Bling Ltd was registered on 1 March 2021 with the following authorised share capital: - 900 000 Ordinary shares (Class A) - 400 000 9% preference shares of R5 each (Class B) The following transactions took place for the financial year ended 28 February 2022: 2021 3 March 11 March 10 May 1 June 8 June 2022 21 January The company offered 100 000 ordinary shares at R2,00 each and 20 000 9% preference shares to the subscribers to the memorandum (founders of the company). The founders took up the offer in full and paid for the shares immediately. The company offered 200 000 ordinary shares at R2,00 each to the public. The closing date for applications was 10 May 2021. Applications for 210 000 shares were received from the public with application monies and the regulatory application documents. Shares were allotted to successful applicants. Unsuccessful applicants were repaid. Directors presented a proposal to declare a dividend of 10 cents per share payable on 28 February 2022. Shareholders approved the proposal at the annual general meeting on 21 January 2022. 28 February The dividends were paid as approved.