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The EGM you call in a hurry takes seven weeks
Five clocks run between a board resolution and an EGM – ASX review, ASIC lodgement, 28 days' notice from deemed receipt, proxy cut-off and LR 7.3.4. A clean run is six to seven weeks. The errors are in the count, not the resolutions.
Julian Rockett
3 hours ago4 min read
Placement capacity is counted in shares. Your funding gap is counted in dollars.
LR 7.1 capacity is fixed in shares; the funding need is in dollars. When the price falls, boards face an urgent EGM, an option overhang or a slow pro rata offer. The fix is a table, not a rule.
Julian Rockett
6 days ago3 min read
s708A Cleansing Notices: What ASX-Listed Companies Need to Know
A s708A cleansing notice must be lodged within five business days of issue. Miss it and the placees' securities cannot be on-sold without further disclosure.
Julian Rockett
Apr 84 min read
What ASX Directors Need to Know Before Approving a Capital Raise
Four ASX-listed companies breached LR 7.1 placement capacity in 18 months. Five LR 7.1 issues your board should pressure-test before approving a raise.
Julian Rockett
Apr 14 min read
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