"Listing Rule 7.1 provides that (subject to specified...

"Listing Rule 7.1 provides that (subject to specified exceptions) a listed company must not issue or agree to issue equity securities where such an issue increases its ordinary capital by more than 15% over any 12 month period, without the approval of shareholders of ordinary shares."

Perhaps the determination prevents cityview increasing its ordinary capital by more than 15% for the 12 months from now til Aug 20, 2010 even with shareholder approval.

If that's the case they may still want an EGM to pass Resolutions 1 and 2. But the number of options taken up under the entitlements issue would effect how much additional cash they can raise for the next 12 months to pay salaries and expenses. So while it is their "present intention to proceed with the meeting on that date" they are considering whether it is worth it.