Subject:
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Re: Coles Myer shareholder discounts -- finally the new rules are announced
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Newsgroups:
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lugnet.loc.au
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Date:
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Fri, 20 Jul 2001 00:11:21 GMT
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Viewed:
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367 times
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In lugnet.loc.au, Kerry Raymond writes:
> But why would you sell them at all? For newcomers wanting the discounts,
> they must buy 500 of these discount-capable shares (presumably at a premium
> to the cost of regular shares) plus pay $25 out of your dividends every 6
> months for the privilege. So, being an ongoing shareholder has a lot of
> benefits compared with selling and later rebuying the same shares. I'll be
> hanging onto my shares like glue!
What a bizarre arrangement!
> Frankly, I am amazed at the complexity of the new scheme.
Absolutely.
> Obviously, having two classes of
> share limits the total number of shareholder cards that can ever exist to
> the current allocation of 580,000
But if you had, a lot of shares, couldn't you sell just *some* of them?
Still, stranger things have happened at sea (though I can't think of any off
hand).
Cheers
Richie Dulin
Patrician of Brick-Morpork
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