BROKEN HILL PPTY. CO
Bonus Share Issue Proposal NOMINAL CAPITAL INCREASE The directors of the Broken Hill Proprietary Co., Ltd., in a circular to shareholders announce that an extraordinary general meeting of shareholders will be held on January 5 to consider a series of resolutions to give effect to various proposals. It was announced on August 25 that the directors had decided that it was desirable to issue to shareholders fully-paid shares to the value of approximately £4,459,790, being the amount standing to the credit of the share premium account and representing capital subscribed by shareholders over and above the amount of the issued share capital. Subject to the passing of the enabling resolution it is intended that the new shares will be issued to encl) shareholder at the n,te of 64 new shares for every 100 shares held. In determining the number to which each shareholder is entitled fractional parts of less thau one share will be disregarded. As the new share issue will absorb the major portion of the unissued share capital it is proposed to increase the nominal share capital from £15,000,000 to £25.000,000. Another resolution proposes the modernization of the memorandum of association of the company.
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Dominion, Volume 33, Issue 69, 14 December 1939, Page 12
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200BROKEN HILL PPTY. CO Dominion, Volume 33, Issue 69, 14 December 1939, Page 12
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