In the event any New Shares are not taken up by existing Range shareholders (Shortfall), the Company proposes to offer those persons who were registered as holders of $1.00 unlisted options (Expired Options), which expired on 1 October 2008 (Expiry Date), on the date of such expiry (Ex-Optionholders), the right to subscribe under the Shortfall for 1 New Share at $0.05 per New Share (with the free Attaching 1 for 2 Option) on the basis of every 2 Expired Options held on the Expiry Date.
If the Shortfall is oversubscribed by the Ex-Optionholders, the Company will use its 15% capacity pursuant to ASX Listing Rules to issue further New Shares (and Attaching Options) to the Ex-Optionholders.
So put simply if you apply for your full entitlement as an 2008 Unlisted Option holder you will receive entitlement in full, Cheers.
RRS Price at posting:
5.5¢ Sentiment: None Disclosure: Held