Waiting for SSP short fall 25th May!!, page-46

Not true Australian Securities laws permit $15,000 per shareholder per year in a SPP.

That is 75m people. Maybe we have raised $45m collectively. Certainly permits an increase.

So it could be expanded if management so choose to allow for much larger than $15m in total raised.

Board decision but KB may already have been given veto.

See below from ASIC Regulatory Guide 125

Under our relief, a share purchase plan, under which shares in a listed company are issued, will not require a disclosure document if certain conditions (including the following) are met: (a) the company has complied with its continuous disclosure and financial reporting obligations; (b) subject to special conditions for some custodians, any registered holder is not issued more than $15,000 worth of shares in any consecutive 12- month period; Note: Under [CO 09/425], we have increased the monetary limit from $5000 to $15,000 to reflect the increased size of the average retail trade since 2002 and to align the limit with the ‘small investment’ exemption threshold under s946AA. (c) the issuer lodges with ASX a cleansing notice; Note: This condition has been introduced in [CO 09/425] so that shareholders still have access to additional information not available through continuous disclosure. (d) offers are made only to registered holders of shares in the same class; (e) each offer is made on similar terms and conditions and on a nonrenounceable basis; (f) the issue price is less than the market price during a specified period (determined by the issuer) in the 30 days before either the date of the offer or the date of the issue; (g) the written offer document discloses the method used to calculate the issue price, the relationship between the issue and market price, and the risk that the market price may change between the date of the offer and the date when the securities are issued; and (h) if an issuer chooses to issue shares under a share purchase plan to a registered holder who is a custodian (as defined in [CO 09/425]) for the beneficiaries of that custodian:

Best.

GG