USI shares to consolidate

PUBLISHED : Wednesday, 29 May, 1996, 12:00am
UPDATED : Wednesday, 29 May, 1996, 12:00am
 

USI Holdings is proposing to consolidate every three issued shares of 50 cents into one share which will, after a capital reduction, have a nominal value of 50 cents.


The amount of $322.5 million resulting from the reduction will be credited to the company's contributed surplus account.


Directors said the move would enhance the shares' marketability.


Share

Send to a friend

To forward this article using your default email client (e.g. Outlook), click here.

USI shares to consolidate

Enter multiple addresses separated by commas(,)

CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Enter the characters shown in the image.