Guidance Note
Author | : Australian Stock Exchange |
Publisher | : |
Total Pages | : |
Release | : 1996 |
Genre | : Securities |
ISBN | : 9781875262113 |
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Author | : Australian Stock Exchange |
Publisher | : |
Total Pages | : |
Release | : 1996 |
Genre | : Securities |
ISBN | : 9781875262113 |
Author | : |
Publisher | : |
Total Pages | : |
Release | : |
Genre | : Stock exchanges |
ISBN | : 9780409321708 |
ASX Listing Rules - ASX Limited (ASX) is the holder of an Australian market licence granted under the Corporations Act pursuant to which it operates a market for certain financial products. The ASX Listing Rules and procedures deal with certain matters in respect of the operation of the market, including governing the admission of entities to the official list of ASX, quotation of securities, suspension of securities and removal of entities from the official list as well as disclosure and some aspects of a listed entity's conduct. Guidance Notes are also published to assist listed companies to understand how certain Listing Rules and procedures operate.
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1996 |
Genre | : Securities |
ISBN | : |
Author | : Martin Kudnig |
Publisher | : |
Total Pages | : 220 |
Release | : 1992 |
Genre | : Securities |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1993 |
Genre | : Clearing of securities |
ISBN | : |
Author | : Catherine Officer |
Publisher | : |
Total Pages | : 11 |
Release | : 2001 |
Genre | : Corporation law |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : |
Release | : 1992 |
Genre | : Rules |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 130 |
Release | : 2002 |
Genre | : |
ISBN | : |
Author | : Mark Humphery-Jenner |
Publisher | : |
Total Pages | : 37 |
Release | : 2014 |
Genre | : |
ISBN | : |
This paper analyzes the desirability of relaxing constraints on non-pro-rata share issuances and examines amendments to Australian listing rules that have done so. The Australian Stock Exchange (ASX) recently amended its listing rules to allow small-cap companies to issue up to 25% of their share capital at a discount of up to 25% (up from 15% issue at a 15% discount), if the company satisfies certain requirements (including approval of a supermajority of shareholders). The new changes have the potential to distort the shareholder-register. Further, if the equity issue is made to an existing blockholder (or blockholders), the super-majority requirement for the issue to take-place may only require a minority of non-blockholder-shareholders to agree. However, existing directors' duties and shareholder remedies should be sufficient to protect shareholders from abuse of the new rules. Thus, they could provide additional flexibility to firms who may require significant capital-injections in order to undertake major investments or raise capital to stave-off financial distress.
Author | : Erik Richer La Flèche |
Publisher | : |
Total Pages | : 0 |
Release | : |
Genre | : Mineral industries |
ISBN | : 9781804491171 |