What to do - AGY Rights for Rookies, page-3

Check out section 6 of the prospects -

ACTIONS REQUIRED BY ELIGIBLE SHAREHOLDERS6.1 What you may doAs an Eligible Shareholder, you maya) subscribe for all or part of your Entitlement (see section 6.2);
(b) subscribe for all of your Entitlement and apply for Shortfall Shares (see section 6.3);
(c) sell all of your Entitlement (see section 6.4);
(d) take up part of your Entitlement and sell the balance (see section 6.5);
(e) take up part of your Entitlement and transfer the balance other than on ASX (see section 6.6);
or(f) allow all or part of your Entitlement to lapse (see section 6.7