Saeed made the following purchases of ordinary shares in Hyban plc: Date 24 August 1987 25 November
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Saeed made the following purchases of ordinary shares in Hyban plc:
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Date 24 August 1987 25 November 1992 26 February 1998 11 October 2007 No of shares 800 1,200 1,600 400 Cost 960 1,440 2,400 800 In June 2014, the company made a 1 for 20 rights issue at 1.50 per share and Saeed took up the shares which he was offered. Calculate the chargeable gain arising in November 2017, when Saeed sold 1,260 shares at 3 each. Assume that no further shares were acquired within the following 30 days.
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