben Oakley and Gregor McNally. The GO2 People Limited (ASX:GO2) agreed to acquire Hunter Executive Search Consultants from Ben Oakley and Gregor McNally for AUD 1.8 million on January 4, 2021. Under the terms of the transaction, the aggregate initial scrip consideration will be equivalent to AUD 0.9 million. The initial scrip consideration will be issued at a deemed price per consideration share equivalent to the 7 Day VWAP, subject to: if the 7 Day VWAP is less than 3 cents, the deemed issue price per consideration share of the initial scrip consideration will be 3 cents per consideration share (being 30,000,000 fully paid ordinary shares); alternatively if the 7 Day VWAP is greater than 5 cents, the deemed issue price per consideration share of the initial scrip consideration will be 5 cents per consideration share being 18,000,000 fully paid ordinary shares. In addition, the aggregate deferred scrip consideration will be equivalent to 3 times the net profit (being operating profit before interest and dividends) of Hunter Executive for FY21, less the AUD 0.9 million initial scrip consideration (deferred scrip consideration). The deferred scrip consideration will be issued on the deferred calculation date at a deemed issue price per consideration share of the deferred scrip consideration equivalent to the 14 Day VWAP. The deferred calculation date will follow the release of GO2 annual report for the year ended June 30, 2021. The GO2 People Limited will not be undertaking any capital raising in connection with the transaction. Ben Oakley and Gregor McNally will join the The GO2 People Limited executive team and maintain their roles as principal consultants within the Hunter business. There will be no immediate changes to The GO2 People Limited Board or Key Executive Team, albeit that The GO2 People Limited intends appointing an additional independent non-executive director prior to June 30, 2021.
The transaction is subject to the following conditions: The GO2 People Limited completing its financial, tax and legal due diligence on the company and its associated business to its satisfaction, Hunter Executive Search Consultants completing their financial, tax and legal due diligence on The GO2 People Limited and its associated business to their satisfaction, receipt of The GO2 People Limited shareholder and regulatory approvals, the retention of Benjamin Oakley and Gregor McNally and execution of employment agreements. As of February 5, 2021, The GO2 People Limited will hold a shareholders meeting on March 10, 2021, to approve the transaction. The transaction was approved by the Board of The GO2 People Limited. The transaction is expected to close on February 15, 2021. The transaction is accretive to earnings of The GO2 People Limited.
The GO2 People Limited (ASX:GO2) completed the acquisition of Hunter Executive Search Consultants from Ben Oakley and Gregor McNally on March 12, 2021. All conditions precedent have been fulfilled. GO2 expects Hunter to contribute revenues of approximately AUD 3.3 million p.a. with strong profit margins which will improve GO2’s margins. Announcement • Mar 10
The GO2 People Limited, Annual General Meeting, Mar 10, 2021 The GO2 People Limited, Annual General Meeting, Mar 10, 2021. Agenda: To consider approval to issue scrip consideration; and to consider approval to issue deferred scrip consideration. Announcement • Jan 04
The GO2 People Limited (ASX:GO2) agreed to acquire Hunter Executive Search Consultants from Ben Oakley and Gregor McNally for AUD 1.8 million. The GO2 People Limited (ASX:GO2) agreed to acquire Hunter Executive Search Consultants from Ben Oakley and Gregor McNally for AUD 1.8 million on January 4, 2021. Under the terms of the transaction, the aggregate initial scrip consideration will be equivalent to AUD 0.9 million. The initial scrip consideration will be issued at a deemed price per consideration share equivalent to the 7 Day VWAP, subject to: if the 7 Day VWAP is less than 3 cents, the deemed issue price per consideration share of the initial scrip consideration will be 3 cents per consideration share (being 30,000,000 fully paid ordinary shares); alternatively if the 7 Day VWAP is greater than 5 cents, the deemed issue price per consideration share of the initial scrip consideration will be 5 cents per consideration share being 18,000,000 fully paid ordinary shares. In addition, the aggregate deferred scrip consideration will be equivalent to 3 times the net profit (being operating profit before interest and dividends) of Hunter Executive for FY21, less the AUD 0.9 million initial scrip consideration (deferred scrip consideration). The deferred scrip consideration will be issued on the deferred calculation date at a deemed issue price per consideration share of the deferred scrip consideration equivalent to the 14 Day VWAP. The deferred calculation date will follow the release of GO2 annual report for the year ended June 30, 2021. The GO2 People Limited will not be undertaking any capital raising in connection with the transaction. Ben Oakley and Gregor McNally will join the The GO2 People Limited executive team and maintain their roles as principal consultants within the Hunter business. There will be no immediate changes to The GO2 People Limited Board or Key Executive Team, albeit that The GO2 People Limited intends appointing an additional independent non-executive director prior to June 30, 2021.
The transaction is subject to the following conditions: The GO2 People Limited completing its financial, tax and legal due diligence on the company and its associated business to its satisfaction, Hunter Executive Search Consultants completing their financial, tax and legal due diligence on The GO2 People Limited and its associated business to their satisfaction, receipt of The GO2 People Limited shareholder and regulatory approvals, the retention of Benjamin Oakley and Gregor McNally and execution of employment agreements. The transaction was approved by the Board of The GO2 People Limited. The transaction is expected to close on February 15, 2021. The transaction is accretive to earnings of The GO2 People Limited. 
