Been doing some reading I haven't been through one of these...

Been doing some reading I haven't been through one of these before so can I check if my understanding is correct. Timetable below:






From this I take that we have to submit application by post, with the form by the 19th July. With the attached $0.28 free options with every 2 new shares purchased, am I right in saying they cannot be sold until the share price reaches $0.28 and this expires on 28th July 2019? I suppose it makes sense to take up these shares at a discounted price to avoid dilution for existing stockholders.