FCL buys SFM stake
PA Wellington Fletcher Challenge, Ltd, through a subsidiary, now has 87 per cent of Southland Frozen Meat, Ltd. In a statement, FCL said cheques were being sent this week to SFM shareholders who had accepted the offer. The offer was declared unconditional on October 20. Cheques were also being sent to holders of special rebate shares as the offer had been accepted by the trustees of the special rebate scheme. As of Monday, the holders of 87.8 per cent of ordinary shares, representing 27,871,537 shares, had accepted the offer of 125 c each. The holders of 55.1 per cent of rebate shares, representing shares had accepted the offer of 125 c a share. The trustee for special rebate shares accepted the offer of an amount equal to the paid up value on behalf ’ of 100 per cent of this class representing 3,199,649 shares. The offer expires on November 10.
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Press, 22 October 1986, Page 38
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153FCL buys SFM stake Press, 22 October 1986, Page 38
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