What was the value of Guinness/GrandMet shares on 31 March 1982?
The market value of a Guinness Ordinary share was 38.25p after adjustment for the one for one capitalisation issue on 17 October 1991. The market value of a GrandMet Ordinary share was 213p. This value should be adjusted for the effects of (I) subsequent rights and capitalisation issues (ii) the sub-division of the shares in 1992.