RE: Placing3 Feb 2023 08:35
17:48
"Broadly speaking, and subject to a number of exceptions, ASX Listing Rule 7.1 limits
the amount of Equity Securities that a listed company can issue without the
approval of its shareholders over any 12 month period to 15% of the fully paid
ordinary securities it had on issue at the start of that period.
However, under ASX Listing Rule 7.1A, an eligible entity may seek shareholder
approval by way of a special resolution passed at its annual general meeting to
increase this 15% limit by an extra 10% to 25% (7.1A Mandate). "