That would drop to 3.3 percent if an extra 6.9 million shares, set aside in case of strong demand, were sold.
But the extra shares in issue knocked earnings down from 27p to 24.6p.
Diluted for the extra shares issued as rights, earnings per share grew from 16.6p to 20.0p.
Word had gotten around that we'd pigged an extra share of the goodies.
That'll mean issuing one extra share for every three existing shares.
A rights issue is when a company gives existing shareholders the right to buy extra shares.
So for every game you win, you get an extra share.
Plus, the champion gets one extra share, instead of getting the same as the runner-up.
Sears held the right to sell an extra 122 million shares if demand seemed strong.
Millions of extra shares will flood the market, but this shouldn't deter investors.