O’Brien issue
M. O’Brien and Company, Ltd, will make a cash issue of 11 per cent convertible preference shares at par of 50c. The issue will be offered to all existing shareholders, both ordinary and convertible preference, on the basis of three shares for every eight at present held. The new shares will convert to ordinary shares on a one-for-one basis in five
years. The issue will be renounceable and the share registers will close for the purpose of establishing entitlements at 5 p.m. on Friday, April 27, and will reopen at 9 a.m. on Monday, April 30. The issue will be underwritten by Lane Walker Rudkin Industries, Ltd. The ex-rights date is April 19.
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Bibliographic details
Press, 9 March 1984, Page 11
Word Count
115O’Brien issue Press, 9 March 1984, Page 11
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