rights entitlement, page-3

From the ASX;

cum rights issue
Applies to renounceable Rights Issues. The Rights issue may be the right to any tradeable product. The purchaser of securities Cum Rights is entitled to receive and trade the Rights securities. Securities are traded Cum Rights until the Ex Rights date. Trading in the Rights securities begins on the morning of the Ex Rights date and ends at the close of business on the Rights Trade Cease date. The renounceable Rights are traded on a deferred settlement basis until the day after the Rights securities are despatched to clients. On the Business day following the despatch date of the Rights, the Rights commence trading on a T+3 settlement basis.

XR ex rights issue
XR first displays for a security from the morning of the Ex Rights date (generally four business days before the record date) and remains until the close of business on the application's close date. Trading in securities displaying XR on ITS does not entitle the holder to receive securities in the Rights Issue. For more information refer to the description of Cum Rights. All orders are purged at the end of the trading day prior to the security being quoted on an XR basis.