McConnell issue
The McConnell Dowell Corporation, Ltd, will hold an extraordinary general meeting on January 30 to seek approval for the issue of up to 14.5 million ordinary 50c shares. The shares will be issued for cash at a premium of 55c, no later than March 31. They will rank equally with existing shares.
The shares will be placed with financial institutions and the proceeds of the issue will be applied in financing the company’s purchase of shares
in City Realties, Ltd. At the meeting, approval from shareholders will also be sought for the issue to the trustees of the McConnell Dowell employment share purchase schemes, for allocation to employees of the company and its subsidiaries of up to 1.5 M ordinary 50c shares.
A special resolution will also be put forward to adopt new articles of association and to amend the company’s memorandum of association.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19860109.2.110.2
Bibliographic details
Press, 9 January 1986, Page 18
Word Count
146McConnell issue Press, 9 January 1986, Page 18
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.