Lexis Limited, a software development company is contemplating the acquisition of Nexis Limited by means of a share issue. The combination of the two firms' operations will result in economies of scale and the additional value generated is estimated to be R72 000 000. It was agreed that the purchase consideration for the Nexis Limited acquisition should be based on an exchange of 1.2 shares of Lexis Limited for each share of Nexis Limited.

Key acquisition data is detailed below:

Company	Company No. of shares	Price per share	Earnings after Tax
Lexis Limited	18,000,000	R32	R26 000 000
Nexis Limited	13 200 000	R28	R19 000 000

2.2 Calculate the total number of shares in the proposed acquisition.