Weighted average number of shares outstanding, partly paid

Nov 8, 2013
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Question 60 On a 1 July 2014, Mayorga Ltd has 3 000 000 ...
On a 1 July 2014, Mayorga Plc has 3 000 000 ordinary shares on issue at the beginning of the year. During the year the movements in the company's outstanding ordinary shares are as follows:
On 1 August 2014, a rights issue of 600 000 ordinary shares at current market price of €2.50
On 1 March 2015, 200 000 partly paid-up ordinary shares were issued at an issue price of €3.50. These shares were partly paid to €2.00. The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price.
What is the weighted-average number of shares for Mayorga Plc for the year ending 30 June 2015 that is in accordance with IAS 33 Earnings per Share?

3 800 000
None of the given answers.
3 614 286
3 549 042
3 587 242

I don't really know which part of the partly paid shares I need to use in my calculations. The €2 or the €1.50?

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