Central Azucarera Don Pedro
PSE Circular for Brokers No. 2365-99 • Philippine Stock Exchange • Circulars for Brokers • Sep 21, 1999
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September 21, 1999 PSE CIRCULAR FOR BROKERS NO. 2365-99 SUBJECT : Central Azucarera Don Pedro Central Azucarera Don Pedro ("SGR") informed the Exchange that its Management has finalized and executed on September 13, 1999, a Memorandum of Agreement (MOA) stating the terms and conditions governing the acquisition of additional shares in Central Azucarera de la Carlota ("CAC") through the conversion of its P400M advances into equity, as approved by CAC's Board of Directors in its regular meeting held on June 17, 1999. llcd Under the MOA, SGR will subscribe to and acquire One Hundred Fourteen Million Two Hundred Eighty Five Thousand Seven Hundred Fourteen (114,285,714) Class "A" common shares worth One Hundred Fourteen Million Two Hundred Eighty Five Thousand Seven Hundred Fourteen Pesos (P114,285,714.00), to be issued by CAC out of the increase in its authorized capital stock. The subscription price for the shares shall be Three Pesos & 50/100 (P3.50) per share or the aggregate total of Four Hundred Million Pesos (P400,000.000.00). A copy of the Memorandum of Agreement is available for reference at the PSE Centre and PSE-Plaza Libraries. For your information. (SGD.) JOSE LUIS YULO, JR. President and CEO
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