Repco div.
The directors of Repco Corporation N.Z., Ltd, say that the dividend of 3.5 c a share which was previously declared. payable on April 27 will be paid out of capital reserves of the company. The dividend should accordingly be tax free in the hands of the corporation’s shareholders, the Soard says. Marac post
Mr A. B. Downey, the assistant managing director of Fletcher Challenge, Ltd, has been appointed the chief executive and managing director of Marac Holdings, Ltd. He will take up the appointment immediately. Fletcher Challenge holds a 60 per cent interest in the issued capital of Marac. Mr Downey, associated with Fletcher Holdings and Fletcher Challenge since 1966, has held a number of senior executive positions. He was reelected last week for a third term as the chairman of the Japan-New Zealand Businessmen’s Association.
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Press, 13 April 1984, Page 13
Word Count
138Repco div. Press, 13 April 1984, Page 13
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