MERGER WITH BORAL
Preparations By H. C. Sleigh' (N-Z. Press Assn.— Copyright) MELBOURNE, Oct. 10. Preparing far its merger wMh Bitumen and Oil Refineritt (Aust.), Ltd., H. C. Sleigh, Ltd., petroleum marketers, shipper and shipping agent, plans a £lom increue in nondaal capital to £3om The group win also call up £2m over a five-yeec period on the 10m deferred rt ß” class shares owned by Oaftex making them fully paid to ss. The proposed big nominal capital Kit is the first definite sign that Sleigh will probably be the vehicle for the merger with Boral, This and the other proposals will be included in a series of amendments to the company’s articles of association. They will be put to shareholders at the annual meeting on November 1. The capital proposed involves creating another 40m 5s ordinary shares.
Business Personal
Mr L. H. I. Watson, general manager of the Northern Building Society, has been appointed to the council of the International Union of Building Societies. It is the first time a New Zealand delegate has held this office. Mr S. Milne, of the Royal Exchange Assurance Corporation, Ims retired after 45 years’ service with that office. A presentation was made to Mr Milne at a farewell function arranged in hie honour.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19621011.2.226.11
Bibliographic details
Press, Volume CI, Issue 29950, 11 October 1962, Page 25
Word Count
211MERGER WITH BORAL Press, Volume CI, Issue 29950, 11 October 1962, Page 25
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