Increase In Capital Decided On By R. And E. Tingey Ltd.
(P.A.) Wellington, June 9. Each of the existing 100,000 fullypaid ordinary 1 shares of R. and i Tingey and Co., Ltd., Wellington, is to be divided into four fully paid 5s shares, and the capital of the company is to be increased from £150,001) to £160,000 by the creation of 40,000 additional ordinary shares of 5s each A decision to this effect was made at an extraordinary general meeting of the company on June 3. The new shares are to be offered, in the first instance at par, to existing shareholders in proportion to their present holdings, that is one for ten. Payment is to be made in full on application. Applications close at 5 p.m. on June 14, and shares will be ex rights on that date. The last day for the quotation of rights will be Jul
It is the intention of the company to apply for official listing by the Stock Exchange of its ordinary shares.
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Wanganui Chronicle, 10 June 1948, Page 6
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170Increase In Capital Decided On By R. And E. Tingey Ltd. Wanganui Chronicle, 10 June 1948, Page 6
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