Yes sideliner, you are correct.
I'm not a shareholder, if I was I would seriously consider voting against this resolution.
I would like to be asked/consulted as to the terms and condition of any future capital raising.
They may be able to convince me (if I was a shareholder) on the day, but my starting position would be no.
For instance, the ability to alternatively raise capital quickly, may be a good negotiating chip when setting an asset sale price.
Whilst I'm not sure, I don't think that they would need approval for a rights issue, where everyone is treated equally,
Ann: Notice of Extraordinary General Meeting/Proxy Form, page-4
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