On 31 December 2018, the capital structure of a company is 400,000 ordinary shares of OMR 1 each. In January 2019 Company made a right issue of 1 for every 4 shares at a price of OMR 1.300, whereas the market value of the share was OMR 1.500. 35 % of the shareholders rejected this offer. What is the total amount of share premium after the right issue?

a.

OMR 19,500

b.

OMR 29,500

c.

OMR 9,500

d.

OMR 40,000