Briefs

Press, 14 December 1985, Page 22

Briefs

Goodman promise Goodman Group, Ltd, says that the undertaking it has given to the Australian Trade Practices Commission on selling its trademarks and associated trade names, representing some 20 per cent of the retail (vegetable) oils market and 6 per cent of the retail margarine market, will be done in a way which will not upset the company’s pre-tax earnings. The undertaking is subject to the offer by Fielders Gillespie Davis, Ltd, for Goodman and Allied Mills, Ltd, being declared unconditional. Further discussions will be held on the matters with the commission once the outcome of the two offers is known.

Oil shows Limited shows of hydrocarbons have been found in the Matiri-1 oil well near Murchison in the last week, Petrocorp reported yesterday. Their significance must await further evaluation. The well has been logged and cased with a sin casing to 1210 m. At 6 a.m. yesterday the well was at 1214 m and drilling was continuing. NZFP meeting Shareholders of NZ Forest Products, Ltd, have voted to change the company’s articles to allow the issue of bonus shares in lieu of dividends. Shareholders also approved a change of article which in future allows, on a show of hands, every person present, in person or by proxy, to have one vote. On a poll every member will have one vote for each share paid.