Resolution 2 – Approval to issue New Shares to Placement Subscribers To consider and, if in favour, pass the following resolution as an ordinary resolution: ‘That, for the purposes of Listing Rule 7.1 and for all other purposes, Shareholders approve the issuance and allotment of up to approximately 35,294,118 New Shares (on a post-consolidation basis) at the Issue Price and on the terms set out in the Explanatory Memorandum.’ The Directors unanimously recommend that you vote in favour of this resolution.
The number of New Shares is expressed on a post-consolidation basis assuming Resolution 1 is approved. Resolution 2 is not contingent upon the pass of Resolution 1. If Resolution 1 is not approved, the number of New Shares to be issued will be approximately 1,200,000,000 at the Issue Price.
IMU Price at posting:
1.7¢ Sentiment: None Disclosure: Not Held
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