Offer unconditional
The take-over offer for the.! shares of Allied Group. Ltd.’’ has been declared unconditional — by Collingwood Holdings, Ltd. Acceptances i i totalling 94 per cent of the; shares in Aliied Group, Ltd,, have been received. The. directors have extended the closing date for acceptances to November 30 to allow acceptance by remaining shareholders. In terms of the offer Allied Group will pay a tax-; free interim dividend of 3c a' share on November 17, ex;! dividend on November 9. The shares will also cease; to be quoted on stock ex-' changes on November 9. Collingwood expects to) mail its certificates for ordi-' naries and specified prefer-:, ences to shareholders on December 1. Application already had: been made to the Stock Ex-) .change Association of New
I Zealand to have these shares 'quoted and it was expected listing would follow soon ' after the allotment and issue I of certificates.
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Press, 8 November 1978, Page 22
Word Count
150Offer unconditional Press, 8 November 1978, Page 22
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