8 Nov 2011

Wool Equities announces preference shares issue

10:42 am on 8 November 2011

Wool development company Wool Equities Ltd says it plans to issue preference shares and consolidate ordinary shares.

It plans to issue up to 154.7 million Wool Investment Preference Shares at 50 cents per share and consolidate the ordinary shares at a rate of 3.3 ordinary shares to 1 ordinary share.

The proposal will be put to shareholders at a special meeting in Christchurch on 24 November.