PSE Circular for Brokers No. 1113-98
PSE Circular for Brokers No. 1113-98 • Philippine Stock Exchange • Circulars for Brokers • May 22, 1998
Full text
May 22, 1998 PSE CIRCULAR FOR BROKERS NO. 1113-98 PHILIPPINE STOCK EXCHANGE PSE Centre, Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynold Ong Vice President Listing and Disclosure Group Gentlemen : Please be informed that during the Board of Directors meeting of Union Bank of the Philippines ("UBP") held on May 22, 1998, the Board approved that the basis of the cash dividend distribution declared in its meeting held on April 24, 1998 to come from the Bank's operations income as of December 31, 1997 includes the shares subscribed and fully paid by stockholders of the Bank on December 22, 1997 stock rights offering. Hence, the Bank's outstanding capital stock per books which will be the basis of cash dividend of 10 centavos per share shall now be at 526,052,360 shares which includes 84,394,560 additional shares representing the stock rights subscribed and fully paid for on December 22, 1997. For your information and guidance. Thank you. Very truly yours, (SGD.) FE B. MACALINO First Vice President/ General Counsel and Corporate Secretary
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.