​​​ 1. Having considered the various options for funding the organic vineyard at Robinvale, the board of FOW has decided on a mix of debt and equity. In order to raise additional cash for its equity investment in FOW, FWPL decides to issue additional ordinary shares and a new class of preference shares. FWPL would like your advice on the legal rules that govern the proposed offer and issue of new shares in FWPL.