Ann: Results of Annual General Meeting , page-7

All companies are allowed to place 15% every year it's the standard practise surely you've seen this before?

Recently ASIC changed the legislation to allow certain smaller companies to be able to place an additional 10% or 25% in total but they required shareholder approval to do the additional 10%

It's the same as when a company does a 15% placement then a few months later at a meeting they ask shareholders to "refresh" their placement capacity so that they can place more shares (up to 15%) within that 12 month period