Ann: Acquisition and Capital Raising Presentation, page-11

Personally I think the options are a step too far this time around.
I get why they are doing it but having spent years trying to reduce dilution, long term holders, if they don’t/can’t take up their rights, will be well and truly diluted. With most holding at prices far higher than current, 800M shares will make it challenging achieving a breakeven.
Of course this is better than raising far more and is almost certainly the best way forward. And the reason why the RWD SP is so low is related to this acquisition becoming a possibility.