CENTRAL CAPITAL CORPORATION -- COMPANY UPDATE.TORONTO--(BUSINESS WIRE)--Jan. 10, 1995--CENTRAL CAPITAL (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : CEH CEH Certified Ethical Hacker CEH Centre for Ecology and Hydrology CEH Comisión de Esclarecimiento Histórico CEH Centre for Environmental Health CEH Continuing Education Hour CEH Complex Electronic Hardware CEH Colorado Evidentiary Hearing ) Central Capital Corporation announced that the Ontario Court (General Division) had dismissed the claims of former holders of retractable preferred shares Preferred shares Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of the Corporation. Holders of the Corporation's preferred shares had claimed that they should have been treated as creditors of the Corporation for purposes of the Corporation's Plan of Arrangement under the Companies' Creditors Arrangement Act. The Plan of Arrangement came into effect on January 1, 1993. Under the Plan of Arrangement, holders of the Corporation's preferred shares received approximately 1 million new common shares of the Corporation, which represents approximately 5 percent of the outstanding common shares. The decision of the Court is open for appeal for a period of 30 days. CONTACT: Richard Hazell, 416/214-2206 REPEATS: 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 212-575-8822 or 800-221-2462; Boston 617-330-5311 or |
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