1 Jan 20X1: 5,000,000 ordinary shares 31 Jan 20X1: Right issue (1 for 4 at $1,75). The cum rights price: $2/share 30 June 20X1: Issue at full market price of 125,000 shares 30 Nov 20X1: Make 1 for 10 bonus issue
Profit for the year: $ 2,900,000 EPS for the year ended 31 Dec 20X0: 46.4c