PSE Circular for Brokers No. 1104-99
PSE Circular for Brokers No. 1104-99 • Philippine Stock Exchange • Circulars for Brokers • May 17, 1999
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May 17, 1999 PSE CIRCULAR FOR BROKERS NO. 1104-99 May 14, 1999 COMPLIANCE AND DISCLOSURE DEPARTMENT PHILIPPINE STOCK EXCHANGE PSE Center, Ortigas Complex Pasig City Attention: Ms . Grace B . De Guia Assistant Manager Gentlemen : We write in connection with our previous disclosure to your office dated 16 March 1999 regarding Equitable Banking Corporation's declaration of a 15% Stock Dividend. We would like to clarify that pursuant to Section 5.1(2) of the Warrant Instrument executed by Equitable Banking Corporation on 6 December 1996 (as amended on 13 March 1998), the Exercise Price of the Warrants has been automatically adjusted to P98,522 per share effective record date. The new Exercise Price is computed as follows: Exercise Price x 100% 100% + % of Declared Dividends P113.30 x 100% 115% New Exercise Price = P98,522 ====== Thank you. Very truly yours, (SGD.) ELMER B. SERRANO Officer-in-Charge Corporate Information Officer
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