Ann: A$41.5m Placement, page-53

Hi @callumwsmith. Unless you're one of the new shareholders that was issued ARU shares at 26.5c in the placement, you won't get access to the one free-attaching option that comes with each 2 shares purchased. The 26.5c shares (156.7 million of them) will be issued on 12/8, tradeable thereafter. The 78.4 million free options will be issued some time after 22/8. When issued, an option holder can convert their options to shares by paying ARU 34c for each option, allowing ARU to bank up to 78.4 million x $0.34 = $26.66 million inside 18 months of the issue of the options.