Comvita rewards loyal beekeepers with bonus share issue after takeover thwarted

Thu, 21 Jun 2012

By Jonathan Underhill June 21 (BusinessDesk) - Comvita, which makes products based on the virtues of honey, will reward shareholding beekeepers with a bonus issue after buying the stock on market. The company said it bought 177,354 ordinary shares at an average price of $3.24 and “has now completed the issue of these shares to its most loyal beekeeper suppliers.” That would be a total cost of $574,627. “These shares will be used as part of a value-add bonus scheme to reward our most loyal beekeeper suppliers who have contributed to the conti...

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