Saeed made the following purchases of ordinary shares in Hyban plc:

In June 2019, the company made a 1 for 20 rights issue at £1.50 per share and Saeed took up the shares which he was offered.
Calculate the chargeable gain arising in November 2023, when Saeed sold 1,260 shares at £3 each. Assume that no further shares were acquired within the following 30 days.