So T+3 settlemt applies to oppie conversion too?
Would be helpful to get some guidance.
In any case a renounceable rights issue is what we were all after- helps the SP in the short run for the oppie conversions (might even bring them forward in order to get the rights attached to the converted heads) and a sign of strong insto support (Stokesy part underwritting too) for the renounced rights take up.
renouncable pro rata offer , page-7
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