"The Board of Directors has pleasure in announcing the Company’s...

"The Board of Directors has pleasure in announcing the Company’s intent to demerge MobiData-Group Pty Ltd, its 100% wholly owned subsidiary, by way of distribution in specie to shareholders. The demerged entity will have a separate listing on the ASX. Shareholders will receive shares distributed to them in specie in the demerged listed entity, and they will also receive a free attaching option to subscribe for further shares, at an as yet to be set price and terms thereto."

Can someone explain what that means please?

Do we get free shares in the new company with an option to buy more? How many free shares will I get? etc etc

thanks