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Gerrado

6,989 Posts.

1355

15/01/20

08:13

Post #: 42382736
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Originally posted by Jbe: ↑

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

DYOR

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Yep, so 80m pre approved under those rules.

is that not enough?

what about capacity under other listing rules?

NUH Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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