If you want to buy one additional share you have to buy ONE ELSR (equating to six rights).
I don't know the technicalities of accepting your entitlement first; intuitively it sounds wrong.
You can exercise your rights on the last day - what ever day in early Dec, don't have the information at hand - and get your allocation for the "rights" (1 new for every 6 old shares) which you own and the ELSR (bundled rights; one for one) all at the same time.
They really messed up the terminology here!
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- Ann: RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $8.15 MILLION
Ann: RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $8.15 MILLION, page-78
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1 | 12000 | 0.420 |
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1 | 2000 | 0.405 |
Price($) | Vol. | No. |
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