"The Company utilised the issue of shares under the SSSP to conserve its cash reserves"
yet: "undertaking to ASX that the securities issued in breach of Listing Rule 10.14 which do not receive ratification from shareholders at the general meeting will be cancelled or selectively bought back" .... using the cash reserves that they were conserving.
Ann: Shareholder Approval - Issue of Director Shares and Options, page-5
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