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Proposed Consolidation of Oswald Tillotson Shares.

18th November 1932, Page 48
18th November 1932
Page 48
Page 48, 18th November 1932 — Proposed Consolidation of Oswald Tillotson Shares.
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We learn that the directors of Oswald Tillotson, Ltd., propose to consolidate the 200,000 unissued ordinary shares of 5s. each into 50,000 shares of £1 each, and the 200,000 unissued 5s. shares numbered 1,000,001 to 1,200.000, also into 50,000 shares of £1. The resulting 100,000 41 shares are to be converted into 7 per cent. cumulative preference shares. The company's £300,000 capital will then comprise 100,000 £1 preference shares and 800,000 5s. ordinary shares. A meeting to approve the changes will be held at Burnley on November 25.