Wrong again. If they have a dual listing then by definition...

Wrong again.

If they have a dual listing then by definition there are two (hence the dual part) companies. Given that we are talking about Australia and the US here, the company would then be based in both Australia and the US.

"From my experience - the OTC would not qualify for the new shares. I don't know about the others." The LNGLY OTC shares are OTC ADR holdings. You own the rights to own LNG.asx shares. If the LNGLY OTC holders aren't treated the same as the LNG.asx holders then the solution for LNGLY OTC holders would be to convert their LNGLY OTC holdings to LNG.asx shares. Therefore by definition LNGLY OTC holders will have at least as many rights as LNG.asx share holders.