C06631-2023 |
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 |
Following the approval of the Board of Directors of the 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”), the Securities and Exchange Commission issued the attached Certificate of Filing of Enabling Resolution dated 3 August 2023. |
Other Relevant Information |
This disclosure is related to Disclosure Report No. C05680-2023 dated 26 July 2023. |
Name | Alan Ascalon |
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Designation | Vice President/Asst. Corporate Secretary |