They made the entitlement (rights) non-tradeable and non-transferable. For a few weeks retail shareholders have a somewhat decreased original holding value and an entitlement that is now has a value approximately double the value of the remaining listed share holding.
Shareholders receiving the entitlement need to either cough up quite a bit of cash or hope that the retail book-build occurs at a good price. Who know's what will happen in the book build because the institutional one had a poor clearing price and those institutions that passed must be kicking themselves just a little bit now.
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