G'day, Rubyjon.
The G88R are the Renounceable Rights you will have qualified for by holding G88 shares as at the Record Date.
Assuming there are takers, "Renounceable" means you will be able to buy or sell them for a short time (about a fortnight) on-market under the code "G88R", independently of the G88 Ordinary shares and options already listed.
As the name implies, the Rights give you the right, but not any obligation, to take up new G88 shares with free attaching options as per the Offer.
The offer is as set out below:
OFFER
For a partly underwritten pro-rata renounceable entitlement issue of two (2) New Shares for every five (5) Shares held by those Eligible Shareholders registered at the Record Date at an issue price of $0.016 (1.6 cents) per New Share, together with one (1) free attaching New Option for every two (2) New Shares issued, to raise up to $1,309,374 (based on the number of Shares on issue as at the date of this Prospectus and assuming no Options are exercised prior to the Record Date) (Entitlement Offer).
The New Options have an exercise price of $0.035 (3.5 cents) and will expire on 30 June 2025. Refer to section 5.2 of this Prospectus for the terms and conditions attaching to the New Options.
So, divide your existing holding in G88 shares by 5 and multiply by 2, and that's how many Rights you will be offered.
You can choose to take them up at 1.6c/Right, to receive a share plus half a free option.
So, for example, if you held 100,000 shares at close on Friday, you will be offered 40,000 Renounceable Rights, which you could take up for $640 (40,000 x 1.6c), and receive those additional 40,000 shares, plus 20,000 options.
Alternatively, you may be able to sell all or part of the Rights offered to you. That's where the G88R listing comes in.
Hope that helps.
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