HANSON ANNOUNCES WARRANTS PROPOSAL
HANSON ANNOUNCES WARRANTS PROPOSAL NEW YORK, Dec. 16 /PRNewswire/ -- Hanson PLC (NYSE: HAN) announced
today that it has written to holders of the warrants issued at the time of the purchase of Consolidated Gold Fields PLC, making proposals to combine these warrants and the warrants issued in connection with the acquisition of Beazer PLC (NYSE: BZR).
The proposals are to be considered at a meeting to be held on Friday, Jan. 10, 1992. If they are approved, then these two classes of warrants, which trade as separate issues on both the London Stock Exchange and the American Stock Exchange and have similar financial terms, will constitute one class of over 550 million warrants. Lord Hanson, chairman of Hanson PLC, said today that he believed the proposals "would improve marketability of the warrants and remove the inconvenience and possible confusion arising from having two separate series of essentially identical warrants." /CONTACT: Robert M. Brier of Hanson Industries, 212-826-0098/ (HAN BZR) CO: Hanson PLC; Beazer PLC ST: New York IN: SU: SH -- NY033 -- 2469 12/16/91 11:27 EST
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|Date:||Dec 16, 1991|
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