1. What is a share? (1 mark) 2. Identify two advantages of a private placement of shares as compared with a public issue. (1 mark) 3. The shareholders of Quinninup Ltd hold 25 000 A class ordinary shares‚ fully paid at $4.50 each. On 17 April 2012‚ the company directors voted to make a 1 for 5 rights offer to these shareholders. The additional shares were offered at $1.75 each‚ payable in full one month after acceptance. The offer closed on 31 May 2012 with 90% of the shareholders accepting.
Premium 1967 1983 1966
wrong. It is one of the equitable maxims that ’Equity looks to the intention and not the form’ which stands that it is fair to look at the intention rather than the fact they got the formalities wrong. This maxim was shown in the case of Berry v Berry (1929) where a deed was held to have been altered by a simple contract which is not possible in common law. However‚ equity decided that it is allowed with the presence of intention. The flexibility of equity had provided much more fairness and justice
Premium Common law
EMPLOYMENT EQUITY Contents PAGE EXECUTIVE SUMMARY 2 INTRODUCTION 2 WHAT IS EMPLOYMENT EQUITY 3 HOW DOES IT WORK 3 - 4 WHAT IS AFFIRMATIVE ACTION 5 IMPLEMENATION OF AFFIRMITIVE & EMPLOYMENT EQUITY 6 - 7 OBSTACLES & CHALLENGES 7 ACKNOWLEDGEMENTS 8 CONCLUSION 8 BIBLIOGRAPHY 9 EXECUTIVE SUMMARY This assignment deals with the Employment Equity Act of 19 October 1998. It covers the workings of the act in terms of equity
Premium Discrimination Affirmative action Employment
to stock/option programmes and do not need more exposure to the same risk source * Managing different risk exposure‚ depending on preference and age * Rather than beating the market‚ it is a question of tailoring the profile 11:3 Event studies * Describes the technique of empirical financial research to assess the impact of a particular event on a firm’s share price. E.g. dividend changes‚ news release
Premium Technical analysis Stock market
Lee Corporation Equity Scenario Income B-4 Taxes Tax Expense (40%) Net Income 240‚000 96‚000 144‚000 NOTE: adjustments to error corrections are always after tax (AT). JE’s needed: DR Retained Earnings Accumulated Depreciation 15‚000 15‚000 CR Retained Earnings Inventory 21‚000 21‚000 Dividends (Retained Earnings) Cash Dividends Payable 100‚000 75‚000 25‚000 Lee Corporation Retained Earnings Statement for the year ended December 31‚ 2007 January 1‚ as reported Correction for depreciation
Premium United States dollar Currency Dollar
Introduction Commodity Trading: Commodity trading is the market activity‚ which links the producers of the commodities effectively with their commercial consumers. Commodity trading mainly takes place in the commodity markets where raw or primary products are usually exchanged. The raw commodities here are traded on regulated commodities exchanges‚ in which they are bought and sold in standardized forms of contracts. Many different factors affect the prices of commodities. This includes taxes
Premium Futures contract
EQUITY AND TRUSTS The statute does not forbid or destroy equitable assignments or impair their efficacy in the slightest degree." Per Lord Macnaghten in William Brandt’s & Sons & Co v Dunlop Rubber Co Ltd [1905] AC 454‚ 461 Discuss critically the above statement with regard to the Malaysian legal position. Before receiving his title deed‚ a person may obtain a loan from a financier by assigning the rights to the property to the financier. Similarly‚ a creditor may obtain a loan from a factor
Free Common law
New case study at Harvard Business School: gender equity Boston: When the members of the Harvard Business School class of 2013 gathered in May to celebrate the end of their studies‚ there was little visible evidence of the experiment they had undergone for the last two years. As they stood amid the brick buildings named after businessmen from Morgan to Bloomberg‚ the 905 graduates were united into one genderless mass. But during that week’s festivities‚ the Class Day speaker‚ a standout female
Premium Harvard Business School Business school Harvard University
A Comparative Study on the Book and Movie Versions of “A Walk to Remember” I. Introduction Nicholas Sparks was born on December 31‚ 1965‚ in Omaha‚ Nebraska. He grew up in Minnesota and California‚ and won an athletic scholarship to the University of Notre Dame. He started writing fiction while in college but his early attempt at a novel‚ “The Royal Murders‚” was never published. After graduating in 1988 he worked in various jobs‚ as a waiter and real-estate appraiser‚ and then he made
Premium High school Nicholas Sparks
Gender Equity One of our civil liberties is the pursuit of happiness‚ which homosexual people are not allowed to chase. I was raised in the United States of America where they say it’s the land of the free. In saying that‚ Gender should not factor into same sex marriage and adoption because it’s against the constitution and moral rights. Being a same sex couples should not factor into a legalized marriage because in the constitution under the tenth amendment‚ which states “Constitution ’s principle
Premium Same-sex marriage United States Marriage