shareholders should get priority , page-2

I would presume the share distrubution of the shortfall would be given on a pro rata basis per the amount that holders requested. It would be impossible to give an older holder preference over a newer holder as at the times the offer is announced they are the dates that count in the prospectus are

Ex-Rights trading for existing Shares and Rights trading
commences 12 May 2009 and the Record Date 18 May 2009

As a share holder you are a part owner of a companyt at that point in time and that is irrelevant for how long you hold the shares for

Hoges in darwin