Details out - for holder it is a 4:1 non renouncable rights...

Details out - for holder it is a 4:1 non renouncable rights offer.

Interesting thing in this is the detail that the record date will be 12 November. Normally that would indicate a suspension of trading on the stock until next trading day - 15 November, by which time the placement shares will be done and dusted.

Looks like an orderly cap raising with a slightly better deal for existing holders than instos.

All in all, not a bad result.