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2. Zoe purchased 2,000 shares in XYZ Ltd on 16 April 1995 for £10,000. In addition she
acquired 1,500 shares in the company on 30 April 2009 for £18,000, and 500 shares on
31 May 2009 for £7,000. On 10 February 2015, Zoe bought a further 200 shares in XYZ
Ltd for £3,600. Zoe sold 3,500 shares in XYZ Ltd on 31 January 2015 for £70,000.
3. In June 2009, Marie purchased 2,000 ordinary shares in Black Ltd for £5,000. In July
2010 Black Ltd was taken over by Red plc, and Marie received 2 ordinary shares and 1
preference share in Red plc for each ordinary share in Black Ltd. Immediately after the
takeover the ordinary shares in Red plc were valued at £2 and the preference shares in
Red plc were valued at £1. In December 2015, Marie sold all her holding of ordinary
shares in Red plc for £11,000.