Mr. Hector Grant, Chairman of Hector & Grant
Limited, gives a speech -and a very special announcement- atthe official opening of the new factory extension:
GRANT
Ladies
and gentlemen. You all know what this little ceremony is about:to launch this new
extension. I would like to tell you something about the state of our
company and what we hope to do in the future. At the annual general
meeting of Harper & Grant, held this morning, the necessary
resolutions were passed, to allow a substancial increase in our
authorised capital and to change the articles, so that the shares of
the company may be freely bought and sold on the open market...
We're going public...
VOICE
What about the
workers?
GRANT
Anyone
will be able to buy Harper & Grant shares. But we are proposing to
issue a special class of share, with all the rights attaching to the
ordinary shares, which can be bought and sold by employees only, at
a price below the open market value. We want all employees to have
the chance to participate in what we're sure will be the successful
future of their company. As we continue
to stride forward, we must
keep a fair balance between the perhaps somewhat conservative wisdom
and
care for detail that comes
with experience, and the adventurous spirit of high endeavour. With
your help, success will be assured.
(Applause.)
GLOSSARY: to stride forward: to go towards a promissory future
(acercarse resueltamente al futuro);
to care for: to look after, take care of(cuidar, controlar, preocuparse por).
STEP 9
Activities with
Answers
ANSWERS
B.
The
report below will soon be
publishedinHarper & Grant
staff magazine. It gives an
account of
what Mr.
Hector Grant said in his speech
during the Official Opening of the Factory Extension.
Choose the best alternative from the
menu to complete
the report.
At
the official opening of the new factory extension last Thursday the
Chairman,
Mr.
Hector Grant, welcoming everybody,
announced that Harper
&
Grant would become a
public company.
He went
to say that the management proposed to issue
a special class of share,
all the rights of an ordinary share
(voting rights,
dividends, etc.)
could be bought and sold
by employees only, at a
lower price
the market value.
Mr. Grant added that the
directors wanted all the staff to share in
they were sure would be
the successful future of the company. He also pointed
that it is important to keep a balance
prudence and a spirit of
adventure.
He finished
saying that with the help of all Harper & Grant
staff,
