BANK OF ADELAIDE.
Shareholders in. the Bank of Adelaide have authorised the directors to increase the capital by the creation of 50,000 new shares of £5 each. The directors have announced the terms of the issue of 50 000 new shares of £5 each. The shares, which are to be paid up to £5, will be issued at a premium of £2 in the proportion of one new share for each of four old oneß. A previous similar increase made at a premium of £2 aroused adverse comment among shareholders at the last annual .meeting, it being held that the premium was too high. The present paid up capital is £1,000,000. "Rights" in these new'shares command from 28s 3d to. 28s 9d in New Zealand. ,
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Bibliographic details
Evening Post, Volume CXIII, Issue 143, 21 June 1927, Page 11
Word Count
125BANK OF ADELAIDE. Evening Post, Volume CXIII, Issue 143, 21 June 1927, Page 11
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