Question 5
Jumbo Plc has reported a profit after tax of £2,187,500 for the year ended 31st December 2020. On 1st January 2021 Jumbo Plc’s issued share capital comprised of 400,000 £1 ordinary shares. On 1st May 2021 Jumbo Plc made a 1 for 5 rights issue at £1.50 per share. The market value of the shares just before the rights issue was £4.50 per share. As at the 1st November 2021 Jumbo Plc issued a further 150,000 ordinary shares at the full market price.
YOU ARE REQUIRED TO:
Calculate EPS for Jumbo for the year ended 31st December 2021.
Calculations should be done to the nearest whole number where applicable.