An there are of course people who have sold shares to pay for their entitlement.
Say you have 600,000 shares.
Sell 100,000 shares for 16.5 cents, the remainder 500,000 shares entitles you to 100,000 shares at 15 cents.
In other words the exercise gives you $1,500, or 25 bottles of whisky, or 9,000 shares at 16.5 cents
Ann: Rights Issue to Fund Accelerated Development of Ungani, page-118
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