I reckon the process is archaic and to the detriment of Aussie...

I reckon the process is archaic and to the detriment of Aussie holders. All Australian shares will become unlisted and you will be given a certificated holding. If you want to sell, the certificate has to be sent to the UK first. Always said management were taking the pi$$ and didn't care about shareholders. Now they have run the cash down and are (effectively) abandoning Aussie holders. I would also hazard a guess that certificated unlisted Aussie holders could not participate in capital raisings...but that is just a guess.