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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
16 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
7 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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