Example:
U hold 1000 on Record Date - 19th Dec
U will get 615 FPOs at 0.02.
For every 2 FPOs you get at 0.02 u will be allotted 1 free option that expires in 2018.
So, for 615 FPOs, you will get 308 options "for free" that has an expiry of 2018.
If you wish to convert them to FPO between the allotted day and expiry day the conversion is at 0.05.
So you pay 308 X 0.05 and you will get 308 FPOs.
FPO = Fully Paid Ordinary and that is ASX code PEN.
Retail entitlement offer., page-6
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