Conisbrough and Swinton Times March 11th 1927.
The Colliery Combine.
Formation of The Holding Company
“Yorkshire Amalgamated Collieries, Ltd.”
Following the authorisation by the Railway and Canal Commission of the amalgamation of the Denaby and Cadeby mines, and the Denaby and Cadeby collieries, Ltd. with the Dinnington, Maltby and Rossington mines of the Sheepbridge Co. and Iron Co., Ltd., a holding company entitled “the Yorkshire Amalgamated Collieries, Ltd., has been registered with a nominal capital of £5 million. The company is to acquire the share capital of the four South Yorkshire collieries involved in the amalgamation scheme.
The Yorkshire Amalgamated Collieries, Ltd., was registered as a “public” company on March 7 with a nominal capital of £5 million in 4 million ordinary shares of £1 and 5 million deferred shares of 4s each. The shares (both ordinarily and deferred) are to be divided into groups, namely:
Group “A.” – Such of the said shares as shall be issued pursuant to the said scheme to shareholders in the Dinnington company in exchange of payment for shares in that company.
Group “B.” – Such shares as shall be similarly issued to shareholders in the Rossington company.
Group “C.” – Such shares as shall be similarly issued to shareholders in the Maltby companies.
Group “D.” – Such shares as shall be similarly issued to shareholders in the Denaby company.
Group “E.” – The remainder of the shares in the original capital.
The Ordinary and Deferred shares of group “B” shall not entitle the holders to participate in any dividends declared or paid on the ordinary and deferred shares respectively in respect of any financial year ending on any date and to area to January 1, 1930, and the ordinary and deferred chairs of group “E” shall not entitle the holder is to participate in any dividends declared are paid in the ordinary and deferred shares this effectively in respect of any financial year ending in any date anterior to January 1st, 1932.
The objects are to acquire all or any of the preference and ordinary shares of the Denaby and Cadeby Main Collieries, Ltd, the Dinnington Main Coal Co., Ltd., the Rossington Main Colliery, Company, Ltd, and the Maltby main colliery Co. Ltd., under or in pursuance of a scheme for the amalgamation of the said four companies, confirmed by the Railway and Canal Commission on March 3rd, under the mining industry act, 1926.
It is proposed to carry on, develop, and extend the business of mine owners and colliery proprietors carried on by these companies. The minimum cash subscription is seven shares.
During the period of original management the number of directors shall not exceed nine, plus one additional director for every complete 500,000 shares of group “E” for the time being issued. After the termination of the period the number of directors shall not be more than nine, nor less than five.