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Accounting Paper 1, November 2024, question 3.5.2

Accounting P1 · Companies share capital and equity
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Share information for Dlamini Traders Ltd, financial year ended 28 February 2025: 1. On 1 April 2024, the company had 2 000 000 shares in issue. Peter Dlamini owned 1 100 000 of these shares. 2. On 30 November 2024, every shareholder was offered 1 new share for every 4 shares already held, at a reduced price. 3. All shareholders took up their full rights.
3.5.25 marks
Calculate Peter’s percentage shareholding in the company after the rights issue was completed.

NSCBased on Nov 2024 · Paper 1 · Q3.5.2

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What examiners found

The rights issue ratio was not applied correctly, so the number of extra shares was wrong.

In our words. Source: Department of Basic Education, NSC 2024 Diagnostic Report, Part 1 (Book 1), Q3.5.

Updated