Constitution
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Constitution of
Imagion Biosystems Limited
ACN 616 305 027
A public company limited by shares
Registered in Victoria
M:8368401_1 KAZ
Constitution of Imagion Biosystems Limited
ACN 616 305 027
Table of contents
1.
Preliminary ........................................................................................ 1
1.1
1.2
1.3
1.4
1.5
1.6
1.7
Definitions........................................................................................1
Corporations Act and Listing Rules definitions ................................2
Interpretation ..................................................................................3
Replaceable rules not to apply ........................................................3
Constitution subject to the Corporations Act ..................................3
Application of Listing Rules ..............................................................3
Constitution subject to Listing Rules if Company is
listed ................................................................................................3
1.8 Additional Listing Rule requirements ..............................................4
1.9 Limitations on right to vote .............................................................5
1.10 Exercise of powers ...........................................................................5
1.11 Currency...........................................................................................6
2.
Share Capital...................................................................................... 6
2.1
2.2
2.3
2.4
2.5
2.6
2.7
2.8
3.
Certificates ........................................................................................ 8
3.1
3.2
4.
Lien...................................................................................................9
Extent of lien ................................................................................. 10
Exemption from lien ..................................................................... 10
Rights of shareholder.................................................................... 10
Sale under lien .............................................................................. 10
Proceeds of sale of Shares sold under lien ................................... 10
Transfer on sale under lien ........................................................... 10
Calls................................................................................................. 11
6.1
6.2
6.3
6.4
6.5
6.6
6.7
6.8
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Joint holding ....................................................................................9
Recognition of Third Party Interests ................................................9
Lien ................................................................................................... 9
5.1
5.2
5.3
5.4
5.5
5.6
5.7
6.
Issue of certificates ..........................................................................8
Cancellation of certificate on transfer .............................................9
Register ............................................................................................. 9
4.1
4.2
5.
Allotment and issue of Shares under control of
Directors ..........................................................................................6
Ordinary Shares ...............................................................................7
Issue of preference Shares ..............................................................7
Rights of holders of preference Shares ...........................................7
Redeemable preference Shares.......................................................8
Restrictions on transfer of preference Shares .................................8
Interest on share capital ..................................................................8
Brokerage or commission ................................................................8
Directors may make calls .............................................................. 11
Time of call.................................................................................... 11
Members’ liability ......................................................................... 11
Non-receipt of notice.................................................................... 11
Difference in terms of issue as to calls ......................................... 11
Fixed payments deemed calls ....................................................... 11
Interest on sums not paid ............................................................. 12
Proof of calls ................................................................................. 12
6.9 Prepayment of calls ...................................................................... 12
6.10 Waiver........................................................................................... 12
7.
Forfeiture of Shares ......................................................................... 13
7.1
7.2
7.3
7.4
7.5
7.6
7.7
8.
Transfer of Shares ............................................................................ 14
8.1
8.2
8.3
8.4
8.5
8.6
8.7
8.8
8.9
9.
Computerised trading ................................................................... 14
Transfer document ....................................................................... 14
Directors may Refuse to Register ................................................. 15
Power to suspend registration of transfers .................................. 15
Notice of refusal to register .......................................................... 15
Effect of registration ..................................................................... 16
Unmarketable Parcel .................................................................... 16
Company to register forms without charge ................................. 16
Company to retain instrument of transfer ................................... 16
Transmission of Shares ..................................................................... 16
9.1
9.2
9.3
10.
Forfeiture procedure .................................................................... 13
Dividends and distributions included in forfeiture ....................... 13
Evidence of forfeiture ................................................................... 13
Effect of forfeiture ........................................................................ 13
Sale or re-issue of forfeited Share ................................................ 14
Redemption of forfeited Shares ................................................... 14
Surrender of Shares ...................................................................... 14
Death of a Member ...................................................................... 16
Transmission on death or bankruptcy .......................................... 17
Election as to registration on transmission .................................. 17
Alteration of capital ......................................................................... 17
10.1 Company's power to alter capital ................................................. 17
10.2 Reduction of capital ...................................................................... 17
10.3 Power to buy Shares ..................................................................... 17
11.
Variation of rights ............................................................................ 17
11.1 Variation of rights of class of Shares ............................................ 17
11.2 Class meetings .............................................................................. 18
11.3 No consent or sanction required for redemption ........................ 18
12.
Restricted Securities......................................................................... 18
13.
