Case Study Meet John. John has an idea for a new business, delicious ice cream that's healthy enough to eat anytime of the day. He saved his money in the bank, earned interest, and used that to start his business which goes by the name John Ice Cream Ltd. John tests the market, and BOOM, his product is a hit. In fact, there is so much demand he can't fill ice cream cones fast enough; the business is growing. John needs to hire people to help him produce, sell, and deliver his ice cream. He needs more ingredients from his suppliers, like the fruit sellers and the cone bakers. John doesn't have the money to pay for all of this right now, but according to his business plan and test market results, hes going to make millions in the first year. After 5 years the company has a surplus of $4.5bn and wishes to take advantage of short term investment instruments. After trading on the stock exchange for 5 years, an institutional investor purchased 10 million shares in the company at the market price of $55 per share. At the time when the share was purchased, the total value of the equity shares was $ 10m and the par value was $0.40.

1. Calculate the shareholding of the institutional investor in John Ice Cream Limited.

2. What were the capital gains per share on the companys share price and what were the sale proceeds from the disposal of the share to the institutional investor?