Cruise in 1:2 cash issue
PA Wellington Cruise Corp, Ltd, has announced a one for two cash issue to raise $550,000. The 50c shares will be offered to existing shareholders at a premium of 5c a share, the company advised the Stock Exchange. The purchase price will be payable in two instal-
ments: 25c on subscription, and 30c six months later.
A short form of prospectus is to be issued to existing shareholders.
The issue is conditional upon shareholders approval of an increase in capital which will be sought at an extraordinary general meeting to be held in late March.
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Bibliographic details
Press, 24 February 1987, Page 25
Word Count
100Cruise in 1:2 cash issue Press, 24 February 1987, Page 25
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