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ARTICLE · 06 JULY 2012

Boosting capital raisings for mid/small caps on the ASX

DLA Piper Australia
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The ASX has released draft proposals to enhance the capital raising environment for mid/small cap companies.

AustraliaFinance and Banking
Simon Davidson
Simon Davidson

Recently1, the ASX released draft proposals to enhance the capital raising environment for mid/small cap companies (MSC) currently listed on ASX2. A significant proposal is to enable MSCs to seek a 12-month mandate from shareholders to issue up to an additional 10% of the issued capital of the company without further approval. Given the size of most ASX-listed life sciences companies, this proposal is very significant for the sector.

This article briefly looks at:

  • What exactly is the proposal?
  • What are the benefits of the proposal?
  • Is there devil in the detail of the proposal?
  • Will the changes alter the capital raising process for MSCs in the life sciences sector?

What exactly is the proposal?

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