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AMP wants more RBD stock

By Phil Boeyen, ShareChat Business News Editor

Thursday 2nd November 2000

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Funds manager AMP is back in the market for more Restaurant Brands stock just a day after taking a market stand for 13.8 million shares of the fast-food company.

AMP Custodial Investments No.1 plans to acquire 4.65 million ordinary RBD shares at between $1.10 and $1.25. Wednesday's market stand, on behalf of AMP Henderson Global Investors, was for shares at $1.25, and was completed in one day.

Under NZSE rules AMP has had to notify the market of its intention to buy further shares because the acquisition will take its holding to more than 20%.

AMP says that if it acquires the 4.65 million shares in Restaurant Brands it will then hold a total of 23 million shares, or 24.97% of the company.

In its notice of restricted transfer to the market AMP says the shares will be acquired through the NZSE order matching market, with the transfers to be effected from November 3rd until December 1st.

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