Hi, can i know how to journalise this?

The 6 percent cumulative preference share are to be cancelled and in return the preference shareholders are to receive one 7 percent preference share of RM1 each and two 24 sen ordinary shares for every two 6 percent cumulative preference shares held. The preference shareholders agreed to waive 50 percent of the preference dividend in arrears and accept ordinary shares of 25 sen for the balance of the preference dividends in arrears.