Dear Sir John, My question is how to calculate dividend capacity required ( Q-3-b -2018). I am not understanding why 90 million is multiplied by 4/3. Please clarify it sir. Thanks
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Dividend Capacity Required (M/J-2018)
6y ago#1Until 3 months ago there were 90M shares in issue. They then had a 1 for 3 rights issue which means they issued another 30M shares bringing the total to 120M shares (which is the same as 90M x 4/3).
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