PSE Circular for Brokers No. 1302-98
PSE Circular for Brokers No. 1302-98 • Philippine Stock Exchange • Circulars for Brokers • Jun 10, 1998
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June 10, 1998 PSE CIRCULAR FOR BROKERS NO. 1302-98 PHILIPPINE STOCK EXCHANGE, INC. DISCLOSURE DEPARTMENT Listings & Disclosure Group Philippine Stock Exchange Center Exchange Road, Pasig City Gentlemen : Please be advised that in the meeting of the Board of Directors of Swift Foods, Inc., at 12:30 P.M. today, during which a quorum was present, the board approved the issuance of the underlying common shares for the 100,327,687 convertible preferred shares without greenshoe option and 50,163,844 convertible preferred shares greenshoe option issued by SFI at the conversion ratio of 1 preferred to 10 common shares. This issuance is conditioned upon the approval by the Securities and Exchange Commission of SFI's application for increase of its authorized capital stock from P1.6 Billion to P2.7 Billion. The approval was made in compliance with the requirements of PSE relative to SFI's pending pre-emptive rights offering. Thank You. Very truly yours, (SGD.) CRISTINA D. REYES
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