Con. Metal 1:10 issue of pref shares at 190c
Consolidated Metal Industries will make a one-for-ten issue of redeemable specified preference shares at a price of 190 c each. The shares will carry a 15 per cent dividend rate (28.5 c a share) and will run for eight years, Avith the option of a 50 per cent redemption after six years. Conversion of the shares can be either in cash or by the issue of one ordinary 50c share for each preference share. .
Rights, to the issue are renounceable and there will be a minimum subscription of 100 shares. The new shares will participate in cash issues during their term, and ■ in bonus issues on redemption, all on a 1:1 basis with ordinary shares. -
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Press, 27 February 1981, Page 8
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124Con. Metal 1:10 issue of pref shares at 190c Press, 27 February 1981, Page 8
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