Sharechat Logo

Pyne Gould confirms shareholder meeting date

Monday 2nd May 2011

Text too small?

Pyne Gould Corporation has confirmed the date for a shareholders' meeting to vote on a special resolution allowing the distribution of the company's 72.2% stake in Building Society Holdings (BSH).

The meeting is to be held on May 18, with shareholder materials expected to be mailed out today.

Pyne Gould also said today it and BSH had submitted for registration the prospectus for distribution of the shares.

Under the proposal, 216.6 million BSH shares will be distributed pro rata amongst PGC shareholders, with each Pyne Gould shareholder to receive about 268 BSH shares for every 1000 Pyne Gould shares.

At the same time, about 73.2% of the Pyne Gould shares held by each Pyne Gould shareholder will be cancelled.

Following the distribution and cancellation, a Pyne Gould shareholder will hold about 268 BSH shares and 268 Pyne Gould shares for every 1000 Pyne Gould shares held beforehand.

 

NZPA



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Contact secures gas supply
MCK - MARKET UPDATE ON RESPONSE TO CDLHHNZ TAKEOVER NOTICE
January 22nd Morning Report
ATM - 1H25 Results Announcement Date and Webcast Notification
MCK RECEIVES TAKEOVER OFFER FROM CDLHHNZ
PHL - Senior Manager Change
Steel & Tube 1H25 Interim Results to be announced on 24 Feb
January 20th Morning Report
KPG - Changes to the Kiwi Property Board
IKE - Timing of Quarterly Performance Update and Conference Call