Jun 17, 2026 – 1.35pmThe Australian Securities Exchange says investors will get a vote on big equity raisings for major deals, confirming changes to its listing rules in response to the shareholder furore that followed James Hardie’s $14 billion acquisition of US company Azek last year.Institutional investors will have a louder voice as the ASX creates more oversight of capital raisings during public takeovers. “This gives shareholders a say before significant dilution,” the market operator said.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
ASX gives investors power to vote down capital raisings for major deals
The market operator says companies wanting to issue scrip worth 25pc or more of shares on issue during an M&A deal will have to seek shareholder approval.
97 words~1 min read
