its not just the ci who has the opportunity

IMO the existing investors will have a right to participate in the recap. It would be unlikely that existing holders will vote postively for a new shareholder to come onto the register at a significant dilution unless existing holders themselves can participate in the recap.

The CI will pick up any rights not taken up by existing equity. I also would not be surprised to see a raising through a renounceable rights issue similiar to ABP. ABP had the Kirsh group as their CI however Kirsh picked up little stock as existing holders loved the dilution and heavily invested.

For those who did not have funds to participate they sold their rights on market as it was renounceable.

All of these options are sensible given the high quality of the asset base.