“One thing I really don't get from IVZ is this arbitrary date of the 16Th. Where did that come from??”
They used the wording that “The Company has provided an undertaking to the ASX that it will not issue any equity securities without shareholder approval until 16 September 2023”.
Is this just a courtesy to the ASX to give them a week to digest the info that Invictus provided and make sure there’s no other consequences or issues that need to be addressed first?
”Provided an undertaking” sounds like it was initiated by Invictus and not from a listing rule.
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