Company News C.O.P. SHARE ISSUE
Three-For-20 Ratio
Cash Order Purchases, Ltd., Christchurch cash order and finance company, plans to issue 24.000 new 5s shares on a three-for-20 basis, according to a letter sent to shareholders yesterday.
Directors say that because of increased business being handled by the company it is considered the best way to make funds available is by the issue of new shares. These will be offered to shareholders on the company's books yesterday at a premium of 3s 4d a share on the three-for-20 .basis. Payment may be made either in full on application or by half the total amount with the application and the balance on or before August 31. The new shares will rank for dividend from August 1.
Applications for the issue close on June 30 and any shares not taken up will be disposed of by the directors in the way they think most beneficial to the company.
Renunciation forms are incorporated in the application form for the issue and rights may be traded on the stock exchange.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19610509.2.187
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume C, Issue 29508, 9 May 1961, Page 19
Word count
Tapeke kupu
175Company News C.O.P. SHARE ISSUE Press, Volume C, Issue 29508, 9 May 1961, Page 19
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). 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.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in