Briefs

Press, 14 October 1986, Page 31

Briefs

General manager

A Palmerston North businessman, Mr A. J. Bartlett, has been appointed general manager of the New Zealand Society of Accountants. He is currently general manager of the Consumer Co-operative Society in Palmerston North and will move to Wellington to take up his new post on December 1. Ceramco control Ceramco, Ltd, now holds or controls 97.4 per cent of McAlpine Industries, Ltd’s issued ordinary capital, Ceramco said. It said in a statement that.it had received acceptances for 2,194,717 McAlpine ordinary shares, or 94.8 per cent of the shares, subject to its unconditional take-over offer

Bexley move

Bexley Corporation, Ltd, would buy two thirds of unlisted Bexley Foods, Ltd, for cash and shares from Jones family interests, Bexley Corp said in a statement. Bexley Corporation . would issue 228,000 shares at 380 c a share as part payment for the company, which has interests in food and edible oil processing, and tallow rendering. NZI redemption NZI Corporation, Ltd, has given notice of the early redemption of 5U547,914,000 in outstanding 10.5 per cent guaranteed convertible bonds due in 1994, and mostly held, overseas through NZI Overseas Finance. They are redeemable on October 27 at bond-holders option at 1 to 3 per cent of the principal

amount plus interest, or converted to ordinary NZI shares by October 20 at NZ1320 and specified exchange rate of U548.71C to the SNZ. This gives a conversion rate of 1555.2776 ordinary shares for each SUSIOOO of bonds principal. 2M miss out

Britain’s largest private share issue was eight times oversubscribed with five million people applying for shares in the Trustees Savings Bank, bank officials said. The £1.5 billion (SNZ4.4 billion) offer attracted applications for 11.2 billion shares worth £5.6 billion (SNZI6.7 billion). As a result, almost two million applicants would receive no shares and all applications would be scaled down.