PSE Circular for Brokers No. 2788-99
PSE Circular for Brokers No. 2788-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 29, 1999
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October 29, 1999 PSE CIRCULAR FOR BROKERS NO. 2788-99 October 28, 1999 PHILIPPINE STOCK EXCHANGE, INC . ( PSE ) Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City, Metro Manila Attention: Ms . Grace De Guia Assistant Manager Gentlemen/Mesdames: Pursuant to SEC and PSE's disclosure requirements, please be advised that the Board of Directors during its Regular Quarterly Meeting held this morning endorsed Management's Business Plans and Operating Targets for the Company. The Board approved the Company's 2000 Operating budget and the funding of Miscellaneous Capital projects worth P529.8 million. The Board agreed to Management's proposal to continue the study and development of the Petropower Project option for the Company. Finally, the Board elected as a Vice President, effective December 1, 1999, Mr. Alfred A. Trio, who has been designated to replace Mr. Apolinario G. Reyes, Jr., Vice President - Refinery who is retiring. cdlex We trust that we have sufficiently complied with your disclosure department. Very truly yours, (SGD.) LIBERADOR V. VILLEGAS Corporate Secretary
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