With the current share price does anyone believe the condition...

With the current share price does anyone believe the condition “subject to a minimum of 50% acceptances by Eligible Shareholders” will be met.
What happens if it is not met?

Anyone. Maybe Vespasian03 can help out here?

“John Dunlop, Ian Gandel and Tony Lethlean (being the non-executive Directors) and their associated shareholding entities have indicated that they will take up all of their Entitlements under the Offer, subject to a minimum of 50% acceptances by Eligible Shareholders (including the applications from all Directors and their associated shareholding entities). Stephen Johnston (managing director) and his associated shareholding entities have indicated that they will take up part of their Entitlements under the Offer, subject to a minimum of 50% acceptances by Eligible Shareholders (including the applications from all Directors and their associated shareholding entities). However, Directors will not subscribe for any Additional New Shares as such issue would require shareholder approval under the Listing Rules.”