Resolution 1 is about approving something Ovanti has already done: issuing 300 million new shares in December 2024 to raise $6 million.
The company issued these shares to professional investors, using up part of their allowed limit to issue shares without asking shareholders first (called their "15% placement capacity"). Now, they’re asking shareholders to approve this action, which will:
- Clear it officially: It ensures the share issuance complies with ASX rules.
- Refresh their limit: By approving this, Ovanti will regain its ability to issue more shares (up to 15% of their shares) in the future without needing approval again.
If shareholders say no, the shares stay issued, but the company’s limit to issue more shares will stay reduced until the 12-month period ends.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.011M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $12.38K | 6.094M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 122 | 100248009 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 45713681 | 51 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| OVT (ASX) Chart |