I've had a couple of single malts by now, but I believe it's correct to say that for each additional share that you buy under the 1 for 7 offer,you will be provided with 2 free options for each additional share that you purchase under this offer, which you can exercise at 13.5c/share,with an expiry date of 2 years from date of entitlement.
In other words,if you have 100,000 shares pre ex date, you'll be entitled to purchase an additional 14,285 shares @8cents,dividing this amount by 2 gives you the option of at any time in the future (maximum 2 years)buying an additional 7,142 shares at an exercise price of 13.5 cents/share.
Hope that clears that up.
A.I.
Ann: Entitlement Offer Prospectus, page-24
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