Sentences with phrase «scrip shares»
Total said it will raise first quarter interim dividend by 3.2 percent, while Scrip shares issued in January for the second 2017 interim dividend were bought back to prevent dilution.
https://www.cnbc.com/ Not exact matches
Phoenix Gold has reiterated shareholders should reject a cash and scrip takeover offer from Evolution Mining, even though a rise in Evolution's share price has boosted the value of the deal.
Shares in local rare earths explorer Plymouth Minerals closed 75 per cent higher on news it had entered into an agreement to acquire two African potash projects for an all - scrip deal worth up to $ 2.75 million.
Shares in copper miner Latitude Consolidated skyrocketed on news it plans to exit the resources sector with a proposed acquisition of consumer services technology company Yatango through a scrip deal valued at about $ 18 million.
The company's shares debuted at Rs 458 on the Bombay Stock Exchange but the scrip has done well since then.
Armed with such results, Shell and Total are in payback mood to investors, buying back shares after diluting stakes with scrip dividends - consisting of shares rather than cash - introduced after the price crash which sent oil prices as low as $ 28 a barrel.
Money Control IPOs It has allotted 5,56,43,820 shares to 18 anchor investors at a price of Rs 56 per scrip, garnering Rs 311.61 crore, the company said in a statement.
Late on Friday night Saputo revealed it was lifting its $ 8 cash per share bid to $ 9 per share, matching Murray Goulburn's offer but putting it slightly below Bega Cheese's cash and scrip bid, which valued WCB shares at $ 9.13 on Friday.
In a statement to the ASX on Tuesday, the NSW - based company said it could start paying shareholders its cash and scrip offer of $ 2 plus 1.5 Bega shares after it declared its offer unconditional last month.
Even after the bids rose from Bega's initial cash and scrip offer, which valued WCB at $ 5.78 in September, to Saputo's unconditional $ 9 a share and Murray Goulburn's $ 9.50 offer, Mr Renyard wasn't thinking about a one - off cash injection.
But she said it would be hard to convince Warrnambool's board to accept a scrip - based deal given the board has expressed concerns Bega Cheese shares were already overpriced.
This means both Bega, which declared its cash and scrip offer unconditional and final on Thursday, and Saputo can begin buying WCB shares.
Bega's cash and scrip offer has received short shrift from the WCB board and at every step of the bidding process the WCB board has questioned the worth of Bega's shares.