They can use it for whatever they want once shareholders green light it.
This is on top of the 15% they get anyway.
So if its passed they can issue jus over an extra 26% if done right.
It also needs 75% of the vote to get the extra 10%.
Think about your vote on this.
Potentially 26% dilution
Ann: Annual Report to shareholders, page-8
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Last
$10.00 |
Change
-0.150(1.48%) |
Mkt cap ! $211.3M | |||
| Open | High | Low | Value | Volume |
| $10.26 | $10.35 | $9.80 | $295.8K | 29.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22 | $9.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 2758 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AVR (ASX) Chart |