ASX and ASIC have announced “Temporary emergency capital raising relief”. The relief, which expires at the end of July 2020, provides for placement capacity of 25% where a raising is conducted alongside an entitlement offer or SPP. The relief, if used, will result in significant dilution for some – particularly… Read More
In turbulent markets, some companies are cancelling or suspending dividend payments to protect balance sheets Across the S&P/ASX 300 dividends announced but not paid as at March 25th totalled ~$17.6bn, and the ability to cancel such payments may be a key source of funding for many companies To date dividends… Read More
Capital raisings that took place during the GFC contain many lessons in the current environment. • GFC capital raisings revealed a preference for placements rather than entitlement offers • Some placements were made on expanded (post raising) capital bases where undertaken alongside entitlement offers and led… Read More
This report summarises key themes from the results of all resolutions at securityholder meetings of S&P/ASX 300 entities in 2014. Read More
