C06198-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 39,677,394,773 |
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Subject of the Disclosure |
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Update on the Company's Preferred Shares Offering |
Background/Description of the Disclosure |
Acting on authority delegated by the Board of Directors at the special meeting of the Board of Directors held on 25 July 2023, the President and the CFO of the Company approved the final terms and conditions of the Company’s issuance of up to Twelve Billion Five Hundred Million Pesos (Php12,500,000,000) worth of Twelve Million Five Hundred Thousand (12,500,000) Preferred Shares (the “Base Offer,” and such shares the “Base Offer Shares”) with an oversubscription option of up to Twelve Billion Five Hundred Million Pesos (Php12,500,000,000) worth of up to Twelve Million Five Hundred Thousand (12,500,000) Preferred Shares (the “Oversubscription Option,” such shares the “Oversubscription Shares,” and together with the Base Offer, the “Offer”) with a par value of Php1.00 per Preferred Share at an offer price of Php1,000.00 per Preferred Share (the “Offer Price”) to be offered in up to two (2) Series (the “Offer Shares” or “First Tranche Offer Shares”) |
Other Relevant Information |
Attached is the final terms and conditions of the Offer. |
Name | Alan Ascalon |
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Designation | Vice President/Asst. Corporate Secretary |