Clifford Chance
Changes to capital raising provisions of ASX Listing Rules
31 July 2012
The Australian Securities Exchange's (ASX) amendments to the ASX Listing Rules relating to capital raisings by small to mid cap listed entities came into effect on 1 August 2012.
The amendments follow industry feedback on proposals released for comment by ASX in April of this year.
According to ASX, the amendments have been implemented to strike a more complete balance between protecting shareholder interests and facilitating timely capital raisings and to ensure the capital raising competitiveness of ASX.
