ordinary Shares at an offer price of 20 cents each to raise up to $6‚000‚000 with the right to accept over-subscriptions of up to $2‚000‚000 for a maximum of $8‚000‚000 SPONSORING BROKER SHAW STOCKBROKING LIMITED Important Information This Prospectus provides important information to assist prospective investors in deciding whether or not to invest in the Company. It should be read in its entirety. If you do not understand it‚ you should consult your professional advisers. THE SHARES OFFERED UNDER
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Q) If you were Mr. Vincent would you try to gain control of Robertson tool in May 2003 If I were Mr. Vincent ‚ yes I would like to gain control of Robertson tool in May 2003. The synergy after acquiring as well as profits which would be gained after the merger will be more than the cost of the merger. Monmouth had earlier acquired Dessex. It acquired a quality product line‚ an established distribution system of 15000 retail hardware stores spread across United States as well as in Canada and
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What is a closely held business? When a business has very limited number of shareholders then this is called closely held business. This thing usually exists in family businesses. Their shares are publicly traded on occasion but very rare. To whom does a director owe a fiduciary duty? Directors owe a fiduciary duty to corporation‚ as such; directors must ensure the corporation’s interests always priorities. It is the fiduciary duty of the director to act honestly and in good faith‚ with a view
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deployment options? "Repurchase shares. At this point I prefer this to other initiatives because they can increase their earnings per share and they can do some bolt on acquisitions‚ bit I don’t want them to do a large acquisition. And paying down debt doesn’t make a lot of sense‚ assuming they have a low cost of debt right now. So I like buy backs better because they can increase their earnings per share just by reducing the float out there‚ the number of shares outstanding‚ even if revenues stay
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article is the concluding factor that confirmed my decision to buying into Wing Tai Holdings as I believe this appointment would greatly improve Wing Tai’s reputation as a company. Hence on the 12 November 2013‚ I bought 10000 of Wing Tai’s shares at 1.9950 per share. Wing Tai’s
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with Cisco’s businesses. * Limited number of employees (but engineers as the large part of them): Cisco gives a huge importance to skilled people‚ because as they say‚ those people are the real asset which permits to increase future market shares‚ So people retention becomes one of acquisitions’ main goals (success driven by a very low turnover compared with the industry). * Very entrepreneurial systems focused on fast growing: the need to grow by forming part of Cisco is one of the motivating
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appear to be in the best interests of the company both subjectively and objectively. The statutory remedy for disadvantaged shareholders‚ s 459‚ may provide a remedy for H‚ but the courts have set their face against using the section to provide a remedy for shareholders who object to the board’s bona fide actions if they do not impinge upon the ‘legitimate expectations’ of the shareholder; see‚ for example‚ Re A Company (No 002567 of 1982) (1983)‚ the wine bar case mentioned above‚ and Re Saul
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treatment of retained profit. To maximise growth in capital the management must distribute as much profit as possible back to the shareholders. This keeps the shareholders content with their investment and they will not sell shares or remove the directors. It can result in rising share values and reduce the risk of the firm being taken over. This therefore appeals to the management’s main aims‚ job security by not being taken over or removed. The flip side of the coin is to increase the demand customers
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Exercise 2.4 SHARE ISSUE‚ OPTIONS Prepare the journal entries in the records of Jordan Ltd in relation to the equity transactions in 2014. JORDAN LTD 25/3 Cash trust – shares Dr 750 000 Application – shares Cr 750 000 (Applications for shares) Cash trust – options Dr 10 000 Application – options Cr 10 000 (Applications for options) 2/4 Cash Dr 610 000 Cash trust – shares Cr 600 000 Cash trust – options Cr 10 000 (Transfer on issue of shares and options) Application – shares Dr 600
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Application (ordinary share)(being cash received on application 75 cents for 350‚000 shares.)Application (ordinary share) Bank Trust(amount refunded to unsuccessful applicants.)Application (ordinary share) Share Capital(application money due on 300‚000 shares.)Bank Bank Trust(transfer of money received in application.)Allotment (ordinary share) Share Capital(being 25 cents per share due on allotment.)Bank Allotment (ordinary share)(being amount received on allotment
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