Hi Shuntergirl In a nutshell the company is raising money by...

Hi Shuntergirl

In a nutshell the company is raising money by selling cheap shares to existing shareholders.

The offer is to buy 1 new share for every 7.6 shares held. This is your "right" if you are an existing shareholder at the record date (hence it is a "rights" issue). The price is 36 cents per share that you buy.

If you are invested through Self Invest you will get an email notifying you about the rights issue but you wont get any paperwork sent to you as the super fund is actually the shareholder. For information about the offer, the Retail Entitlement Offer booklet should be
released tomorrow morning and you could download it here or at asx.com.au.

If you decide to take up the offer you click on "Invest" then scroll down "Corporate Actions" then click on the "i" next to the "PLS rights issue" and follow the prompts. The deadline is 3 January. Note that the deadlines in Self Invest are always earlier than the actual retail deadline.

I got my email at around 2pm today and I can see the rights in my list of holdings but I can't elect yet as they are having a technical problem at the moment and the election screen is just blank when I click on the "i". Q Super said it will be fixed over the weekend - no big deal as the offer is open for a few weeks.

Hope that helps.