meaning of the sentence

The subscription price is $24.

Calculation:
Current Price = $20
Premium = 20% of current price = $20 x 20% = $4
Subscription price = current price + premium = $20 + $4 = $24

2013-10-25 07:22:36 補充：
The meaning of issue new shares with the subscription price equal to the $20 current share price plus a 20% premium". is:

"Issue new shares at a price equal to 20% more than the current price of $20."

2013-10-26 22:44:04 補充：
In mathematical terms, the subcription price can be expressed as:
$200 x (1 + 20%) = $200 x 120% = $240.

Again, don't be confused by TOMING88 's absurd answer.
ed-young's answer is absolutely correct.

One meaning of the sentence:-
An attempt to answer only:-
The premium required=$20 x ( 1 + 20/100 )=$2.4-----------should be $24 ?
The subscription price required=$ (20 + 2.4)= $22.4-------should be ?

One meaning of the sentence:-
An attempt to answer only:-
The premium required=$20 x ( 1 + 20/100 )=$2.4
The subscription price required=$ (20 + 2.4)= $22.4