LPD 0.00% 0.2¢ lepidico ltd

Can someone please explain how rights commence trading today...

  1. 1,430 Posts.
    lightbulb Created with Sketch. 299
    Can someone please explain how rights commence trading today 25thMay when the "Proposed Issue of Securities" Ann states ...
    "3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue Friday May 28, 2021"

    We do not yet have any rights to commence trading with - What am I misunderstanding here?

    GLTAH
 
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