C02533-2024 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Update Authorized Representative for Share Buy Back Transactions |
Background/Description of the Disclosure |
On April 25, 2024, the members of the Board of Directors of Aboitiz Equity Ventures Inc. (AEV) renewed the authority and updated the list of authorized representatives of the company with the authority to: (i) buy back AEV’s own shares using internally generated excess cash; and (ii) purchase additional shares of Aboitiz Power Corporation (AboitizPower) and Unionbank of the Philippines (UnionBank). The Board has delegated to management the authority to decide when to acquire the company’s shares, as well as shares of AboitizPower and UnionBank, as and when market prices dictate and as opportunities arise. |
Other Relevant Information |
Please see attached. |
Name | Mailene de la Torre |
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Designation | Assistant Corporate Secretary |