Forum Archive Index - March 2004

["LWD" <larryd@xtra.co.nz>]

03 Mar 2004

FLLYR: GPG: FY Results for 31/12/2003, Div 1p

 

CAPITAL AND DIVIDEND
Contrary to the expectation expressed in the 2002 Annual Report, we have
abandoned the concept of offering Convertible Loan Notes to shareholders in
conjunction with the annual results. Last year's issue was not well supported
which is largely attributed to the complexity of the documents required to
accompany the offer. The full prospectus ran to 260 pages which was arguably
counter productive in assisting comprehension of the offer and was very
costly and time consuming to compile.

Other than the standard 1p dividend and 1 for 10 bonus issue (this year's is
the 11th in succession, multiplying an original 1990 shareholding 2.85 times)
GPG's preferred allocation of resources will be solely to achieve organic
growth in the value of the shares, which is always the top priority in any
event.

The GPG outlook for 2004 is for another active and successful year.

Guinness Peat Group Plc has also provided a copy of its financial statements,
which can be requested from lcr@nzx.com.
End CA:00097778 For:GPG    Type:FLLYR      Time:2004-03-03:09:03:34

 

----- Original Message -----

From: A and V Ryan

To: sharechat@sharechat.co.nz

Sent: 22 March, 2004 16:01 p.m.

Subject: Re: Re: [sharechat] GPG

Was there a bonus ??? I would be interested if there was one

AR

----- Original Message -----

From: David & Jill Stevenson

To: sharechat@sharechat.co.nz

Sent: Monday, March 22, 2004 1:44 PM

Subject: Re: Re: [sharechat] GPG

My broker tells me GPG go ex Bonus 24th May . Mind you he has given me plenty of incorrect information before .. Sorry I must remember not to joke.

 

      David