Letter to share-holders offering new shares




Letter to share-holders offering new shares :


ABC LIMITED

191 / N - Patricia Avenue
Liverpool – 600 020
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX



Subject : Issue of 1,00,000 ordinary shares of Rs. 10 each at par.


Sir,


The Directors feel satisfied that fair opportunities have flung open for expansion of production of scooters.


They have, accordingly, decided to enlarge the factory and to modernise the plant and equipment. This will enable the Company to meet the additional on-rush of demand and reap substantial profits with a lower cost of production that modernisation will ensure.


To put into operation these projects the Company will need an additional capital of Rs. 10,00,000 and the Directors have decided to raise this amount by means of issue of 1,00,00 ordinary shares of Rs. 10 each and to offer these shares at par to the existing share – holders of the Company pro – rata to their holdings.


Your holding in the Company entitles you to apply for additional shares. A memorandum outlining full particulars is enclosed. In case, you are interested, you may please send the Application Form duly filled in so as to reach this Office not later than Feb.28.


By order of the Board,


For ABC LIMITED


(V. RAJAN PETER)

Secretary




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