FLT 1.57% $21.95 flight centre travel group limited

Recovery Time, page-25

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    On 31 March 2020 ASIC and ASX announced temporary emergency capital raising relief to help facilitate capital raisings. The relief allows issuers to selectively issue 25% of new shares (previously 15%) provided that they make an entitlement offer or SPP as a follow-on to the placement at the same or lower price. The regime expires on 31 July 2020 unless the ASX determines to remove or extend the relief.

    https://www.livewiremarkets.com/wires/equity-investors-face-mass-dilution-from-supersized-capital-raisings
 
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