The Investors Review Vol 40

Author : A. J. Wilson
Publisher : Forgotten Books
ISBN 13 : 9781334347573
Total Pages : 688 pages
Book Rating : 4.3/5 (475 download)

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Download or read book The Investors' Review, Vol. 40 written by A. J. Wilson and published by Forgotten Books. This book was released on 2016-11-21 with total page 688 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Investors' Review, Vol. 40: July 7 to Dec. 29, 1917 (Being Vol. L in Consecutive Series) Lever Brothers are bringing forward proposals for the sub-division of all the 10 preference shares into shares of a denomination of 1, the consolidation of certain 'classes of the preference shares, and the in' crease of the capital by to In order that the different class-es of shares shall not be come unduly numerous, it is considered desirable that the preference shares already issued, and which bear the same rate of interest should be consolidated. The first preference and A preference are therefore tobe put into one class with equal rights, and in place of the existing 5 per cent. First preference and A preference of 10 each there is to be shares of 1 each, to be known as 5 per cent. Cumula tive first preference shares. Further, the 6 per cent. B preference shares of 10 each and the of 6 per cent. C preference shares of 1 each are to be put into one class with' equal rights, and called 6 per cent. Cumulative A shares of 1 each. The continued expansion of the business necessitates the employment of additional capital, to provide which it is intended to create new cumulative B preference shares of 1 each, ranking for dividend and capital immediately after the consolidated' A pre ference shares. These new shares will be issued from time to time as occasion requires at such rate of interest and on such terms as the directors may determine. It is proposed to make immediately after the creation of the new shares an issue of to beoffered, .in 'the first instance, at par to the holders of the ordinary shares, as far as practicable to the number of ordinary shares held. As there is a slightdifference in the quoted prices of the existing first preference and A shares and of the existing. _b and C preference, it is proposed, in consideration of the consolidation of various classes, to make a cash payment out of profits available for dividend on the ordinary shares of 25. 6d. Per 10 share to the existing first preference and 'f B preference shareholders. The proposed consolidation will require the sanction of the Court. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works."