Using the financial information for Alice Digital Ltd. for the year ended 28 February 2025, calculate the average price of shares on 1 December 2024.

To answer your questions, I will use the financial information provided in our previous conversation for Alice Digital Ltd. for the year ended 28 February 2025.

2.1 Calculate the Average price of shares on the 1 December 2024

Step 1: Calculate total shares in issue by 1 December 2024

• Shares in issue at 1 March 2024: 1,200,000 shares
• Shares issued on 1 September 2024: 200,000 shares
• Total shares in issue by 1 December 2024: $$1,200,000 \text{ shares} + 200,000 \text{ shares} = 1,400,000 \text{ shares}$$

Step 2: Calculate total value of shares in issue by 1 December 2024

• Value of shares at 1 March 2024: $$1,200,000 \text{ shares} \times \text{R}10.00/\text{share} = \text{R}12,000,000$$
• Value of shares issued on 1 September 2024: $$200,000 \text{ shares} \times \text{R}12.00/\text{share} = \text{R}2,400,000$$
• Total value of shares in issue by 1 December 2024: $$$$