Sharechat Logo

AMP wants more RBD stock

By Phil Boeyen, ShareChat Business News Editor

Thursday 2nd November 2000

Text too small?
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.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Restaurant Brands' 2Q sales rise 6.2 percent , led by Carl's Jr outlets
AMP 1H earnings creep ahead of forecast, appoints Craig Meller as CEO from next year
Is this the beginning of end for Starbucks?
Restaurant Brands bets on new brands to drive future earnings growth
Restaurant Brands expects 2014 profit will be marginally ahead of 2013
Restaurant Brands lifts 1st quarter sales 3.9 percent after adding Carl's Jr stores
Restaurant Brands scotches talk of buying Western Australian KFC stores
Restaurant Brands annual profit slips 4.5 percent, sees bigger earnings in 2013
Restaurant Brands 4th-qtr sales rise 4.5 percent as Carl's Jr makes up for Starbuck’s dip
NZ sharemarket to unleash demand for an extra $2 billion from investors, says AMP

IRG See IRG research reports