Proportional takeover bids ............................................................... 19
13.1 Definitions..................................................................................... 19
13.2 Prohibition on registration of transfer unless
Approving Resolution passed ....................................................... 19
13.3 Approving Resolution ................................................................... 19
13.4 Entitlement to vote on Approved Resolution............................... 19
13.5 Bidder and Associates not entitled to vote .................................. 19
13.6 Approving Resolution passed ....................................................... 19
13.7 General meeting provisions to apply............................................ 19
13.8 Meeting to be held before Relevant Day ..................................... 19
13.9 Notice as to whether prescribed Resolution is passed................. 20
13.10 Approving Resolution deemed to have been passed ................... 20
13.11 Effect of this article ....................................................................... 20
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14.
Unmarketable parcels ...................................................................... 20
14.1 Definitions..................................................................................... 20
14.2 Notice to Unmarketable Parcel Holder ........................................ 20
14.3 Revocation or withdrawal of notice ............................................. 21
14.4 Sale of Unmarketable Parcels ....................................................... 21
14.5 Company may not sell below Authorised Price ............................ 21
14.6 Company to pay all costs .............................................................. 21
14.7 Title of purchaser of Unmarketable Parcel ................................... 21
14.8 Remedy of Unmarketable Parcel Holder ...................................... 21
14.9 Evidence of sale in accordance with this article ........................... 22
14.10 Receipt of proceeds of sale........................................................... 22
14.11 Company to deal with proceeds of sale ....................................... 22
14.12 Overriding effect of this article ..................................................... 22
14.13 Article ceases to have effect following announcement
of takeover bid or takeover announcement ................................ 22
14.14 Invocation of article ...................................................................... 22
15.
AGM and General meetings .............................................................. 23
15.1
15.2
15.3
15.4
AGM .............................................................................................. 23
General meetings.......................................................................... 23
Use of technology at general meetings ........................................ 23
Members may request Directors to call meeting or
call meeting .................................................................................. 23
15.5 Notice of meeting ......................................................................... 23
15.6 Contents of notice of general meeting ......................................... 23
15.7 Omission to give notice ................................................................ 23
15.8 Admission to general meetings .................................................... 24
15.9 Cancellation or postponement of a meeting................................ 24
15.10 Notice of cancellation or postponement of a meeting ................ 24
15.11 Contents of notice of postponement of meeting ......................... 24
15.12 Business at postponed meeting ................................................... 25
15.13 Proxy, attorney or representative at postponed
meeting ......................................................................................... 25
15.14 Notice to ASX ................................................................................ 25
16.
Proceedings at general meeting........................................................ 25
16.1 Member deemed to be present ................................................... 25
16.2 Attorney of Member..................................................................... 26
16.3 Representative of body corporate................................................ 26
16.4 Quorum for general meeting ........................................................ 26
16.5 Single Member company .............................................................. 26
16.6 No quorum.................................................................................... 26
16.7 Adjourned Meeting....................................................................... 26
16.8 Chair of general meeting .............................................................. 26
16.9 Absence of chairman at meeting .................................................. 26
16.10 Powers of chair ............................................................................. 27
16.11 Adjournment of general meeting ................................................. 27
16.12 Notice of adjourned meeting ....................................................... 27
17.
Voting.............................................................................................. 27
17.1 Resolution determined by majority .............................................. 27
17.2 No casting vote ............................................................................. 27
17.3 Method of voting .......................................................................... 27
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17.4 Demand for poll ............................................................................ 27
17.5 Conduct of poll ............................................................................. 28
17.6 Votes ............................................................................................. 28
17.7 Voting if call unpaid on Shares ..................................................... 28
17.8 Voting by joint holders ................................................................. 28
17.9 Voting by infant ............................................................................ 28
17.10 Voting by transmittee ................................................................... 29
17.11 Voting by Member of unsound mind ........................................... 29
17.12 Voting exclusions .......................................................................... 29
17.13 Ruling on entitlements and votes ................................................. 29
18.
Proxies............................................................................................. 29
18.1
18.2
18.3
18.4
18.5
18.6
18.7
18.8
18.9
19.
