Trustee shares
Fletcher Challenge, Ltd. has varied the terms of payment for the new issue shares for trustees who hold the head shares and who are precluded by trust deeds from holding partly paid shares. Under these circumstances the trustees may elect to pay the shares in full at the issue
price of 140 c, provided they declare in the letter of entitlement and acceptance that they are precluded from holding partly paid shares. Fletcher Challenge reserves the right to require adequate evidence of the position, failing which it may at its discretion refuse to accept the application.
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Bibliographic details
Press, 12 March 1983, Page 21
Word Count
98Trustee shares Press, 12 March 1983, Page 21
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Acknowledgements
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