Fortuna meeting agrees
Shareholders of Fortuna Corporation, Ltd, yesterday approved a proposed increase of 5 million ordinary 50c shares in the issued capital of the company at an extraordinary meeting. The meeting also approved a resolution relating to statutory requirements in Australia because acquiring Atco Group, a manufacturer of prefabricated and portable housing, in November. Fortuna’s deputy chairman, Mr David Gold said that the Atco buy was the single most significant event in the company’s history as a public company. He predicted that Fortuna’s earnings in the year to March 31 Would exceed 30c a share, compared with 25c in 1986 and 22c in 1985. Fortuna has 18M ordinary shares on issue.
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Press, 24 February 1987, Page 23
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112Fortuna meeting agrees Press, 24 February 1987, Page 23
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