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Zorluk: OrtaBonus and Rights Issues

Sterling Heights Plc has an issued share capital of 2,000,0002,000,000 ordinary shares of ₦0.50\text{₦}0.50 each. The company makes a rights issue of 11 new share for every 44 ordinary shares held at an issue price of ₦0.75\text{₦}0.75 per share. If all rights are fully subscribed and paid for, what is the total cash proceeds raised from the rights issue in Naira?

Cevap: 375000 ₦

Cevap

The total cash proceeds raised from the rights issue is ₦375,000.
To determine cash proceeds from a rights issue, first compute the number of new shares created by dividing the total issued shares by the ratio factor (2,000,000 / 4 = 500,000 shares). Then, multiply this quantity by the offer price of ₦0.75 per share to get ₦375,000.

Adım Adım Çözüm

1
Calculate the total number of rights shares issued
500,000 shares
The rights issue gives shareholders 1 new share for every 4 existing shares held (2,000,000 ÷ 4 = 500,000 shares).
2
Calculate total cash proceeds from the issue
₦375,000
Multiply the number of newly issued rights shares by the issue price per share (500,000 shares × ₦0.75 = ₦375,000).

Anahtar Kavram

Calculation of cash proceeds from a rights issue
Tahmini Süre:1m 30s
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Konular

Bonus and Rights Issues

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