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MikeLittle.
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sj626
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Dear tutor,
I don’t understand one sentence about the last note “in December 2009,there was a further issue at full market price”.would you tell me what’s the meaning about it.
MikeLittle
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No problem. It means that in December 2009 the company made a further issue of shares ( to the public) at a cost to the public of the full ( pre-issue ) market price of the existing shares
Better?
sj626
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OK, But well,what’s the function of this sentence/ what does it play in here?
MikeLittle
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It means that the number of shares in issue increases with effect from the date of issue but there is no fraction to apply in the fraction column. Thus, the weighted average number of shares in issue will increase and that affects the earnings per share calculation
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