Buntings Issue Of One For 11
(New Zealana Press Association) WELLINGTON, September 15. The directors of Bunting and Company, Ltd., brushware manufacturers, Christchurch, propose to offer the shareholders 16,250 ordinary shares of £1 each at a premium of 4s a share on the basis of approximately one for 11. The offer’ wil be made in the first week in November. The approval of the capital issues committee has been obtained. The proposed issue will raise share capital to £200,000, all in £1 ordinary shares. The company has paid an 8 per cent, dividend for the last five years. The net profit of £25,854 earned last year represented an earning rate of 14.1 per cent, on capital. Reserves at February 28 totalled £187,009.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19590916.2.209
Bibliographic details
Press, Volume XCVIII, Issue 29001, 16 September 1959, Page 19
Word Count
122Buntings Issue Of One For 11 Press, Volume XCVIII, Issue 29001, 16 September 1959, Page 19
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in