Ann: ASX Circular - Non Renounceable Entitlement , page-4

re: Ann: ASX Circular - Non Renounceable Enti... WW - surely this could have been structured so that ACN holders could have had a scrip for scrip option (option B) to save CGT, and possibly avoid the need for a cap raise.

I'm surprised an option B wasn't provided to cover this. Option B may have got DLS a slightly lower price with investors being able to avoid CGT. The cash offer would have anchored the scrip for scrip pricing.

Too late now to think about it! Yes - seems dumb to me too.