On the 31st of March 2015 Jones Ltd was registered with the NZ Companies Office. Jones Ltd has a balance date of 31 March. The prospectus offered for sale 1,000,000 ordinary shares at $6 each. External costs (advertising, legal fees, brokerage fees) associated with the issue were $50,000. The monies were due as follows: $2.00 on application; $2.00 due on allotment; and $2.00 on call 3 months after the allotment of the shares. Following is the timeline of events, April 1, 2015 - March 31, 2016: April 1st April 30th May 7th May 31st Aug 21st Sept 5th March 31st Prospectus issued. Received applications for 1,150,000 shares and all application monies. 1,000,000 ordinary shares were allotted on a pro rata basis. The excess cash received on application is to be retained in the company and set off against amounts receivable at allotment. All allotment monies due were received. Remaining capital was called. All call monies were received. The Board declared a dividend of 10 cents per share. Shareholder approval for this dividend will be sought at the annual general meeting in May 2016.