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
No comments yet
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens