DMN 0.00% 0.1¢ datamotion asia pacific limited

Ann: Trading Halt , page-12

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  1. 2,195 Posts.
    From the ASX rules, I get the following violations:

    1. 15% rule - you are only allowed to issue an extra 15% of shares on top of the shares on issue 12 months ago (this offer is for 1.2bn, I believe they also did a new issue late last year, not sure if it was within the past 12months)
    2. The issue price must be 80% or greater of the VWAP for the past 5 days (0.0005 is 50% of 0.001)
    3. I believe we must also vote in the move - either via extraordinary general meeting or something (?)
    4. The 0.1c / fractional cent rule as previously mentioned
 
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