15pc of PDL changes hands
About 15 per cent of the shareholding in PDL Industries, Ltd, changed hands yesterday, after Egden, Wignaif and Company stood in the market for 10 per cent of the shareholding. However, 2,008,530 shares changed hands at 300 c each, the highest price the share has fetched.
Sir Robertson Stewart, the chairman of PDL, said last evening that he was not concerned about the purchase by interests unknown to him.
The Stewart family holds the firm securely with about 63 per cent of total shareholding, and Sir Robertson and his wife, Lady Stewart, hold about 55 to 56 per cent.
“I welcome them to the company and hope they earn a good dividend. They must think there is a future for manufacturing after all.”
Sir Robertson told the recent annua! meeting of PDL that the firm was moving some of its manufacturing overseas because of the economic policies of the Government
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Press, 17 September 1986, Page 33
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15515pc of PDL changes hands Press, 17 September 1986, Page 33
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