NZUC stake up
PA Wellington The Barclays Bank Group, of London, had increased its holding in New Zealand United Corporation, Ltd, the Wellington-based merchant bank, from 59.1 per cent to 70 per cent, shareholders were told at yesterday’s N.Z.U.C. annual meeting. The increase in Barclay’s holding had been made through a purchase from Renouf family interests. The meeting approved a share split with N.Z.U.C.’s 50c shares becoming 20c units. It was a move in-
tended to generate a more active market in the company’s shares. The share split means that authorised ordinary capital of the company comprising 8M ordinary shares of 50c will be subdivided into 20M ordinary shares of 20c by the division of every two existing shares of 50c into five shares of 20c. The meeting was told that should N.Z.U.C. obtain a foreign exchange trading licence this would provide for a useful extension of its business activities.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19830716.2.122.27
Bibliographic details
Press, 16 July 1983, Page 23
Word Count
150NZUC stake up Press, 16 July 1983, Page 23
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.