PUBLIC ISSUE BY MARINA PROJECTS
(New Zealand Press Association) AUCKLAND, June 16. Marina Projects (N.Z.), Ltd, Auckland—an off-shoot of Unit Subdivisions, Ltd—will float to the public with an issue of 394,000 50c shares at par. In addition, 300,000 will be issued to Unit Subdivisions.
The balance of the $350,000 paid capital will be made up by the issue of 6000 qualifying shares to the directors. The first project of the new company will be the Half Moon Bay marina for 430 boats, with a commercial setup including parking facilities for more than 600 cars. For this purpose Marine Projects will have a subsidiary, Half Moon -Bay Marina. Ltd, in which it will hold all 50,000 50c ordinary shares. In addition, this subsidiary will offer boat owners 450 B shares of $6OO each. These will be transferable and will give the holder a right to a berth. These shares, however, will not receive dividends, and will not have voting rights. Shareholders of Unit Sub-
divisions will be given preference in the issue by Marina ! Projects. 1 Applications must be for a < minimum of 200 shares. 1
The issue will open on June 30 and closes on a date to be set by the directors. Stock exchange listing of the shares will be applied for.
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Bibliographic details
Press, Volume CIX, Issue 32016, 17 June 1969, Page 19
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213PUBLIC ISSUE BY MARINA PROJECTS Press, Volume CIX, Issue 32016, 17 June 1969, Page 19
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