ISSUE OF SHARES
Broken Hill Proprietary Co., Ltd. (Received August 30, 11.20 p.m.) Melbourne, August 30. At the annual meeting of the Broken Hill Proprietary Coy., Ltd., the chairman, Mr. H Darling, announced that the board had decided to make an immediate issue to shareholders of 1,493.854 shares of £1 each, equal to one share for each two existing shares. These would be issued at 30/- each, payable over 20 months. The capital would be used in expanding the company's productive capacity. The next dividend, payable in November, would be at the rate of 1/3 a share, compared with the recent interim dividend of 1/- a share.
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Bibliographic details
Dominion, Volume 28, Issue 287, 31 August 1935, Page 9
Word Count
107ISSUE OF SHARES Dominion, Volume 28, Issue 287, 31 August 1935, Page 9
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