What is the exception for suspending the rights issue for up to five years?

In the context of suspending a rights issue, the correct option highlights a specific provision within company law that allows for such an action. A special resolution requiring a 75% majority aligns with the governance structure of companies, where significant decisions need broader consensus among shareholders. This type of resolution ensures that a substantial majority of stakeholders support the decision to suspend the rights issue, which could be necessary for various strategic or financial reasons, including re-evaluating business strategies or addressing specific market conditions.

The requirement for a 75% majority reflects the importance of broad agreement among shareholders when it comes to significant changes in corporate finance operations. This high threshold is designed to protect minority shareholders and require a strong consensus before such impactful decisions can be made, ensuring that the interests of the shareholders are preserved in decisions that can significantly affect the company’s capital structure and financial health.