*19.11 Steven made the following purchases of ordinary shares in Convex plc:

Date No of shares Cost

£

9 May 2002 2,000 8,000 28 November 2005 500 2,500 In February 2010, Concave plc made a takeover bid for Convex plc, offering the Convex shareholders two Concave shares plus £2 in cash for every Convex share. The offer was accepted on 21 February 2010 when the market value of shares in Concave plc was £4 per share. Compute Steven's chargeable gain or allowable loss.