NUH 0.00% 8.1¢ nuheara limited

Share Price Rising, page-1698

  1. Jbe
    925 Posts.
    lightbulb Created with Sketch. 190
    "And cant they just get shareholder approval to raise more if necessary? I dont think they would face much resistance."

    Under listing rule 7.1, every listed entity has the ability to issue 15% of
    its issued capital without security holder approval in a 12 month period.
    Only eligible entities that have obtained security holder approval by
    special resolution at an AGM have the ability to issue an additional 10%
    of issued capital in a 12 month period under listing rule 7.1A.

    https://www.asx.com.au/documents/rules/listing-rule-7.1a-user-guide.pdf

    Only up to 25% (in any 12 month period). Check Resolution 6 at last November's AGM.

    DYOR
 
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