Right to appoint proxy, attorney or representative ..................... 29
Instrument appointing proxy ........................................................ 30
Deposit of proxy with company .................................................... 30
Presence of Member .................................................................... 30
Validity of vote given in accordance with proxy ........................... 30
Form of proxy ............................................................................... 31
Authority conferred on proxy or attorney.................................... 31
Appointment of two proxies or attorneys .................................... 32
Validity of proxy at postponed meeting ....................................... 32
Directors .......................................................................................... 32
19.1
19.2
19.3
19.4
Number of Directors ..................................................................... 32
No Share qualification .................................................................. 32
Election of Directors by Company ................................................ 32
Directors may fill casual vacancies or appoint
additional Directors ...................................................................... 32
19.5 Eligibility for election as a Director ............................................... 33
19.6 Alternate Director ......................................................................... 33
19.7 Auditor cannot be Director ........................................................... 34
20.
Director's tenure of office ................................................................ 34
20.1
20.2
20.3
20.4
20.5
20.6
21.
Director's remuneration ................................................................... 35
21.1
21.2
21.3
21.4
21.5
21.6
22.
Period of appointment of Directors ............................................. 34
Limitation if Company is admitted to the Official List .................. 34
Retirement by rotation ................................................................. 34
Retiring Director eligible for re-election ....................................... 34
Removal of Director by the Company .......................................... 35
Vacation of office .......................................................................... 35
Remuneration of Directors ........................................................... 35
Superannuation contributions...................................................... 36
Additional remuneration for extra services.................................. 36
Remuneration to be in accordance with Listing Rules ................. 36
Expenses of Directors ................................................................... 36
Retirement Benefits...................................................................... 37
Director's contracts .......................................................................... 37
22.1 Directors not disqualified from holding office or
contracting with Company ........................................................... 37
22.2 Director can act in professional capacity...................................... 37
22.3 Director not to vote on contract in which it has a
material personal interest ............................................................ 37
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22.4
22.5
22.6
22.7
23.
Powers of Directors .......................................................................... 38
23.1
23.2
23.3
23.4
23.5
24.
Directors to declare material personal interest ........................... 38
Secretary to record declarations of Directors .............................. 38
Directors may give standing notice about an interest ................. 38
Financial benefits to related parties ............................................. 38
Powers of Directors ...................................................................... 38
Powers to borrow or raise money ................................................ 38
Execution of negotiable instruments............................................ 39
Directors may vote shares in other corporations ......................... 39
Agent or attorney ......................................................................... 39
Executive directors ........................................................................... 39
24.1 Managing Director ........................................................................ 39
24.2 Directors may confer powers on executive Directors .................. 39
24.3 Remuneration of executive Directors........................................... 39
25.
Proceedings of Directors .................................................................. 40
25.1 Board meetings ............................................................................. 40
25.2 Director to be regarded as present at meeting ............................ 40
25.3 Place of meeting ........................................................................... 40
25.4 Convening of Directors meeting ................................................... 40
25.5 Notice of meeting ......................................................................... 40
25.6 Directors may act notwithstanding vacancy ................................ 40
25.7 Quorum for Board meetings......................................................... 40
25.8 Meeting competent to exercise all powers .................................. 40
25.9 Chair of Board meetings ............................................................... 40
25.10 Documents tabled at meeting ...................................................... 41
25.11 Questions to be decided by majority............................................ 41
25.12 Resolution in writing ..................................................................... 41
25.13 Resolution passed deemed to be determination of
Board............................................................................................. 41
25.14 Committee powers and meetings ................................................ 41
25.15 Validity of acts of Directors .......................................................... 41
26.
Secretary ......................................................................................... 42
27.
Minutes and registers to be kept ...................................................... 42
27.1
27.2
27.3
27.4
28.
The Seal ........................................................................................... 43
28.1
28.2
28.3
28.4
29.
Minutes ......................................................................................... 42
Minutes to be signed by chair ...................................................... 42
Registers ....................................................................................... 42
Branch registers ............................................................................ 42
Use of common seal ..................................................................... 43
Duplicate seals .............................................................................. 43
Share seal ...................................................................................... 43
Affixing the Share seal .................................................................. 43
Reserves .......................................................................................... 43
29.1 Reserves ........................................................................................ 43
29.2 Carry forward of profits ................................................................ 44
29.3 Revaluation of assets .................................................................... 44
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30.
