"The maximum number of Shares that may be issued pursuant to...

"The maximum number of Shares that may be issued pursuant to this Offer is 23,529,412. In the event of an oversubscription by the Closing Date the Directors may, in their absolute discretion, scale-back all applications on a prorata basis.

If the Company rejects or scales-back an application or purported application, the Company will promptly return to the shareholder the relevant application monies, without interest."

Looks like it'll be a scale back on a pro-rata basis, as per the release this morning... not first in best dressed in this case...