Public listed companies can issue up to 15% of their existing equity as new shares in a twelve month period, without making a regulated share offer.

Question

Quizplus · Accepted Answer

This is known as a "disapplication of pre-emption rights" and it allows companies to issue new shares without offering them to existing shareholders first. However, any issuance beyond the 15% limit requires a regulated share offer.

Public Listed Companies Can Issue Up to 15% of Their