“They can't cap raise more than 15% per 12 months.”
I could be wrong but I thought that under Listing Rule 7.1, a company has the ability to place equity securities up to 15% of its existing issued capital in any 12-month period and then under Listing Rule 7.1A, a company can seek approval at its annual general meeting each year to issue equity securities equal to a further 10% of its issued capital, subject to certain conditions.
https://www.asx.com.au/documents/rules/Chapter07.pdf
DYOR
Ann: Up to A$20 Million Equity Raising, page-130
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Last
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $68.40M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.8¢ | $246.6K | 6.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 493706 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 756611 | 20 |
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| Last trade - 15.07pm 02/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |