Guarantee Extended
Ballins Hotels, Ltd., Christchurch, have advised . shareholders that the directors of Ballins Industries, Ltd., have agreed to extend that company’s guarantee of a minimum dividend of 5 per cent to the amounts called and paid up on the ordinary share issue 2s 6d paid made by Ballins Hotels, Ltd., on October 1, 1962. The circular to shareholders says that this ranks equally all the company’s shares issued to the public, and should be of considerable value to the holders of these partly paid ordinary shares should they wish to sell. It is the intention of the directors that the present ordinary shares paid to 2s 6d will, when they become fully paid at some future date, be converted to ordinary A 5s shares.
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Bibliographic details
Press, Volume CIII, Issue 30366, 15 February 1964, Page 16
Word Count
125Guarantee Extended Press, Volume CIII, Issue 30366, 15 February 1964, Page 16
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Acknowledgements
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