Printer Friendly

RATNERS ANNOUNCES IT WILL NOT PAY DIVIDENDS ON PREFERENCE SHARES

 RATNERS ANNOUNCES IT WILL NOT PAY DIVIDENDS ON PREFERENCE SHARES
 NEW YORK, Jan. 20 /PRNewswire/ -- In its release on Friday, Jan. 10, 1992, the board of Ratners Group plc (NASDAQ: RATNY) said that the directors did not expect to recommend the payment of any final dividend on the ordinary shares and that preference dividends would be kept under review. Having reviewed the position, the board has decided not to pay dividends on any of its various classes of preference shares until further notice. It is not possible at this stage to say when resumption might occur.
 The company has the following classes of preference shares:
 -- 6.875p convertible cumulative non-voting redeemable preference shares 2008 of 20p each;
 -- cumulative redeemable non-voting preference shares 1997 of 10 pounds sterling each;
 -- cumulative non-voting redeemable preference shares of US$1 each (designated as Variable Term Preference Shares);
 -- convertible cumulative redeemable preference shares of US$0.01 each (traded on NASDAQ under the ticker symbol RATNZ).
 -0- 1/20/92
 /CONTACT: Michael H. Mitchell of Ratners Group, in London, 011-44-71-499-1000; or Thomas C. Franco of Broadgate Consultants, 212-229-2222, for Ratners Group/
 (RATNY) CO: Ratners Group plc ST: IN: REA SU: DIV


GK-TS -- NY013 -- 1332 01/20/92 09:42 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 20, 1992
Words:205
Previous Article:NORTECH SYSTEMS BOARD NAMES OFFICERS, DIRECTORS OF SMR SUBSIDIARY
Next Article:WEICHERT, REALTORS NAMED NUMBER ONE MEGABROKER IN THE UNITED STATES IN NATIONAL REPORT


Related Articles
RATNERS GROUP ANNOUNCES NEW EXECUTIVE CHAIRMAN AND HOLIDAY SALES RESULTS
RATNERS GROUP COMPLETES WATCHES OF SWITZERLAND SALE
RATNERS GROUP PLC ANNOUNCES RESULTS FOR THE 52 WEEKS ENDED FEB. 1, 1992
RATNERS GROUP PLC 44,000,000 POUNDS STERLING 4 PERCENT CONVERTIBLE BONDS DUE 2002 CREATION OF SECURITY
RATNERS GROUP PLC ANNOUNCES UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS TO JULY 31, 1993
3rd Quarter Results.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters