Brickworks Plans 1 10 Par Issue At Sydney Exchange
Directors announce new share plan to issue 260,009 shares at $2 cash and market price of $11 to holders. Possible 95,760,000 capital target with 10 percent stake offered to H Heecham II Co Ltd shareholders. Both plans hinge on participation by ordinary stock holders and Meantime a bid valued at $120 per share for 10 percent of H Heecham’s ordinary capital.
MENTIONED IN THIS ARTICLE
Brickworks Ltd
Sydney Stock A Exchange
Tjurings Securities Ltd
H. Heecham II
Prefer Land Co Ltd
Turing
O. Com
Gordon Barton
Shurton
Brickworks
Willipoup
H. Bee —Leham
Monier plans to limit foreign voting power
Queensland press reports that Monier Ltd directors seek to cap voting power of non Australian shareholders at 20 per cent of total, with extraordinary meeting possible. Brisbane and Melbourne markets noted shares changing hands as the plan unfolds amid evolving Articles of Association changes.
MENTIONED IN THIS ARTICLE
Monier
Concrete Industries (Monier) Ltd
APA 1 1 Bonus and Income Gains Hit APA Directors
Directors of APA Hold-rite discuss a 1 1 bonus and revaluation of freehold properties. Shares shot up to 10 dollars at times while the issue and broker actions hint at a first-come basis. Forecasts show income and property value shifts impacting earnings and assets.
MENTIONED IN THIS ARTICLE
APA
Kennedy and Co
Eich
Parke
Hey
Elizabeth Street
Melbourne
Flington
New Zealand
King Island Scheelite board split on rival takeover bids
The King Island Scheelite board disclosed yesterday that directors were evenly divided over which bid to back from Consolidated Gold Fields Australia and Peko-Wallsend. CGFA offers five shares or four options per 50p unit, while Peko-Wallsend proposes two shares plus cash. Some directors favored CGFA, others urged Peko-Wallsend, with one suggesting a mix of cash and shares under different terms. The board remained unable to decide.
MENTIONED IN THIS ARTICLE
King Island Scheelite (1947) Ltd
Consolidated Gold Fields Australia Ltd
Peko- Wallsend Ltd
Ian Csmeron
CGFA
Lon
Nils Nilsen
Unaiilof
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