BLT 0.00% 2.6¢ benitec biopharma limited

Ann: INVESTOR PRESENTATION , page-24

  1. 540 Posts.
    DIRT-SLIDER
    that's what I thought also.
    But I believe we had 85 million shares post consolidation
    and %15 of that is 12.75 million.
    But they already issued 14.7 million.
    it looks like 25% to me based on this.

    By ratifying the issue of shares and options pursuant to the first stage of the Placement to which Resolution 1
    applies, the total placement capacities under Listing Rules 7.1 and 7.1A will be reinstated and the Company will
    retain the flexibility to issue equity securities in the future up to a total 25% annual placement capacity without the
    requirement to obtain prior shareholder approval. Any issue of shares under the reinstated Listing Rule 7.1A 10%
    capacity must still comply with the requirements which apply to issues under that Rule, including that the shares
    are issued at a price which is at least 75% of the 15 day VWAP
 
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