ULTRASIS - ONWARDS AND UPWARDS

Just thought I would post this again as there were no replies earlier...maybe I forgot to write LOL or onwards and upwards at the end of my post??

Maybe most of the intellectuals are busy working, leaving only the unemployed able to post at the moment LOL - onwards and upwards!!!

The point of my below post is that if the additional shares are limited to a rights issue, then we all benefit in that a)we can subscribe for more or b) we get the difference in the issue price and the sale price, or something...anyway read on and pass your own comments to pt. 7 of the AGM.

"Maybe I'm thick, but it seems to me that the article 7 limits the ability of the directors as to how they may issue the shares. This limitation only allows them to issue them in favour or a rights issue or scrip dividend alternative, which I guess means they can issue shares instead of cash??

7. THAT subject to the passing of Resolution number 6 set
out in the Notice of Meeting at which this Resolution is to
be proposed the Directors be and they are hereby
empowered to allot equity securities (within the meaning
of Article 104 of the Order) for cash pursuant to the
authority in that regard conferred on them by paragraph
(i) of Resolution 6 as if Article 99(1) of the Order did not
apply to any such allotment, provided that this power shall
be limited to:
(i) the allotment of equity securities in connection with a
rights issue or a scrip dividend alternative in favour of
ordinary shareholders where the equity securities
respectively attributable to the interests of all ordinary
shareholders are proportionate...

now what article 99(1) states I have no knowledge...comments anybody?"