Company Newt HERALD AND WEEKLY
1 For 2 Bonus Issue . (N.Z. Press Association) WELLINGTON. Nov. 13. Directors of the Herald and Weekly Times. Ltd., Melbourne, are recommending a bonus share issue on the basis of one for two held on November 22. An extraordinary meeting has been called for December 9 to consider the proposal. Nominal capital will first be increased from £6 million to £lO million. Paid capital at present comprises £400.000 in preference shares and £3.828,580 in 5s ordinary shares. The issue will amount to £1,914.290 and will be financed from the share premium and revaluation of assets reserves. Directors will also seek authority to allot, at a premium to be decided. £125,000 of ordinary shares to employees. Recommended final dividend is Is. making Is 4Jd or 27J per cent (unchanged) for the year. The dividend is payable on December 9 ex November 23.
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Bibliographic details
Press, Volume CII, Issue 30288, 14 November 1963, Page 27
Word Count
146Company Newt HERALD AND WEEKLY Press, Volume CII, Issue 30288, 14 November 1963, Page 27
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