BRAMBLES’ ISSUE
One-for-10 At Premium
(N.I. Preu Association) WELLINGTON, Aug. 28. Directors of Brambles Industries, Sydney-based holding company, have decided to raise additional capital by the issue of 5s ordinary shares at a premium of 7s fid each making a total cost of 12s 6d a share. Stockholders will be entitled to participate on the basis of one share for each 10 stock units.
In the absence of any unforseen circumstances directors expect to maintain dividend at the existing rate of 15 per cent per annum on capital increased by the proposed issue. The shares to be issued will not participate in the final dividend payable on October 29 but In all other respects will rank equally with the existing stock units of the company. Consolidated net profit of the Bramble group for the year ended June 30 was, subject to final audit, £892,974 compared with £721,440 for the previous year. Ex rights date Is October 16.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650830.2.185.2
Bibliographic details
Press, Volume CIV, Issue 30842, 30 August 1965, Page 17
Word Count
157BRAMBLES’ ISSUE Press, Volume CIV, Issue 30842, 30 August 1965, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in