On 20 October 2025, ASX opened consultation on shareholder approval requirements for dilutive acquisitions and changes in admission status for dual listed entities.
- Consultation paper is titled Shareholder approval of dilutive acquisitions and changes in admission status: public consultation on shareholder approval requirements under the ASX listing rules.
- Consultation focuses on four main areas: share issuance under regulated takeover or merger; dual listed companies changing to ASX foreign exempt listing status.
- In addition, dual listed companies proposing to delist from ASX, and significant changes to nature or scale of listed company activities.
- ASX refined scope through research into local transactions, comparisons with overseas exchanges and feedback from asset owners, fund managers, and professional advisers.
- Paper includes comparative analysis of rule settings for dilutive acquisitions/takeovers and significant transactions on other exchanges, as well as insights on number of transactions that could be affected by possible rule changes.
- The consultation is open until 15 December 2025.
