Lisa (37 years old) is a qualified surveyor and she has been doing part-time work for
Purple Rain Construction (PRC). Her big dream however is to work for PRC permanently.
On Lisa's 21st birthday, she received 5 000 shares in Leaf Capital Holdings (LCH) from
her mother, as a birthday present. The share price on that date was R5 per share.
Lisa has a friend, Simon. Simon owns shares in PRC. Lisa has always wanted to own
shares in PRC because, as a shareholder, she will be able to do more extensive work for
PRC. After discussions with Simon, she swapped 1 000 of her LCH shares for 1 000 of
Simon's PRC shares on 5 February 2023.
The share price of both the PRC and LCH shares was R15 per share on the day of the
share swap.