RE: RE : AGM6 Sep 2018 11:02
extrader - it also appears on last years AGM resolutions. I think it is a protection method used by lots of companies.
Here it is in 2017:
Authority to Issue Shares
THAT, for the purposes of the Articles of Association, the Directors be generally and unconditionally authorised to issue Relevant
Securities:
(a) up to 185,851,020 and such number to be reduced by the number of any Relevant Securities issued under paragraph 6(b) below
(the “Allotment Number” for the purposes of Regulation 3 of the Articles of Association for the Allotment Period
(as defined below)) in connection with an offer by way of a rights issue:
(i) to holders of Shares in proportion (as nearly as may be practicable) to their respective holdings; and
(ii) to holders of other equity securities as required by the rights of those securities or as the Directors otherwise consider necessary,
but subject to such exclusions or other arrangements as the Board may deem necessary or expedient in relation to treasury shares,
fractional entitlements, record dates, legal or practical problems in or under the laws of any territory or the requirements of any
regulatory body or stock exchange; and
(b) in any other case, up to an aggregate number of 92,925,510 (the Allotment Number for the purposes of Regulation 3 of the Articles
of Association for the Allotment Period (as defined below)),