Plessey asks to be delisted
i (N.Z. Press Assn —Copyright) ‘ SYDNEY. ! Plessey Company, Ltd, the! [U.K.-based electronics and! telecommunications group, ■ has requested delisting from [the Melbourne and Sydney ! stock exchanges after more ! than 20 years of being; quoted in Australia. In justifying this unusual! step. Plessey stated that “experience has shown that this facility has been very little used by shareholders.” The company had 238 shareholders on the Australian register on June 30, representing 184,799 ordinary shares or less than 0.1 per f cent of the ordinary issued! capital.
“These relatively small figures have the result of operating a very restricted market and the company has decided to delist at both exchanges, with effect from September 30, the company says. “Any shareholder wishing to carry out transactions in the company’s shares is still entirely free to do so by trading on the London stock exchange.” Plessey says it has no intention of dispensing with the Australian share register, which is maintained by the A.N.Z. banking group in Canberra.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19750829.2.150
Bibliographic details
Press, Volume CXV, Issue 33934, 29 August 1975, Page 13
Word Count
168Plessey asks to be delisted Press, Volume CXV, Issue 33934, 29 August 1975, Page 13
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.