Global Equities, Inc.
PSE Circular for Brokers No. 037-99 • Philippine Stock Exchange • Circulars for Brokers • Jan 7, 1999
Full text
January 7, 1999 PSE CIRCULAR FOR BROKERS NO. 037-99 SUBJECT : Global Equities, Inc . Global Equities, Inc. ("GEI") informed the Exchange that the Securities and Exchange Commission (SEC) approved on December 29, 1998 its Amended Articles of Incorporation, particularly the amendment to Article VII, reflecting the increase in its authorized capital stock from P2,000,000,000 . 00 , divided into 2,000,000,000 shares, to P3,500,000,000 . 00 , divided into 3,500,000,000 shares, with a par value of P1.00 per share. LLphil In relation thereto, the SEC, in an Order of even date, authorized the issuance of 375,000,000 shares, equivalent to P375,000,000.00, to cover the 25% stock dividend declared by the Board of Directors on May 4, 1998 and ratified by the stockholders on May 18, 1998, to stockholders of record as of January 27, 1999 . For your information. STOCK DIVIDEND UPDATE STOCK 25% EX-STOCK January 21, 1999 RECORD DATE January 27, 1999 (SGD.) RAFAEL L. LLAVE Chief Operating Officer
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.