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Strathmore shareholders priority allocation
Media Release
For immediate release
Strathmore
shareholders priority
allocation further
information
Auckland – August 11, 2000, Strathmore Group Limited (NZSE: SMR) said today that a maximum of 4.3 million shares will be available to its shareholders for the priority allocation to CommSoft shares.
The intention of the prority allocation was to reward long-term Strathmore shareholders. CommSoft has advised that it may, in consultation with its underwriter, reject any application or allocate an applicant fewer shares than they had applied for.
Recent purchasers, in particular those buying small holdings of Strathmore shares, will be looked at closely when allocations are made CommSoft said.
Ends
About Strathmore Group Limited
Strathmore Group Limited is a technology investment company with approximately $NZ19 million of shareholders’ funds. It targets Internet, e-Commerce and information technology companies with potential to deliver accelerated growth in shareholder value by competing in global markets. It provides strategic advice, capital support, operational assistance, industry expertise and a network of relationships to assist technology companies to migrate internally.
For further information, please call:
Phil Norman, Executive Chairman,
Strathmore Group Limited
Tel +64 21 667 210, E-mail:
phil.norman@strathmoregroup.com
Michael Bartrom, Botica
Conroy & Associates
Tel +64 9 303 3862, E-mail:
michaelb@bca.co.nz
021 403
503
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