Hawkins plans extensions
(N.Z. Press Association) WELLINGTON, Feb. 18. The directors of Hawkins Holdings, Ltd, say that proceeds of the one-for-two cash issue of 50c, at a premium of 60c a share, which will raise $600,000, will be used to provide extensions to the company’s facilities at Mt Manganui and elsewhere. The directors are confident that the company will be able to service this additional capital, and expect that *he final half yearly dividend to March 31 will be no less than 10 per cent (5 cents a share) - on the increased capital, equivalent to 15 per cent on the capital before the issue. The dividend for the year to March 31, 1973, was at the rate of 14 per cent per annum.
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Bibliographic details
Press, Volume CXIV, Issue 33463, 19 February 1974, Page 8
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123Hawkins plans extensions Press, Volume CXIV, Issue 33463, 19 February 1974, Page 8
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