Heres a nice announcement on how i reckon it should be done and under the correct ASX rules without requiring any shareholder approval.
A facility for up to $5m seems about right for me, no price needs to be given, and they don't need to do it all at once. Could only spend $500k a month on it.
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwi86dHAlrr-AhUWDd4KHe94CRE4ChAWegQIBhAB&url=https%3A%2F%2Fwww.iress.com%2Fmedia%2Fdocuments%2FASX_Release_-_On-market_buy-back.pdf&usg=AOvVaw00neVrZjpIuh8Tz8yKL_Vb
Ann: Trading Halt, page-60
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