FXX / LLL Demerger, page-79

Just to clarify,
You might think I'm nit picking but it makes a big difference.

If you sell your FFX shares after it goes Ex-Entitlement for the in-specie distribution, you won't be entitled to participate in the Entitlement Offer.
The EO will have an ex-entitlement date after the in-specie ex date. And it will be based on your FFX shareholding NOT the distributed Leo holding.

The SF Prospectus & Notice of Meeting will only be about the demerger & in-specie distribution and won't even mention the EO.

When we see the Prospectus for the EO, chances are the ex-entitlement date will have already passed (as per LTR demerger/IPO & many others).
The Record/Ex date for that will be for registered FFX shareholders, not LLL shareholders.

Please don't confuse the Ex-Entitlement with the Entitlement offer. I know, same word confusing, ex-entitlement is simply a day or 2 before the Record date because of the T+2 settlement. You need to own the FFX shares on the Record date, so would need to purchase them a day or 2 earlier. The Prospectus will nominate both dates.