General Chat / Discussion, page-133

@Mcintyb somehow I can't quote you.

Thanks for prompting me to do a little bit of light reading. There does appear to be some sort of 12 month limitation, based on a quick skim you can only not count it against the overall raise amount once per annum, although I'd need an English translation to fully make sense of it, can't be fussed to look into it deeper.

This section also says an SPP is issued to all share holders, but you cannot issue more than $15k to anybody per annum (would assume that's been increased to $30k). Like you say that would mean that people that participated fully in the last CR would not have been able to participate if they did an SPP this time, sound like a painful exercise that would boost the processing cost of doing the SPP if technically possible. You'd probably also annoy more people than keeping it clean just not doing one. This may have made that option too costly or there might be something in the company constitution about it possibly. Don't care enough to dig deeper than this, the learning being that companies even if they can, probably don't want to do SPPs more than once a year due to the extra hassle it causes.

Aside from that an SPP was apparently not on the table regardless of particular restrictions.


https://www.asx.com.au/documents/asx-compliance/annexure-f-new-gn-21.pdf