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PSE Circular for Brokers No. 2319-98

PSE Circular for Brokers No. 2319-98 • Philippine Stock Exchange • Circulars for Brokers • Oct 7, 1998

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October 7, 1998 PSE CIRCULAR FOR BROKERS NO. 2319-98 October 6, 1998 PHILIPPINE STOCK EXCHANGE, INC . 12th Floor, Tektite Towers Exchange Road, Pasig City Metro Manila Attention: Mr . Reynaldo P . Ong Listing and Disclosure Department Mr . Ruben Almadro Compliance and Surveillance Department Gentlemen : Further to out letter dated September 30, 1998, please be advised that pursuant to Securities and Exchange Commission (SEC) MMOD Resolution No. 052, dated October 6, 1998. Series of 1998, Ayala Land obtained today the approval of the SEC to issue, out of the unissued capital stock of Ayala Land, 205,941,727 shares of stock to Ayala Corporation at a price of P14,567 per share. For your information Very truly yours, (SGD.) MERCEDITA S. NOLLEDO Senior Vice President and Corporate Secretary

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