EPS

Hi,

Can someone explain to me how in this question:

Svetlana had in issue at 1 January, 2009 5,000,000 $1 equity shares.
On 1 August, 2009 Svetlana made a 1 for 4 rights issue at an exercise price of $3. The mid-market price immediately before the rights issue
was $4.
Earnings for the year available to equity shareholders was $3,000,000, and 2008 disclosed EPS was 54c

The answer shows number of shares at 01.08 as 6,250,000. I make it 6,125,000

The way I am calculating also seems to be backed up on the following page which states that “if an entity had 400,000 shares in issue, and made a 1 for 8 bonus issue, then after the issue, there would be 450,000 shares
in issue.”

Please can someone help as I don’t want to be making a silly mistake in the exam.