A. G. Sec To Make 1:10 Cash Issue
(N.Z. Press Association) AUCKLAND, May 8. Associated Group Securities, Ltd, the Auckland financier and land developer, will raise $61,600 by an issue of $1 share* at par in tbe ratio of one-for-10. It will be the company’s second issue within a year. A par issue, also in the ratio of one-for-10, was made in October last year. Thio followed iaaiiea of one-for-three in November, 1966; one-for-four In April, 1965; and one-for-flve in January, 1964, all at par. The lateat issue will be
made on holding* a* at May 9, . and the new shares are payable in full by June. They will not take part in the dividend for the six month* to July 31, which is payable in October, but they will rank fully for all subsequent dividend*. The issue has been underwritten by Jordan, Sandman, Smythe and Company, member* of the Auckland Stock Exchange. The issue and the placement of 22,400 aharea to be made at a premium of 12c a ahare, announced in April, will lift paid capital of $700,000.
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Bibliographic details
Press, Volume CIX, Issue 31983, 9 May 1969, Page 6
Word Count
180A. G. Sec To Make 1:10 Cash Issue Press, Volume CIX, Issue 31983, 9 May 1969, Page 6
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