TOOHEY'S NEW ISSUE
AT 50 PER CENT. PREMIUM
The directors of Tooheys, Ltd., brewers, Sydney, have decided to offer 240,625 unissued shares of 16s each to shareholders at a premium of 8s each, in the proportion of one new share for every eight now held. _ In a circular to shareholders, the directors state that the new capital is required to provide capital to enlarge the production capacity of the brewery, owing to increased trade, and also for the general expansion of the company's activities. During the year ended July 31, 1937, 250 000 new shares were issued at a premium of 8s per share, increasing the paid-up capital from £1,200 000 to £1400,000. Last year a further 175,000 shares were issued at a premium of 8s per share, bringing the paid-up capital to £1,540,000. The issue now announced represents an increase in capital of £192,500 to £1732,500. but the premium represents £96,250, so that the company will receive £288,750. Net profit, 1932 was £72 027 and dividend 6 per cent.; for 1937, net profit was £120,136, dividend 9 per cent.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/EP19390123.2.145.15
Bibliographic details
Evening Post, Volume CXXVII, Issue 18, 23 January 1939, Page 12
Word Count
180TOOHEY'S NEW ISSUE Evening Post, Volume CXXVII, Issue 18, 23 January 1939, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Evening Post. 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.
Log in