YOUNGHUSBAND'S NEW ISSUE.
The directors of Younghusband, Ltd., wool brokers, Melbourne, liave decided that the new issue of shares be made at 4s premium, and that the issue be underwritten. The issue price is lower than any made by the company in the last 15 years. The directors consider that it is necessary to have the new issue underwritten, having regard to the fact that a considerable number of sliares are held by shareholders in Britain and New Zealand, and also to the present state of world affairs. The issue is 100,000 ordinary shares and it has been underwritten by J. B. Were and Son, Melbourne. The proportion of the offer is one new share for every five shares held. The underwriters have taken firm 20,000 shares. At an extraordinary meeting on June 30 shareholders present recommended to the directors that the new issue be made at par, and not underwritten. -
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https://paperspast.natlib.govt.nz/newspapers/EP19390713.2.128.24
Bibliographic details
Evening Post, Volume CXXVIII, Issue 11, 13 July 1939, Page 12
Word Count
151YOUNGHUSBAND'S NEW ISSUE. Evening Post, Volume CXXVIII, Issue 11, 13 July 1939, Page 12
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