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Re: [sharechat] Fletcher Forest shares

From:	"John Weernink" <johnw@cybernet.co.nz>
Date:	Sun, 25 Mar 2001 21:35:00 +1200

With the recapitalisation of Fletcher Forests, 2 new preferential shares
were issued @25 cents for every share held. Holders of preferential shares
will be repaid first in case the company goes into liquidation. After 5
years the preferential shares will be converted to ordinary shares.

John


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