Capital Properties New Zealand Ltd
advises that the strike price pursuant to its Dividend
Reinvestment Plan is 109.51 cents in respect of the
quarterly dividend payable on 10 December 2004.
The
Strike price is based on the weighted average price in the 5
days preceding the record date of 26 November 2004, adjusted
for the amount of the current dividend.
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Following proceedings brought by the FMA, MAS has been ordered to pay a $2.1M penalty for making false and/or misleading representations to some customers. MAS admitted failing to correctly apply multi-policy discounts and no claims bonus discounts to some customers, failing to correctly apply inflation adjustments on some customer policies, and miscalculating benefit payments.More
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