Unusual Share Price Movement
PSE Circular for Brokers No. 1984-99 • Philippine Stock Exchange • Circulars for Brokers • Aug 10, 1999
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August 10, 1999 PSE CIRCULAR FOR BROKERS NO. 1984-99 August 9, 1999 PHILIPPINE STOCK EXCHANGE, INC . Philippine Stock Exchange Centre Exchange Road, Ortigas Center, Pasig City Fax No. 64-2051 and 637-8811 Attention: Atty . Ruben L . Almadro VP-Compliance & Surveillance Group SUBJECT : Unusual Share Price Movement Gentlemen : In reply to your letter dated August 9, 1999 inquiring into any information relating to the unusual movement in the share price of Philodrill "B" (OVB) shares, which depreciated by 39.13% from P0.4600 to P0.28 per share earlier today August 09, 1999, please be advised that we are not aware of any information relating to the unusual movement in the price of Philodrill "B" shares . We understand that the transaction at P0.2800 was an isolated one, a cross transaction for 10,000 shares only. Should you have any further question and/or clarification, please do not hesitate to call the undersigned at 631-1801 to 05 and 631-8151. Very truly yours, (SGD.) ADRIAN S. ARIAS Corporate Secretary
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