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04/11/23
19:51
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Originally posted by sabine:
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This notice was not available ten days ago ? And Hawk I am asking for thoughts here on HC on people’s theories on why TMT wants to issue more shares than would be currently allowed when the merger is due in January. And if it would be allowed to do issue millions more shares at very low prices which might then be translated into shares worth 32.4c under the terms of the merger proposal . Private zoom meetings are aimed at blocking the merger as far as I can see, and both pre existed thr AGM notice and have nothing to do with this move by TMT to create more shares at potentially very low prices!
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The company can raise upto 15% of the SOI within a 12 month period and require shareholder approval for the additional 10% is how I read it