Amadeusz Juskowiak

Brown boveri omits dividend plans warrant bond

BBC AG Brown Boveri und Cie BBCZZ said it will omit dividend in 1986 for the second consecutive year

It said it planned to invite shareholders and nonvoting stockholders to subscribe to a warrant bond issue of around 150 mln Swiss francs to be made after the June 2 annual meeting

The value of the stock subscription rights should correspond roughly to the dividend of 30 francs per share paid in 1984 The company also plans to issue participation certificates with a par value of 70 mln Swiss francs from which existing shareholders are excluded

Reuter