Aden consolidated
Aden Corporation shareholders approved the consolidation of the company’s ordinary 5c shares into 50c units at an extraordinary meeting in Hokitika yesterday. Commenting on the resolution, the acting chairman, Mr Stephen Smith, said in spite of the changed sharemarket the directors considered that the time was appropriate to consolidate the capital. This was particularly since Aden Corporation, as a conse-
quence of the “in specie” distribution for the establishment of Prodigal Gold was now listed on the industrial board of the New Zealand Stock Exchange. The directors told the meeting that, based on the current market value of the company’s deer herd of more than 9000 head of red deer and elk, the shares had not an asset backing of more than 50c a 50c ordinary share.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19871202.2.150.54
Bibliographic details
Press, 2 December 1987, Page 46
Word Count
129Aden consolidated Press, 2 December 1987, Page 46
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.