Market stand for Broadway

Brokers acting on behalf of Duxford Investments say the stand will begin Thursday, and they will be looking for 2.2 million ordinary shares in Broadway at 29 cents per share and 2.2 million rights at 5 cents per share.

A previous notice to the market said the price to be offered by Duxford would be in a range from 29 cents per share to 34 cents.

Duxford currently has a 40% stake in the company but wants to increase that to 54.83%.

The offer will be made through Broadway's normal code.

Broadway Industries main businesses are photographic operator H E Perry and stainless steel fabricator Mercer Stainless. In its most recent interim financial result the company made a profit of $304,000, up $15,000 on the previous year.

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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Broadway sells HE Perry photographic unit