PSE Circular for Brokers No. 1190-98
PSE Circular for Brokers No. 1190-98 • Philippine Stock Exchange • Circulars for Brokers • May 29, 1998
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May 29, 1998 PSE CIRCULAR FOR BROKERS NO. 1190-98 SUBJECT : Unionbank of the Philippines Second Round Offering Further to Stock Rights Notice No. 52 dated November 13, 1997, please be informed that the Board of Directors of UNIONBANK OF THE PHILIPPINES (the " Company ") approved the second round offering of the unsubscribed portion of the Offer Shares under the following terms and conditions: Total Offer shares (excluding 4,342 fractional shares) 109,588,164 common shares Less: Subscribed shares (84,394,560 common shares) Unsubscribed shares 25,193,604 common shares Offer Period to Submit Application to Subscribe to Unsubscribed Portion July 31, 1998 Offer Price P18.25 per share Payment Date October 29, 1998 Payment Terms Full payment on payment date Formula for Determination of One (1) share for every 17.292 Subscription to Second Round shares of every stockholder who availed of First Round of Subscription For your information and guidance. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group
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