From my understanding, the company declares the record date and then the ASX sets the ex-entitlements date.
Ex = Without
So any stock bought on or after the ex date, will miss out on the entitlement.
Although the ASX was open on Monday, it was a public holiday in some states and there was no settlement. So between the Ex-entitlements date and Record date, there were three non-settlement days.
entitlement record date, page-4
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