Utd Res options
PA Wellington Share options in United Resources Investment Holdings, Ltd, may > be converted to fully paid shares by paying 50c no later than June 30. If the options are not converted they will expire. United Resources directors said yesterday that its net asset backing per issued share as at June 25 was 116 c, and if all the
options were exercised the net asset backing would be 92c. 1 ■ In calculating the figures, listed investments in gold and petroleum companies had been taken at market value, and no value has been put on the group’s ownership of Pike River Coal Company, Ltd, as it was an unlisted private company, United Resources said in a statement to the Stock Exchange. ,
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Press, 27 June 1987, Page 25
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122Utd Res options Press, 27 June 1987, Page 25
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