FCL strike price
Fletcher Challenge, Ltd, has announced a strike price of 469 c a share for shares to be issued to shareholders who have elected to receive bonus shares under the dividend reinvestment plan. Under the company’s plan, the issue price for the bonus was determined by taking 90 per cent of the weighted average price of Fletcher Challenge ordinary shares sold on the New Zealand Stock Exchange from March 12 to 18, 1987, with the issue price being adjusted to 469 c to recognise the fact that the formula should reflect the 1 for 8 bonus issue. As from. March 19, Fletcher Challentt) shares will be quoted as ex-uividend and ex-bonus.
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Press, 20 March 1987, Page 11
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113FCL strike price Press, 20 March 1987, Page 11
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