Sanford meeting
A capital restructuring plan by Sanford, Ltd, which included an increase in authorised capital, a one-for-one bonus sbare issue, a share split, and an offer to convert preference shareholdings, was approved by an extraordinary shareholders meeting yesterda.y- ......
However, Sanford shares are expected to continue to be traded on a 100 c nominal value basis because High Court approval has not yet been
given. The managing director, Mr N. L. Mills, told the meeting that the Government’s attitude to the fishing industry was unlikely to be affected by Saturday’s General Election. Sanford’s performance in the first half of the 1983-84 year, when the net profit rose nearly 30 per cent, had continued into the second six months and the prospects for profit growth were good, he said.
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Bibliographic details
Press, 12 July 1984, Page 33
Word Count
128Sanford meeting Press, 12 July 1984, Page 33
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