Andy reported a basic earnings per share figure for the year ended 31 December 20X5 of 45p.

During the year ended 31 December 20X6, Andy made a 1 for 4 rights issue at a price of 1.80

when the market price of the shares was 2.00 each.

Required:-

Calculate the restated comparative basic earnings per share figure for Andy as reported within the

financial statements for the year ended 31 December 20X6? (to one decimal place)