no, 5/5 is for the 10.33:1 rights issue (right to buy 1 LLL for 70c for every 10.33 FFX you own at closing of 5/5)
6/6 is for the 1.4:1 inspecie distribution (free 1 LLL for every 1.4 FFX you own at closing of 6/6)
You can then sell from 7/6 open
LLL Demerger and Offer - Consolidated Thread, page-26
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