Greggs has 70 per cent of Wilson
Greggs, Ltd, has received acceptances from shareholders holding 21 per cent of the total shares of Wilson Distillers, Ltd. These acceptances, together with the shares owned by Greggs, amount to 70 per cent of the total issued capital.
The directors of' Wilson Distillers say, “One matter
has been raised by the Stock Exchange Association of New Zealand, and this concerns the ratification by shareholders of the agreement to sell the whisky undertaking to Seagram (New Zealand), Ltd. “The Association has been advised that the agreement with Seagram is conditional on certain Governmental consents and that all these consents, which must be obtained before the meeting is
called, have not yet been received. Twentyone days notice must be given for such a meeting required to. comply with the company’s articles. at which .meetingYla simple majority vote . ..is •' necessary. “Accordingly, .. it follows that the meeting’ must , now be held after, the'present closing date AfoE ■ acceptance of Greggs offer;, namely June* 11, but in any''event; before/ August ‘3l,,;as' detailed ?iii: the ■ offer. (
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Bibliographic details
Press, 3 June 1981, Page 24
Word Count
176Greggs has 70 per cent of Wilson Press, 3 June 1981, Page 24
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