Person
Mark Humphery-Jenner
Working paper
Placements and small cap firms - an analysis of changes to ASX Listing Rules
The 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%- Rule 7.1A (up from a 15% issue at a 15% discount). The changes have the potential to distort the shareholder-register. Further, if the issue is to an existing...