IFC wants Landmark
PA Wellington Investment Finance Corp, Ltd, holds 19.9 per cent of the issued capital of Landmark Properties, Ltd, and is applying for Commerce Commision approval to increase its shareholding to 51 per cent. IFC told the Stock Exchange that it had bought some Landmark shares in an off-market transaction. It now holds 20.82 per cent of the issued ordinary shares and 15.13 per cent of the issued preference shares. Allowing for the present conversion rate of preference • shares into ordinary shares its holding was 19.9 per cent of the capital. IFC said it paid an average price of 61.2 c for the ordinary shares, and 46.9 c for the preference shares.
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Press, 6 December 1985, Page 20
Word Count
114IFC wants Landmark Press, 6 December 1985, Page 20
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