Options
O Do not participate in bonus issues. a Earliest of optional conversion dates. b Half convert for cash (190 c or ords 1:1 on 31.3.87, or all on same terms on 31.3.89. c Cash at par or 1:1. d Cash at par or convert one-third of holdings on 1.4.87 or one-half on 1.4.89, balance on 1.4.91. e Convert at 81.5 per cent of then market value of the ords. f Final conversion date. g Cash or convert half the difference between par and market values at 1.4.87, 1988 or 1989. k Adjusted for issues. m Exercise price. p Exercise price may be varied according to rules set out in prospectus. q 70 p.c. of weighted average price for July, 1988. r Anytime before 31.03.91.
Share Last Sale Conversion Date Conversion Terms Ajax 100 30.6.98 185c Arahi 79c Areco 12 30.06.88 30c Baycorp 380 1.7.88 100c Bexley 170 31.03.88 300c Carter 250 al.4.90 300c Clypex 45 30.11.88 m 25c Crown 125 1.12.89 10:11 at par Euro-Nat 680 a 15.8.88 9 Gen. Prop 130 1.4.87 100c Grocorp 27 31.3.87 p 60c Heritage 18 50c Hortic 24 1.8.86 100c Kaurex 85 al.12.90 50 Landmark 20c 148 30.9.90 8:9 Luxoil 6 31.3.89 25c Min Res 34 31.3.88 60c NZ Equit 510 a31.3.87 l:2.5at 150c NZ Steel 6 1.10.87 150c Nthland FM 28 1.7.87 m 50c Northrop 18 Oilfields 9 30.9.88 m par Premier 14 31.3.88 25c Queenstown 155 1.6.87 50c Rainbow 1100 1.8.86 25:37 at 40c Robt Jones 50c 1070 2.4.87 6.7 at 50c Spectrum 39 30.6.88 m 25c Sthn Pet 11 30.9.88 35 Tag 520 30.6.87 3:4 at 60c U to Res 15 30.6.87 m 50c 60 30.6.88 50c Waikato Stud 14 31.5.87 50c Westbridge 20c 55 31.12.88 40c Will Prop 50c 130 29.6.88 50c
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Bibliographic details
Press, 22 October 1986, Page 42
Word Count
293Options Press, 22 October 1986, Page 42
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