hey share and hare alike in NFC
Page 20
If you've noticed an error in this article please click here to report it so we can fix it.
)U'LL BE LUCKY, I muttered to yself when, in June, Peter iompson, the National Freight msortium's chairman and ief executive, asked existing areholders to offer some of eir lucrative shares to
embers of the staff who held ick when the original issue was ade 18 months ago. I was ,ong. The result of his appeal 3 s a triumph of comradeship eer cupidity.
More than 360,000 shares were snapped up by a further 2,723 employees, so that there are now over 13,000 holders of A ordinary shares. By not being greedy, existing shareholders also did themselves some good. The demand for shares could be met without issuing more than a few new ones, so that original holdings of equity have not been further diluted.
So a great experiment in industrial democracy goes from strength to strength.