Examples of Placement Capacity in a sentence
The table shows the dilution of existing Shareholders calculated in accordance with the formula outlined in ASX Listing Rule 7.1A.2 and on the assumptions setout below the table.The table also shows the voting dilution impact where the number of Shares on issue (Variable A in the formula in ASX Listing Rule 7.1A) changes and the economic dilution where there are changes in the issue price of Shares issued under the 10% Placement Capacity.
If Resolution 6 is passed, the issue will no longer use up a portion of the Company’s Placement Capacity, effectively increasing the number of securities it can issue without Shareholder approval.
Listing Rule 7.1A provides that an eligible entity may seek shareholder approval at its annual general meeting to allow it to issue equity securities comprising up to ten percent (10%) of issued capital (Additional Placement Capacity).
If Resolution 10 is passed, the issue will no longer use up a portion of the Company’s Placement Capacity, effectively increasing the number of securities it can issue without Shareholder approval.
If Resolution 6 is not passed, the IsoTherapeutics Consideration Shares will be included in calculating Telix’s 15% Placement Capacity, effectively decreasing the number of equity securities it can issue without obtaining Shareholder approval over the 12 month period following the issue of the IsoTherapeutics Consideration Shares.
If Resolution 5 is passed and the QSAM Rights are issued more than 3 months after the date of the Meeting, the QSAM Rights will be included in calculating Telix’s 15% Placement Capacity on expiry of the 3 month period following the date of the Meeting.
When the Company issues Equity Securities pursuant to the 10% Placement Capacity, it must give to ASX a list of the recipients of the Equity Securities and the number of Equity Securities issued to each (not for release to the market), in accordance with Listing Rule 7.1A.4.
If Resolution 5 is not passed, the QSAM Rights will be included in calculating Telix’s 15% Placement Capacity, effectively decreasing the number of equity securities it can issue without obtaining Shareholder approval over the 12 month period following the issue of the QSAM Rights.
If Resolution 8 is passed, the issue will no longer use up a portion of the Company’s Placement Capacity, effectively increasing the number of securities it can issue without Shareholder approval.
The table does not show an example of dilution that may be caused to a particular Shareholder by reason of placements under the 10% Placement Capacity, based on that Shareholder’s holding at the date of the Meeting.