Sorry. For the 4th time.
Does anyone know if this cap raise requires shareholder approval ? or correct me on my understanding below.
The April 2020 placement to an unnamed investor capped out the total amount the company was allowed to issue in a calendar year without shareholder approval. I believe this was 10% of total share capital on issue?
If this is the case surely this cap raise requires shareholder approval and given the current timing I feel it's highly likely of either a) a reasonably attractive rights issue for existing holders b) a major insto coming on board as a major step to building sconi.
Sorry. For the 4th time. Does anyone know if this cap raise...
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