1 This statement must be accompanied by a table describing the potential dilution of shareholders on the basis of at least three different assumed issued prices and three different assumed capital bases.
2 The ASX paper suggests that the requirement for a voting exclusion statement only applies if the company obtained a Listing Rule 7.1A approval previously. We see no reason why a voting exclusion statement would not be required in all cases and assume this is an error.
3 The same issue can theoretically arise under Listing Rule 7.1 placements, however, it is more often the case that approval under 7.1 is sought after conditional placements have already been agreed with investors, in which case it is clear who ought to be excluded from voting.

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