A.N.Z. CAPITAL MOVE
Bonus Issue To Shareholders (N Z.P.A. -Reuter—Copyright) LONDON. January 10. An extraordinary general meeting of the Australia and New Zealand Bank, Ltd., in London today carried a resolution approving proposals for the reorganisation of the capital of the bank, the bank reported. These proposals were designed to eliminate the liability of the bank’s partly paid shares, to consolidate all shares into one class, and to increase the bank’s paidup capital to £11.000.000 by means of a bonus issue to shareholders. Shareholders* confirmation of these proposals by the High Court was now being sought. A final dividend of 8 per cent, on the paid-up capital, making a total payment of 12 per cents for the year, less income tax at the standard rate of 7s 9d in the pound, was declared.
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Bibliographic details
Press, Volume CI, Issue 29719, 12 January 1962, Page 12
Word Count
133A.N.Z. CAPITAL MOVE Press, Volume CI, Issue 29719, 12 January 1962, Page 12
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