Alcan has announced:
the redemption of its Floating Rate Cumulative Redeemable Preference Shares, Series C, 1984 Issue and 1985 Issue, and its Cumulative Redeemable Preference Shares, Series E, on September 3, 2007.
The redemption price is CAD25.00 per Preference Share.
There are 4,199,900 Preference Share, Series C, 1984 Issue, 1,500,000 Preference Shares, Series C, 1985 Issue and 2,999,900 Preference Shares, Series E outstanding.
About time they got rid of those silly things, that’s what I say! This announcement is, presumably, related to the Rio Tinto agreement.
Thanks to assiduous reader SE for bringing this to my attention while the ink was still drying on the press release!