MDI 0.00% 1.2¢ middle island resources limited

Ann: Notice of Annual General Meeting/Proxy Form, page-5

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    You would probably find these in every AGM notice. Companies are limited to how many shares they can issue within a year without shareholder approval. Under listing rules 7.1 and 7.1a, a company can only issue 15% and an additional 10% respectively of the existing shares on issue without shareholder approval. If a company wishes to issue more shares than the listing rule allows during a rights issue, they must seek shareholder approval. This is usually ratified at the AGM.
 
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