RE: Advice9 Oct 2020 13:31
To find the theoretical ex rights price (TERP) or diluted price as you call it, just find the average of 3 shares at the pre-rights market price and 10 shares at 32p. So for a pre-rights price of £3, the TERP will be {(3x3)+(10x0.32)}/13=0.94, so 94p.