Dividends......................................................................................... 44
30.1 Power to declare dividends or determine dividends to
be payable vested in Directors ..................................................... 44
30.2 Apportionment of dividends ........................................................ 44
30.3 Record Date .................................................................................. 44
30.4 Dividend payable by distribution of assets................................... 44
30.5 No interest payable on dividends ................................................. 45
30.6 Ancillary powers regarding distributions ...................................... 45
30.7 Directors may retain certain dividends ........................................ 46
30.8 Directors may deduct from dividends money payable
to Company................................................................................... 46
30.9 Payment of dividends ................................................................... 46
30.10 Effectual receipt from one joint holder ........................................ 47
30.11 Unclaimed dividends .................................................................... 47
30.12 Dividend Reinvestment Plan......................................................... 47
30.13 Amendment of Dividend Reinvestment Plan ............................... 47
31.
Capitalisation of profits .................................................................... 47
31.1 Capitalisation of profits ................................................................ 47
31.2 Directors powers in relation to capitalisation of
profits............................................................................................ 47
32.
Financial statements ........................................................................ 48
32.1 Financial records ........................................................................... 48
32.2 Accounts ....................................................................................... 48
32.3 Financial statements and reports ................................................. 49
33.
Audit ............................................................................................... 49
33.1
33.2
33.3
33.4
34.
Auditors ........................................................................................ 49
Financial statements to be audited .............................................. 49
Approval of financial statements.................................................. 49
Register to be audited .................................................................. 49
Inspection of records........................................................................ 50
34.1 Inspection of Records by Members .............................................. 50
34.2 Right of a Member or other person to inspect............................. 50
35.
Notices ............................................................................................ 50
35.1 Document includes notice ............................................................ 50
35.2 Form of Document........................................................................ 50
35.3 Methods of service ....................................................................... 50
35.4 Notices to overseas Members ...................................................... 50
35.5 Notices to joint holders ................................................................ 50
35.6 Notice deemed to be served ........................................................ 51
35.7 Notices to Members whose whereabouts unknown ................... 51
35.8 Notices binding on transferees..................................................... 51
35.9 Notice to deceased or bankrupt Members .................................. 51
35.10 Signing of notices .......................................................................... 52
35.11 Counting of days ........................................................................... 52
36.
Winding up ...................................................................................... 52
36.1 Distribution of surplus assets ....................................................... 52
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36.2 Fee or commission paid to liquidator to be approved
in general meeting ........................................................................ 52
36.3 Distribution in specie .................................................................... 52
37.
Indemnity and insurance .................................................................. 52
37.1 Indemnity...................................................................................... 52
37.2 Contract of insurance ................................................................... 53
37.3 Contract ........................................................................................ 53
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38.
Amending constitution ..................................................................... 53
39.
Time for doing acts........................................................................... 53
1.
Preliminary
1.1
Definitions
In this Constitution, unless the context otherwise requires:
Accounting Standards means:
(a)
the accounting standards required under the Corporations Act (including the Approved
Accounting Standards issued by the Australian Accounting Standards Board) and other
mandatory professional reporting requirements issued by the joint accounting bodies; and
(b)
if no accounting standard applies under the Corporations Act or other mandatory
professional reporting requirements, the principles set out in the Australian Statement of
Accounting Concepts;
(c)
AGM means an annual general meeting of the Company held in accordance with section
250N of the Corporations Act;
(d)
Alternate Director means a person appointed as an alternate director of the Company
under article 19.6, during the period in which that person holds office;
(e)
ASIC means the Australian Securities and Investments Commission;
(f)
Associate has the meaning given to that term in section 50AAA of the Corporations Act;
ASX means ASX Limited (ABN 98 008 624 691);
Auditor means the auditor for the time being of the Company;
Board means the board of Directors of the Company for the time being;
Business Day means:
(a)
for determining when a notice, consent or other communication is sent, a day that is not a
Saturday, Sunday, public holiday or bank holiday in the place to which the notice, consent
or other communication is sent; and
(b)
for any other purpose, a day that is not a Saturday, Sunday, public holiday or bank holiday
in the capital city of the State;
Company means Imagion Biosystems Limited (ACN 616 305 027);
Constitution means this constitution as amended from time to time;
Corporations Act means the Corporations Act 2001 (Cth) and the Corporations Regulations;
Director means any person appointed as a director of the Company in accordance with this
Constitution and where appropriate includes an alternate director;
Directors means all or any number of the Directors for the time being or, if the Company only has
one Director, the sole Director;
Financial Year means the period commencing on 1 January in any year and concluding on the
following 31 December;
M:8368401_1 KAZ
Listing Rules means the Listing Rules of the ASX and any other rules of the ASX which are
applicable while the Company is admitted to the Official List
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