If you look at the WHL sens it spells out the deal, but, in essence shareholders have been allocated NPL which had to be taken up last Friday or the letters lapsed. I hold WHL in my private portfolio and have taken up my shares as they are priced at a discount to current trading prices (Price is R 60 and some change per share) so once they list these shares they will ranks with the current ordinary shares. One can expect the price of WHL to drop a bit as there will be more shares in circulation but I think it is already in the price as they are trading at about R 71.00