Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Consolidation Of Ordinary And Preference Shares


Consolidation Of Ordinary Shares And Preference Shares

Auckland, 2 December 2002 – Further to the announcement on 13 November 2002, advising that the directors of Fletcher Challenge Forests Limited had resolved to consolidate the Ordinary shares and Preference shares of Fletcher Challenge Forests Limited, we wish to advise that the consolidation was completed on 29 November 2002.

Following the consolidation, there are now 185,913,422 Ordinary shares of Fletcher Challenge Forests Limited (NZSE ISIN number NZFLCE0020S7) on issue and 371,809,026 Preference shares of Fletcher Challenge Forests Limited (NZSE ISIN number NZFLCD0001S9) on issue.

The consolidation of the American Depositary Shares and Series A American Depositary Shares was also completed on 29 November 2002 (U.S. time). There are now 2,094,649 American Depositary Shares and 1,467,086 Series A American Depositary Shares on issue.

In accordance with the shareholders’ resolution passed at the annual shareholders meeting on 13 November 2002, clause 2.3 of the constitution of Fletcher Challenge Forests Limited has now been amended as a result of the consolidation, as set out in the Notice of Meeting.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Statistics: Annual Inflation Hits A Three-decade High At 5.9 Percent
The consumers price index increased 5.9 percent from the December 2020 quarter to the December 2021 quarter, the biggest movement since a 7.6 percent annual increase in the year to the June 1990 quarter, Stats NZ said today... More>>



Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>



Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>


Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>