FGL 0.00% 4.7¢ frugl group limited

Ann: Response to ASX Aware Query-WGL.AX, page-2

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    The Entity lodged Data Interception and Data Retention plans with the ACMA and CAC during negotiations for the temporary Interception Capability Exemption on 14 April 2016. The exemption was subsequently approved from 1 May 2016. Accordingly, the Entity became aware of the finalisation of the Data Interception and Data Retention plans upon receipt the exemption from ACMA and CAC. The Entity became aware that it was required to make certain changes to the platform to support the interim data retention and interception requirements upon applying for the temporary Interception Capability Exemption from the CAC in April 2016. However, at the time, the Entity was not aware of the extent of the changes required and therefore the Board did not consider the information to be material. The Board was advised by its development and technical team that the delivery of a working version of the platform which met the interim requirements of the CAC and ACMA by the launch date of 15 June 2016 remained achievable.

    The Entity was in a position to launch the Wangle App on 15 June 2016, but the Board made the decision to postpone the launch date on the basis that it was not completely happy with the new results the Entity was receiving from the Wangle App. The final decision to postpone the launch of the app was made by the Board at approximately 3:00pm (WST) on 15 June 2016

    The Entity did not make any announcements relating to the Updated Launch Information, or any other information contained in the Announcement, before 16 June 2016, as the decision to postpone launch of the Wangle App was not made until approximately 3:00 pm on 15 June 2016. Until such time as the decision to postpone was made, the Entity intended to proceed with the launch of the Wangle App on 15 June 2016.

    Laters..
 
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