Australia's ASX proposes 25% cap on share issuance in public M&A without shareholder vote
17/06/2026 02:01
Australia's ASX proposes 25% cap on share issuance in public M&A without shareholder vote June 17 (Reuters) - Australia's bourse operator ASX ASX.AX proposed capping the number of new shares large listed companies can issue in public takeovers and mergers without shareholder approval on Wednesday, in response to investor concerns over dilution.
Under the proposal, companies in the S&P/ASX 300 index would be limited to issuing shares equivalent to 25% of existing capital in share-funded public deals before seeking shareholder approval.
(Reporting by Roshan Thomas in Bengaluru; Editing by Rashmi Aich)
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