PSE Circular for Brokers No. 1178-98
PSE Circular for Brokers No. 1178-98 • Philippine Stock Exchange • Circulars for Brokers • May 28, 1998
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May 28, 1998 PSE CIRCULAR FOR BROKERS NO. 1178-98 Philippine Stock Exchange, Inc. Disclosure Department Listings and Disclosure Group 4th Floor, Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Mr . Reynold P . Ong Vice President Gentlemen : Please be informed that at today's regular meeting of the Board of Directors of San Miguel Corporation (SMC), the Board authorized Management to arrange the Company to vote in favor of the scheme of arrangement, capital reduction of all the shares of Coca-Cola Amatil Ltd. (CCA) and related elements of the proposed demerger of Coca-Cola Beverages plc (CCB) from CCA. The Board also authorized Management to allow SMC to participate in the Bookbuild and to sell 50 million shares of CCB out of the 212.3 million CCB shares SMC will receive from the implementation of the CCA scheme of arrangement subject to a price range acceptable to the SMC Board. Very truly yours, SAN MIGUEL CORPORATION By: (SGD.) LORNA PATAJO-KAPUNAN Vice President and Assistant Corporate Secretary
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