Rothmans Plans Premium Issue
(New Zealand Press Association) WELLINGTON, November 6. Rothmans Tobacco Company, Ltd., Napier, is making a placement through members of the Stock Exchange, of 729,891 ordinary 5s shares at a premium of 20s a share.
As well, 75,000 shares have been reserved on' the same terms for application by cigarette retailers. The placement, which will raise £1,006,113, has been Underwritten by the Auckland Stock Exchange. Present paid capital of Rothmans is £781,747, including £12,056 in redeemable preference shares. Rothmans shares were granted official listing by the Stock Exchange Association of New Zealand today. The company introduced to the New Zealand market its first brand cigarette in 1957. Recent issues have been a one-for-two bonus issue, then a one-for-one par issue in 1962 and a one-for-two prem-
ium issue this year. The shares were also split from £1 to 5s units this year. Formed in 1955 Rothmans Tobacco Company, Ltd. was formed in 1955 when the Rothmans International group decided to establish a factory in New Zealand. Its holding company in this country, Rothmans (New Zealand), Ltd., acquired 76 per cent of the shares in the National Tobacco Company, Ltd., Napier.
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Press, Volume CIII, Issue 30592, 7 November 1964, Page 20
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193Rothmans Plans Premium Issue Press, Volume CIII, Issue 30592, 7 November 1964, Page 20
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