Landmark issue
PA Wellington The chairman of Landmark Properties, Ltd, Sir George Chapman, said yesterday a one-for-ten bonus issue would be made on holdings at March 30. Option holders would participate on the basis of one bonus share for every 10 options exercised in September, 1985 and specified preference shareholders would participate on the basis of one bonus share for every 15 specified preference shares held, he said.
Sir George Chapman also said a renounceable cash issue of one-for-five would be made at an issue price of 45c a share on holdings at March 30. The bonus shares being issued would participate in the cash issue. The bonus shares and the new shares would rank equally with existing shares for the dividend that is proposed to be declared from profits for the current year to March 31. This dividend is expected to be paid by August, from tax free sources.
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Press, 8 March 1984, Page 28
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150Landmark issue Press, 8 March 1984, Page 28
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