Cash issue by N.Z. Cement
New Zealand Cement Holdings, Ltd, is planning a one-for-four cash issue at par, the chairman (Mr J. P. Cook) told the annual meeting yesterday. Further details will be announced early next year. On the basis of the current share price of 115 c, the rights would have a theoretical value of 12c, and the shares should average down to 112 c each.
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Press, 26 November 1977, Page 18
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67Cash issue by N.Z. Cement Press, 26 November 1977, Page 18
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