Goodman issue
The Goodman group is to make a one-for-four rights issue to ordinary and convertible specified preference shareholders which will raise $28.7 million.
The issue price will be $1.75 per 50 cent ordinary share. The directors say the issue is part of a strategy to strengthen its financial base for medium term development. “Although our result will not be formally announced until mid-December interim figures indicate a profit in excess of $8.7 million calculated on a comparable basis to last year’s $6.2 million. This is an increase of 40 per cent over 1982.” They have also declared that an interim dividend of 6 cents a share from tax free sources will be paid on December 9.
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Bibliographic details
Press, 3 November 1983, Page 26
Word Count
117Goodman issue Press, 3 November 1983, Page 26
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