BANK OF N.S.W.
Cash Issue Planned (N.Z. Press Asm.—Copyright) SYDNEY, Sept 3. The board of directors of the Bank of New South Wales has decided to recommend that the bank’s capital be increased by 4,390,000 new 20s shares. The recommendation will be submitted to the ordinary general meeting on December
17. The new shares, at a premium of 10s each, will be offered in the first instance to shareholders on a one-for-five
basis. The recommendations are also subject to consent by the capital issues authorities in New Zealand and Britain. If the move is approved, it is proposed to close the share registers for assessment of rights on January 14 next year, and the issue will close on April 1. This would enable the new shares to participate in dividends as from April 1 next year.
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Bibliographic details
Press, Volume CIV, Issue 30847, 4 September 1965, Page 20
Word Count
136BANK OF N.S.W. Press, Volume CIV, Issue 30847, 4 September 1965, Page 20
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