IPL 0.69% $2.86 incitec pivot limited

entitlement offer 5 for every 13 at $2.50, page-2

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    i am a real beginner , can some one expliain this to me in lay terms. if i dont take up the shares what happens, and does this maen the share price will go down to the 2.15 or whatever mark. and does that mean i have to by the shares at this 2.15 rate
 
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