Liquefied Natural Gas Limited said that ASX Compliance has decided to grant a waiver of ASX Listing Rule 14.7 on the voting exclusion statement in the company’s notice of meeting dated 15 May 2014 that relates to the next general meeting of shareholders on 16 June 2014.
The resolution that will be put to a vote at the general meeting of shareholders on 16 June 2014 is to approve a Placement of 58,792,746 fully paid ordinary shares to sophisticated or professional investors resident in Australia or overseas investors.
Following the waiver, the company need not disregard votes cast on the resolution by security holders who will not participate in the Placement, to the extent that those holders act solely in a fiduciary, nominee or custodial capacity (Nominee Holder) on behalf of beneficiaries who will not participate in the issue of shares in the Placement (a Non‐Participating Beneficiary), on the following conditions:
[mappress] Press Release, June 6, 2014