Issue by McDow.
McConnell Dowell Corporation shareholders have approved the issue of up to 14.5 M ordinary 50c shares to help finance the corporation’s takeover of City Realties, Ltd.
The shares will be issued for cash at a 55c premium by March 31, the company’s extraordinary general meeting in Auckland decided.
Up to 1.5 M shares will be allocated to company and subsidiary employees through its employment share purchase scheme trustees, shareholders resolved.
The Stock Exchange said shareholders approved new articles of association and an amendment to the memorandum of association.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19860131.2.93.4
Bibliographic details
Ngā taipitopito pukapuka
Press, 31 January 1986, Page 10
Word count
Tapeke kupu
91Issue by McDow. Press, 31 January 1986, Page 10
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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in