"eligible shareholders are invited to subscribe for 1 new Arrium ordinary share for every 1 existing Arrium ordinary share (entitlement) held as at 7.00pm (Sydney time) on Thursday, 18 September 2014 (Record Date)"
Take care. If you want more entitlements it might be cheaper to buy them directly. If you don't want your entitlements you can sell them for a few cents maybe, or wait to see if you get anything out of the retail shortfall bookbuild. If you want out of your ARI position, you might be better to wait until after 30 September when entitlement trading ends.
You'll count "might" so often in that previous paragraph that I should change my name to "Mighty Tadpole". I don't know anything... I'm guessing. You'll have to make your own decisions.
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