NEU 0.48% $13.68 neuren pharmaceuticals limited

Am I right how I read this? They have issued new shares below...

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    Am I right how I read this?

    They have issued new shares below 15% of total in a 12 month period so no shareholder approval required. If we approve it post issue, then the 15% limit for 12 months then gets reset and they can reissue 15% again at the boards discretion?
 
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