The issued share capital of TLM (Pty) Ltd on 1 March 2024, consist of:

All the ordinary shares were originally issued at R5

each no additional shares were issued up to the beginning of the current

financial year.

During the current financial year ended on 28

February 2025, a further 35 000 ordinary shares were issued. At the end of

the current financial year the directors decided to make a capitalisation issue

of one ordinary share for every three ordinary shares held at R3 per share.

Required:

What

is the number of capitalisation shares issued during the 2025 financial year?