Motor Traders Bonus Issue
(New Zealand Press Association) AUCKLAND, October 12. Motor Traders (New Zealand), Ltd., Auckland, pro- c poses to subdivide its ordinary and B ordinary £1 shares into 5s units and to make a bonus issue of C ordinary 5s j shares from reserves. Authorised capital will first be increased from £300,000 to £750,000. The bonus issue, which will f be made by capitalising £50,000 of profits derived before July 31, 1957, will be made in the ratio of one new 5s share for every five ordinary or B ordinary shares held at November 4.
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Bibliographic details
Press, Volume XCIX, Issue 29334, 13 October 1960, Page 19
Word Count
97Motor Traders Bonus Issue Press, Volume XCIX, Issue 29334, 13 October 1960, Page 19
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