The retail entitlement offer (1 share for every 9.1 you own) stipulates on the first page of the booklet:
No Trading Entitlements:
Entitlements are non-renouncable and cannot be traded on ASX or any other exchange, nor can they be privately transferred.
From my understanding I've come to 2 conclusions as to what this means:
non-renounceable means that if I do not proceed with the entitlement offer, then my entitlements cannot be traded or sold on the ASX or traded in any manner?
Am I correct in thinking the above?
Just to clear things up, if I was to go ahead with the full entitlement of the new shares under the entitlement offer then I will be able to trade these 'New Shares' purchased under the entitlement offer after the 5th October 2016?
First timer to 'Entitlement Offers', did a lot of Googling - just wanted to make sure.
Another day another 52 week high, page-87
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