ASX Briefs...everything...in three bullet points

THE GO2 PEOPLE LTD (ASX: GO2)

2023-03-17 09:27:00

The GO2 People made a correction to an earlier ASX release regarding Deferred Consideration Payment owed to Skill Hire Vendors.
The total amount of deferred consideration to be settled in cash is $1,485,404, with the remaining balance of $2,024,596 to be settled via the issue of 168,716,298 GO2 fully paid ordinary shares.
This agreement is subject to any required shareholder approvals, and the balance of the cash payment will be made before 30 June 2023.

2023-03-10 19:35:00

GO2 has successfully executed a business turn-around strategy and stabilized their balance sheet through negotiations with the Australian Taxation Office.
The three largest shareholders of GO2 are the Skill Hire vendors who have been supportive of the company and will now accept a partial cash payment and convert the remainder of their deferred payment into GO2 shares.
This agreement with the Skill Hire vendors is a significant step towards de-leveraging GO2's balance sheet and shows their confidence in the company's current value.

2023-03-10 08:13:00