I may be wrong here but in my understanding we have two separate beasts being confused. Firstly we had a "non-renounceable rights issue". Now we have a "share purchase plan" (spp). Both are different. I believe that what the guide is referring to is that if there were to be another spp within 12 months of this one or if there had been a previous spp less than 12 months ago then you would only be entitled to a maximum of 15k worth of shares. The shares purchased on the "rights issue", as I understand it, do not come into the equation. I may be barking up the wrong tree so do you own research.
Good luck and good buying.
BLY Price at posting:
$3.05 Sentiment: None Disclosure: Held