Remarks | C01588-2024 |
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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Request for Voluntary Trading Suspension on Account of Pending Price Setting for Tender Offer of PLC |
Background/Description of the Disclosure |
As discussed below, BEL is requesting for a voluntary suspension of the trading of its securities from 9:00 A.M. to 3:15 P.M. today, 20 March 2024, because of an anticipated happening of a material event in the middle of trading hours. The voluntary trading suspension is requested to ensure that the investing public will have equal access to the material information. |
Stock Symbol(s) of Affected Securities | BEL |
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Execution Date | Mar 20, 2024 |
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Execution Time | 9:00 am |
Lifting Date | Mar 20, 2024 |
Lifting Time | 3:15 pm |
Reason(s) for the request |
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Further to BEL’s previous disclosure on the approval by its Board of Directors of the conduct of a Tender Offer of the securities of its subsidiary, Premium Leisure Corp. (PLC), BEL’s Board of Directors has been scheduled to meet today, after its receipt of the Fairness Valuation Report prepared by First Metro Investment Corporation, to set the price for the Tender Offer as well as other terms and conditions for the same. |
Other Relevant Information |
The material information shall be disclosed as soon as the same shall have transpired with the approval of the Tender Offer terms and conditions by the BEL Board of Directors. |
Name | Michelle Angeli Hernandez |
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Designation | Vice President for Governance |