C.T.P. to make deb. issue
The directors will seek the approval of shareholders at the annual general meeting on October 13 to offer up to 1.250,000 100 c units of 12 per cent convertible stock to the company’s ordinary shareholders.
The funds are required to finance company activities, and to provide certain additional works of a capital nature, they say. The issue will be nonrenounceable, at par, on the basis of 100 c conv. deb. for each 5 ordinary shares held, entitlements being rounded up to .nearest multiple of $lOO. Excess applications may be made.
Conversion is to ordinary shares at par* on November 30, 1981. Shares will become ex entitlement on October 14.
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Press, 15 September 1976, Page 24
Word Count
114C.T.P. to make deb. issue Press, 15 September 1976, Page 24
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