Never bet on a fact that you cannot be bothered to check first
Quote:
Originally Posted by
winner69
I think you will find unless new capital is greater than 15% shareholder approval NOT needed
It's not that straight forward - probably why the announced amount is a rather odd percentage
This is correct, shareholder approval is not required to issue up to 15% of new capital in a 12 month period.
And when you do this little bit of maths:
15%/115% = ?
you get 0.13 or 13%.
Best Wishes
Paper Tiger
Airlines, I have flown a few
Quote:
Originally Posted by
winner69
Does save all that bother not having to go through that process of getting shareholder pprovals
Still have feeling all this not good for Air NZ
I am not 100% sure about this but:
VAH can still do a pro-rata issue, should the board so decide, without needing shareholder approval.
Quote:
Originally Posted by
winner69
PT - you flown on any of these HNA planes of many guises?
Not knowingly but the balance of probabilities is that I have.
Best Wishes
Paper Tiger