The days of risk aversion are still well and truly with us.
Only 75% of the shares offered to retail investors were taken up. So everyone gets the extra shares they applied for - the 25% of your holding extra entitlement over the 1 for 1. There was never any entitlement beyond that 25% offered.
The shortfall goes to the underwriters, who will have to content themselves with a quick 40% gain if they can get around the current 50c each on market when the new shares get allotted on the 17th.
Amazing why people didn't take up their entitlements...
non renounceable entitlement, page-20
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