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
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- shareholders should get priority
shareholders should get priority , page-2
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