CPH 0.00% 0.9¢ creso pharma limited

So if I read this correctly I will automatically recieve 1share...

  1. 358 Posts.
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    So if I read this correctly I will automatically recieve 1share for every 3 shares held before 1st November? I don't have to apply or do any paperwork. It will automatically get topped up in 2024?

    Is this to protect current shareholders from dilution of sorts or to keep them from downselling and get a bit of positive momentum in the shareprice by getting people to hold?
 
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Currently unlisted public company.

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