The Board of Directors has declared a second interim dividend of six cents per stock unit, to be paid from tax relieved earnings of the company to shareholders on record on August 16, 1997. Payment date is September 8, 1997.
The Board has also recommended for consideration and approval at the next annual general meeting to be convened on October 25, 1997 resolutions to:
– Increase the authorized share capital from $205 million to $285 million by the creation of 160 million new ordinary shares of fifty cents each.
– Make a bonus issue of 160.6 million news stock units (on the basis of 2 ordinary stock units for every five stocks held by stockholders on November 10, 1997) to be paid out of retained earnings.
