I think bund1234 is correct.
If I recall option providers will attempt to adjust an option to the equivalent of the theoretical ex entitelemnt price if for instance bonus shares are issued.
Don't think cfd providers do this. In any event the rights entitlement cannot be traded and is worth nil unless it is taken up.
Very impressive investor presentation by Riversdale here:-
Riversdale capital raising presentation
Ann: Entitlement Offer and Placement , page-6
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