RE: Is this correct?30 Mar 2026 09:57
For the avoidance of doubt, and so Jolly is clear, JLP has requested authority to issue shares, in some years up to 30% of the float, EVERY year for the last 10 years. And to prove this is standard practice, in their 2025 meetings, so have Tesco, BP, Rolls-Royce, Reckitt, Marks and Spencer and Smiths Group. For UK listed companies, these resolutions are standard governance plumbing. They are usually framed as giving directors flexibility or prudent capital-management headroom, not as a signal that management is definitely about to issue shares. Tesco explicitly calls the core allotment authority “routine,” and Smiths explicitly says it wants to “maintain flexibility in managing the Company’s capital.”
So, Kalan and the other knockers/traders.... stick it in your pipes.