In August 2011, Winston bought 8,000 shares in Hex ico plc for 24,000. In October 2017 Zardac

Question:

In August 2011, Winston bought 8,000 shares in Hex ico plc for £24,000. In October 2017 Zardac plc made a takeover bid for Hex ico plc, offering the Hex ico shareholders three shares in Zardac plus £1 in cash for every two Hex ico shares. The offer was accepted on 29 October 2017 when the market value of shares in Zardac plc was £5 per share.
Compute Winston's chargeable gain.

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