24 jul: Europa/luk: Ingen lindring for investorerne
25 jul: Kalender - onsdag den 25 juli
25-07-2012 05:44:00

ASX Releases New 25% Capital Raising Rules for Smaller Companies

Relateret indhold

By Caroline Henshaw

SYDNEY--Australia's dominant exchange operator on Wednesday released the outcome of its controversial new plans to make it easier for small to medium sized companies to raise capital for investment.

From next month, the new rules will allow companies outside of the ASX Ltd.'s (ASX.AU) top 300 stocks with a market cap of less than 300 million Australian dollars ($307 million) to raise up to a quarter of their market capital through placements every 12 months, up from the current cap of 15%.

But in an amendment to the original plans put forward in April designed to placate existing investors, ASX will require boards to seek a special resolution backed by at least 75% of shareholders at an annual general meeting for the placements, rather than a simple majority through an ordinary resolution.

The additional shares can only be issued at a maximum 25% discount to the market price and boards must also provide shareholders with details of the purpose, affect and allocation of the new shares.

ASX said in a statement that the rules "strike a balance between protecting the interests of shareholders and facilitating timely capital raisings by listed companies," and "will help keep Australia a leading market to list, raise funds and invest." The rules will be reviewed in two years, it added.

Write to Caroline Henshaw at caroline.henshaw@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 24, 2012 23:44 ET (03:44 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Vestas får ordre på 178 MW til Kansas

04-05-2016 13:34:31
54 Vestas-møller skal i løbet af det næste år op at stå i vindblæste Kansas i USA.Capital Power Corporation har bestilt møllerne til Boom Wind-projektet, som få..

Aktier/åbning: Mærsk hiver C20 op på tung regnskabsmorgen- KORR

04-05-2016 09:31:23
KORR: Overskrift rettet til "åbning"En sand regnskabsstorm ramte investorerne fra morgenstunden, hvor blandt andet A.P. Møller-Mærsk, TDC, ISS, GN Store Nord, N..

Mærsk Q1: Tilbagegang mindre end frygtet

04-05-2016 08:19:18
Tilbagegangen i A.P. Møller-Mærsk var i årets første kvartal mindre, end analytikerne havde spået.Årets indledende tre måneder bød på en tilbagegang i omsætning..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas får ordre på 178 MW til Kansas
2
Dantherm understreger konkursrisiko efter stor stigning
3
Onsdagens aktier: Trio tog teten og førte C20 i grønt
4
Danmark/IMF: Makroudfordringer holder væksten nede
5
USA: ADP-rapport skuffer en del i april

Relaterede aktiekurser

ASX FPO 43,60 -0,7% Fald i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2016  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
5. maj 2016 16:14:47
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20160502.2 - EUROWEB2 - 2016-05-05 16:14:47 - 2016-05-05 16:14:47 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x