BHP Changes Ratio For Its American Depositary Receipts (ADRs).SAN FRANCISCO--(BUSINESS WIRE)--June 6, 1996--The ratio of BHP ADRs to BHP Ordinary Shares will change effective June 18, 1996, from the existing ratio of 1 ADR ADR - Astra Digital Radio equals 4 Ordinary Shares to a new ratio of 1 ADR equaling 2 Ordinary Shares. BHP ADR holders as of the record date of June 17, 1996, will receive one additional ADR for each ADR held, and effective June 18, 1996, their existing ADRs will each represent two Ordinary Shares. The additional ADRs to which record date holders are entitled will be mailed on June 24, 1996, by Morgan Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Trust Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , the Depositary DEPOSITARY, contracts. He with whom a deposit is confided or made. 2. It is, the essence of the contract of deposits that it should be gratuitous on the part 'of the depositary. 9 M. R. 470. for BHP's ADR program. BHP is a global resources company operating worldwide and headquartered in Australia. The Company is a significant player in the world's mining, steel and energy industries and it has more than 240,000 shareholders in 80 countries. CONTACT: BHP Pierre Hirsch, 415/774-2030 (IR) |
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