News from FY2011-Q3
Redemption of Outstanding Preference Shares
Posted by eleitner on April 29, 2011
With all remaining company loans expected to be cleared this quarter, ÆSIR has begun the process of redeeming its outstanding preference shares. This move will further increase the value of its common shares, and will likely lead to larger dividends at fiscal year end. 9500 Preference shares were redeemed in April alone, with further redemptions expected throughout the quarter.
Movement of Shares
Posted by eleitner on April 15, 2011
April 2011 saw significant movement of ÆSIR shares, with more than 30,000 common shares traded. A great number of these were purchased though the cancellation of company preference shares at a rate of 1½ to one.
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