Here you go Dangar:-XE ex entitlementXE first displays for a...

Here you go Dangar:-


XE ex entitlement
XE first displays for a security from the morning of the Ex Entitlement date (generally four business days before the record date) and remains until the close of business on application's close date. Trading in securities displaying XE on ASX Trade does not carry the right to securities in the entitlement issue. For more information refer to the description of cum entitlement. All orders are purged at the end of the trading day prior to the security being quoted on an XE basis.

All trading done while the securities are quoted XE will not entitle these new investors to take part in the offer.

I think (personal opinion of course) that it is the company's way of raising a bit of cash whilst rewarding those who have stuck with it. Seriously if these can't be excersised between now and Nov 2014, I will eat my stock certificates AND post the video on YouTube !

Cheers