Kinda does as you need to pay to convert.
So essentially you are buying a new share at 35c for every 15 you currently hold.
@Simpleton117 just log on to Automic Share Registry and ensure you are all set for email communication.
You will then get an email with a link (need to enter your postcode to verify) and this unique form with have personalised Bpay details or BSB/Account with a special reference code number to use as the transfer description.
Provided you do Bpay or transfer (be wary of new Osko transfers are held for 24hrs) before the cut off expiry date then the new shares will automatically appear in your Chess Brokerage (eg, commsec, Nabtrade) a few days after the issue date.
After this you will need to manually add in the cost price of 35c for these new shares and it will update your total holding cost average.
