Tirwen plc _ dec 2004

I assume that you are referring to part (b) of the question. The owner has 1,000 shares. There is a 1 for 5 rights issue and therefore they are entitled to take up 1/5 x 1,000 new shares. Have you watched my free lectures on this? The lectures are a complete free course for Paper FM and cover everything needed to be able to pass the exam well.

Got it sir, thank you so much.

You are welcome :-)