PSE Circular for Brokers No. 1844-98
PSE Circular for Brokers No. 1844-98 • Philippine Stock Exchange • Circulars for Brokers • Aug 7, 1998
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August 7, 1998 PSE CIRCULAR FOR BROKERS NO. 1844-98 August 5, 1998 Mr. Reynold P. Ong Vice President Listing & Disclosure Group Philippine Stock Exchange, Inc. Philippine Stock Exchange Centre Exchange, Road, Ortigas Center Pasig City Dear Mr. Ong : Please be advised that on August 05, 1998 the Board of Directors of Planters Development Bank approved the following in connection with the conversion of Adjustable Rate Preferred Shares (ARPS) into common shares on November 3, 1998: 1. The use of the book value of the bank common shares as of 31 December 1997 in determining the conversion price. 2. Payment in cash of unpaid dividends accruing to the shares being converted. 3. Redemption, upon request of the holders, of shares due for conversion but whose owners do not wish to exercise their conversion right. cdll Sincerely yours, (SGD.) RONALD A. POLIDO Corporate Secretary
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