Problem
A company had 350 000 ordinary shares in issue on 1 January 2012. On 1 April 2012, it issued 50 000 ordinary at market price On 1 June 2012, it issued 2 shares for every 5 shares held in terms ol'a rights issue. On 1 September 2012, it performed a share split in which 5 shares became T shares.
Calculate the number of shares issued in terms of the rights issue, and in terms of the share split, and calculate the total number of shares in issue at 31 December 2012.