Shareholders will be offered 1 new share for every existing share held at 18 December 2007, at an issue price of 30 cents per share
The offer includes a free attaching unlisted option on the basis of one option for every two shares subscribed for, with an exercise price of 34 cents each and expiring on 31 January 2009.
Some people are getting confused here you don't get one for one your getting a free option with every 2 subscribed shares you buy which expire on 31st January 2009 and the exercise price is 34 cents...
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halcyon group ltd
results of agm, page-14
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