Re: ABU authority to issue 10% new shares, page-6

They were, but if you vote FOR it actually means they will be given the green light to re issue again with out s/h approval! , as per additional listing rules/clauses in explanatory statement-see below applies to resolutions 4, 5 & 6.
imo--very sneaky -salt


Hi again Mal ; ASX Listing Rule 7.4 sets out an exception to ASX Listing Rule 7.1. It provides that where a company in
a general meeting ratifies the previous issue of securities made pursuant to ASX Listing Rule 7.1 (and provided that the previous
issue did not breach ASX Listing Rule 7.1) that issue of securities will be treated as having been made with
shareholder approval for the purpose of ASX Listing Rule 7.1.
If this Resolution is passed, and Resolution 5 is also passed, the Company will retain the flexibility to issue
equity securities in the future up to the 15% annual capacity set out in ASX Listing Rule 7.1 without the
requirement to obtain prior Shareholder approval.
E is the number of Equity Securities issued or agreed to be issued under Listing Rule 7.1A.2 in the 12 months before the date of the issue or date
of agreement to issue and not issued with Shareholder approval under Listing Rule 7.1 or 7.4.
The ability to issue Equity Securities under Listing Rule 7.1A is in addition to the Company’s 15% placement capacity
under Listing Rule 7.1.

Therefore not as innocent as it first appears.
imo-salt