PT Limited is a public limited liability company with its ordinary stock listed on the Accra Stock Exchange with secondary listings on the Cape Coast Stock Exchange and Kumasi Stock Exchange. The company's Directors are considering offering new shares of the company's ordinary stock to existing shareholders for cash. However, there is contradicting view on how to issue the shares. The Chair of the Board, Ms. Mabel, suggested that shareholders should be given the right to subscribe to shares in proportion to their current shareholding. The CEO, Mr. Asiedu, said that each shareholder should be given a chance to subscribe to any number of shares. Required:
i. What method of share offer is Ms. Mabel suggesting to the Board? Why do you think so?
ii. What method of share offer is Mr. Asiedu suggesting to the Board? Why do you think so?
iii. Would you describe the offer of the Directors as a primary market transaction or a secondary market transaction? Explain in a few words.