I can't see that there's a requirement to vote YES to Resolution 1. What they're essentially asking is to reset their 15% capacity under listing rule 7.1.
As far as I know, and someone can correct me if i'm wrong, a NO vote isn't a vote to prevent them from issuing the shares set out in the explanatory material (with the exception of 2.1 million shares for REM systems). Its a vote to allow them to issue up to the 15% capacity under listing rule 7.1 in the future as they have used up all the available capacity.
PGC Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held
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