M. Hill amends note offer
Michael Hill International has amended its scheme to issue 2.7 million unsecured convertible notes at 100 c each.
Originally these were to be issued at one for 10 and had a minimum entitlement of 500, to bias them towards small shareholders. But the Stock Exchange has required the jewellery firm to amend the scheme. It was suggested that larger shareholders might split their holdings to take advantage of the scheme.
The issue will now be one for 10, and holders of fewer than 5000 shares will be able to apply to Michael Hill International for extra convertible notes to take their holding to 500. The additional allocation will be at the discretion of the board of Michael Hill.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890915.2.89.8
Bibliographic details
Press, 15 September 1989, Page 16
Word Count
123M. Hill amends note offer Press, 15 September 1989, Page 16
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.
Log in