Apex 2nd dividend
PA Wellington Apex Group, Ltd, directors have approved a second interim dividend of 6c a share, or 12 per cent, to shareholders registered on November 4.’ The directors said that the second interim dividend would replace the final dividend which would have been payable early December. Dividends for the year ended August 31 now total 9c a share, or 18 per cent: They said the reason for the earlier payment of the dividend was to avoid any confusion arising between existing Apex shares (entitled to dividend) and any new Apex scrip (not entitled to dividend) that might be issued to Kupe Investments, Ltd, shareholders under Apex’s take-over offer. The dividend will be paid on November 17 and a dividend re-investment scheme will operate.
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Press, 22 October 1986, Page 37
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126Apex 2nd dividend Press, 22 October 1986, Page 37
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