BNZ Finance 1:3 bonus
PA Wellington The chairman of BNZ Finance, Ltd, Sir George Chapman, announced that the company will make a bonus issue to shareholders on the basis of one share for each three held on March 30.
The new shares will rank for the final dividend to be paid in respect of the year to March 31, 1984, and will rank equally thereafter.
It is expected that the current annual dividend rate of 10.5 c a share will be maintained after the bonus issue.
Sir George also advised that as the company’s shares now had a unit price which was high by market standards the board intended to seek shareholders’ approval at the annual general meeting in June to subdivide each 50c share into two shares of 25c each.
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Press, 6 March 1984, Page 27
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131BNZ Finance 1:3 bonus Press, 6 March 1984, Page 27
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