BRIERLEY MOVE
Injunction To Be Sought
VN.Z. Press Assn.—Copyright) SYDNEY, Sept 3. R. A. Brierley Investments,, of Wellington, plans to seek an injunction against the declaration of a final 4 per cent dividend by Hawkesbury Development Company at the annual meeting of the company yesterday. The recommendation of a final dividend was not contained in the notice of meeting which appeared in the company’s accounts for the latest year. The managing director of the New Zealand company (Mr R. Brierley) said after the meeting that the Companies Act and Hawkesbury’s articles of association required that notice of intention to declare a dividend be contained in the notice of meeting. Take-over Bid R. A. Brierley Investments at present has a take-over bid in for 50 per cent of the Hawkesbury Company. Before yesterday's meeting it was stated that the New Zealand company controlled 13.3 per cent of Hawkesbury’s capital. After the meeting, Mr Brierley said further acceptances after the meeting had raised the percentage of control. Mr Brierley previously announced that Hawkesbury Development would be used as a holding company for his company’s Australian operations.
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https://paperspast.natlib.govt.nz/newspapers/CHP19650904.2.236
Bibliographic details
Press, Volume CIV, Issue 30847, 4 September 1965, Page 20
Word Count
184BRIERLEY MOVE Press, Volume CIV, Issue 30847, 4 September 1965, Page 20
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