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W.E.C.A. LIMITED. ADJUSTMENTS'AS TO preference spares <Press Association.). MASTERTON, May 20 A mo,' ting of preference sharelmhl ers ol the W.E.C.A., id-'., to-day approved unnhimously a. scVin© ol capital readjustment relating to preferene.e shares, whereby pioler nee shareholders ngr,- to abandon claims to dividends in lUrear and forego rights to a dividend "nt I the debit balance in’ Ur Appropriation Wcnmi! is liquidated by future profits and further to'amend the rights of issue of prrirWuej shares by reducing the rato of dividend apply njg thereto fuom rix per. cent p v anPmn cumulative to three per cent cumulative and further prc'erencc not cumulative ol three per cent per annum »aml tlun the right of cumulative interest at the rate of thttee per cent /shall enmmenoa on Align?! !, 1938. A meeting, of ordinary shareholders is to he called to approve the reduction of ordinary shares (already reduced Horn £1 to 6s 8d) to sixpence. - j
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Bibliographic details
Gisborne Times, Volume LXXXIV, Issue 12866, 21 May 1936, Page 6
Word Count
155COMMERCIAL Gisborne Times, Volume LXXXIV, Issue 12866, 21 May 1936, Page 6
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