Ekon Limited Ekon Limited was incorporated on 1 January 2022 with an authorised share capital comprising 100 000 no par value ordinary shares. On 31 March 2022, the company purchased the following assets from Pawn Shops: Equipment R10 000 Delivery Vehicle R33 000 Inventory R35 000 These purchases were paid for with the issue of 30 000 no par value ordinary shares. On 30 June 2022, the company offered a further 50 000 ordinary no par value shares to the public at R3 per share. On 31 July 2022, applications and the necessary funds were received for 55 000 shares and the directors decided to issue the shares available and return all excess applications. Commission of 2% on total issue price was paid to the underwriters.