CONVERTIBLE SECURITIES
• Do not participate in bonus issues. a Earliest of optional conversion dates. b Half convert for cash (190 c or ords 1:1 on 31.3.87, or all on same terms on 31.3.89. c Cash at par or 1:1. d Cash at par or convert one-third of holdings on 1.4.87 or one-half on 1.4.89, balance on 1.4.91. e Convert at 81.5 per cent of then market value of the ords. f Final conversion date. g Cash or convert half the difference between par and market values at 1.4.87, 1988 or 1989. k Adjusted for issues. m Exercise price. p Exercise price may be varied according to rules set out in prospectus. q 70 p.c. of weighted average price for July, 1988. l r Anytime before 31.03.91. s or-one month before bonus or cash issue, at 50c. t lesser of 200 c or 70% of average sales Nov. and Dec. 1989.
Tuesday, December 5 Last Int. Maturity Conversion Yld on Share Sale Rate Date Terms Int. Ceramco 100c pf 98 16.00 1.4.88 cash 16.3 Ceres Pac 25c pf 75 17.50 1.11.87 al:l 16.8 Fernz 100c pt 700 17.00 31.5.90 1:1 2.4 Fletcher 220c pf 1450 16.00 30.6.90 18:5 2.4 500 14.00 30.11.85 a4:5 1.4 IndNewspapers 100c nts 625 12.00 31.3.89 al:l 1.9 Lakeland 50c pf 12 12.50 1.4.91 1:1 52.0 Smiths City 60c nts . . . 67 12.00 30.4.90 al:l 10.7 Stratcap 50c pf 46 14.00 - 2:1 15.2
1 Options | Share Last Sale Conversion Date Conversion Terms Allegra 3 15.3.92 200c Apple Fields 130 a30.9.89 50c Ararimu 1 31.5.93 50c Bexley 5 31.3.90 300c Carr Bus 5 1.4.89 1:1 at 110c Carter 90 1.4.90 300c Chase 0.5 30.9.91 500c Cons. Hardwood 1 30.6.92 50c Coronet FE 4 31.7.90 1:1 at 50c Corp. Inv 172 30.6.91 1:1 at 200c Elders NZFP 15 30.4.91 . 1:1 at 425c Fin and Res : 2 15.3.90 1:1 at 62c Gold Res 1.5 a31.12.88 1:1 at 25c Grocorp 6 31.3.89 p 60c Heritage 2 31.3.91 ' 50c Horner Greenlees 15 1.10.92 1:1 at 100c [nv. Fin 1 1.4.90 1:1 at 185 Kale Cap 1 30.4.92 125 Landmark 20c 1 30.9.90 4:5 at 40c NZ Equit B 1 31.12.90 1:1 at 300 NZ Skifields 10 1:6:89 1:1 at 125 10 30.9.88 m par Paladin' /. 2 31.3.88 1:1 at 50c Premier 1 31.3.90 1:1 at 5c Somex 1 31.12.91 m 25c Summit 5 15.4.90 25c Woodstock 8 1.1.92 1:2 at 60c
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Press, 6 December 1989, Page 48
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398CONVERTIBLE SECURITIES Press, 6 December 1989, Page 48
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