If you held the share yesterday at close on Tuesday 23 May you will see PPEN in your account. 10.20567 for every 100 Purple shares you held.
Each PPEN (letter of allocation or LOC as some are calling it) entitles you to buy 1 new Purple share at 81c.
If you do NOTHING by 6 June they disappear with ZERO value
Sanlam will take their R45m and of the R105m public offer they will take up to ±R76m of the R105m if nobody else does. Existing large shareholders have promised to take up their rights at ±R28m. So at the end of the day they will get the R105m.