Shareholder approval not required for an entitlements issue because retail shareholders are being given the chance to take up their rights.
In any case it is very disappointing that only 6 months after the last placement at 6c, they are rattling the tin again at a massive haircut.
Only plus I can see here is that retail shareholders are given a chance.
Wolf
Ann: Netlinkz Entitlement Offer Prospectus, page-8
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