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Jeep Ltd had 30 000 shares in issue on 1 January 2022. On 1 October 2022 Jeep Ltd had a rights issue of 1 share
Jeep Ltd had 30 000 shares in issue on 1 January 2022. On 1 October 2022 Jeep Ltd had a rights issue of 1 share for every 3 shares held. The exercise price was N$4 when the fair value immediately before the rights issue was N$5. All the shares offered in terms of this rights issue were taken up. Required: Calculate the weighted average numbers of share for 31 December 2022 financial year as well as the adjusted for 2021.
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