Geez this is getting annoying.....I read the announcement and I think you have to dust of your glasses. It is 2.5 GNL shares for 1 ELL share and 1.6 GNL shares for 1 ELL option. I suggest you read the prevous announcement again.
http://www.asx.com.au/asxpdf/20071122/pdf/315zynzd5y45xb.pdf