Gordon And Gotch Bonus Issue
Gordon and Gotch (Australasia). Ltd., will use the total surplus of £150,000 from the revaluation of property assets to provide the bonus issue of 600,000 5s ordinary shares in the ratio of 3 to 10. Revaluation of the company’s land and buildings in Australia and New Zealand resulted in increases in these assets in Australia bv £125.241 and in New Zealand by £24,759—a total of £150.000. Authorised capital will first be increased from £600,000 (all issued) to £1,000,000. , , .. The bonus shares will be Issued to ordinary shareholders as at June 23. the date of the annual meeting, to which the proposals will be submitted. Transfer books close on June 9, for dividend purposes.
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https://paperspast.natlib.govt.nz/newspapers/ODT19500509.2.134
Bibliographic details
Otago Daily Times, Issue 27384, 9 May 1950, Page 9
Word Count
118Gordon And Gotch Bonus Issue Otago Daily Times, Issue 27384, 9 May 1950, Page 9
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