PSE Circular for Brokers No. 2788-98
PSE Circular for Brokers No. 2788-98 • Philippine Stock Exchange • Circulars for Brokers • Dec 18, 1998
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December 18, 1998 PSE CIRCULAR FOR BROKERS NO. 2788-98 17 December 1998 PHILIPPINE STOCK EXCHANGE Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Telefacsimile No.: 636-0809/637-8811 Attention: Mr . Reynold T . Ong Listing and Disclosures Gentlemen : We disclose that at the Special Meeting of Stockholders on 17 December 1998, at 3:00 p.m., at which at least 2/3 of the stockholders of the Corporation was present, the stockholders unanimously approved a resolution to amend Article Seventh of the Articles of Incorporation of the Corporation to increase the authorized capital stock of the Corporation from One Billion Pesos (P1,000,000,000.00) to One Billion Five Hundred Million Pesos (P1,500,000,000) divided into One Billion Five Hundred Million (1,500,000,000) Common Shares with a par value of One Peso (P1.00) per share. The purpose of the increase in authorized capital stock is to enable the Corporation to raise equity and reduce debt. aisadc Very truly yours, (SGD.) ANTONIO A. PICAZO Corporate Secretary
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