Page 28 Advertisements Column 1

Press, 1 October 1979, Page 28

TURNERS LTD Congratulate Garaenways On their CASIO Electronic Cash Register Installation CASIO and TURNERS Combining ' to B r ' n 9 Christchurch a The International Mark of Quality

IMPORTANT NOTICE TO ALL ALLIED PRESS SHAREHOLDERS 1. The OPP offer of 1 OPP share plus $1 cash for Lovell Reilly (1979) Limited operates in Dunedin as a Fruit and Produce Auction Mart each Allied Press share is still a better financial offer than the Mount Cook bid. | The group was re-constructed at 31 March 1979. One of the companies, Lovell Reilly aii- j n Limited, has been renamed Otago Press & Produce Limited and this Company will 2. Und©F tfl© MOUnt COOK bICa r Allied Press become the holding Company of the enlarged Group following the successful outcome of ...ill the offer to Shareholders in Allied Press Limited. Following completion of the snarenosders Will not any dlVldand reconstruction it now has an issued capital of $1,100,000.00 and Shareholders' funds of until October, 1980. $1605 354 00 3TL« Otago Press 8 Produce Limited is Otago based and its operations complement those of ■ 108 UnOTTICiai unoerpinnincj arrangements Allied Press Limited. The merged group will provide a strong locally based Company suggested by Mount Cook have no legal Which has the potential to produce an adequate level of profits and dividends. ■ . The net trading profits after tax of Otago Press and the combined net trading profit after OaSIS. tax of Otago Press and its subsidiaries in respect of the five years ended 31 st March, 1979. 4. If the 'mystery' investor follows the Otago Press & Produce Limited 1975 1976 1977 1978 1979 suggested intention to buy 1.4 million Mt and subsidiaries*...sl2s,lo3 $106,298 $132,837 $172,512 siso,i46 Cook shares at $1.75, holders of one million Advanta9eS ' °_° cents ® a" kUshare. Mt COOk Shares cannot D© looked after under 2. Equivalent capital value but with $1 in cash compared with 35 cents offered in the cash ♦k'o owonnomon-F content of Mt Cook's offer. WIS arrangement. 3. Retain 65% interest in enlarged group. The principal activities of Otago Press and its subsidiaries are. £ company™ 1 ° ta3 ° ™ th p ° tentia ' for growth ' fruit and produce auctioneers and merchants, egg graders and e’ Fully controlled by a local board. distributors, poultry processors, building and general hardware 7 - THE offer was made with the co-operation of the board of allied merchants, and real estate agents. * Otago Press 8 Produce Limited is the new name adopted by the holding Company of the DlSSClVOntciCjeS OT Mt COOK Oil Of ■■ ■ John M. Fraser group of companies. The new name uses part of the Allied Press name as 1. Considerably lower income. well as the name of the province. 2. Capital value of offer depends on share value which is WEAKENING. Includes only The John M. Fraser group, headed by Otago Press & Produce Limited, includes a further 35 cents cash. three main operating companies, John M. Fraser and Co Limited, Lovell Reilly (1979) 3. Underpinning arrangement for share price has no legal basis and INDICATES lack of Limited and Reilly's Supply Co Limited. CONFIDENCE in the Mt Cook share price. John M. Fraser and Co Limited trades — 4. Mam activities are more glamourous but MORE RISKY. — Airline operations in Dunedin — as Licensed Egg Distributors and Poultry Distributors, worldwide have experienced serious problems and activities more closely related to in Balclutha — as a Fruit 8 Produce Mart, and General Builders Hardware Merchants, energy use. in Oamaru - as a Fruit & Produce Auction Mart, Egg Distributors and Poultry 5. Allied Press shareholders will hold only 30% of the capital compared to 65% with OPP. Processors, General Merchants and Real Estate Agents, 6 - Wili operate only through a Subsidiary Board, with no power to control the future of in Alexandra — as a Fruit & Produce Mart, and Egg Distributors. company. .