Global Equities, Inc.
PSE Circular for Brokers No. 2792-99 • Philippine Stock Exchange • Circulars for Brokers • Oct 29, 1999
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October 29, 1999 PSE CIRCULAR FOR BROKERS NO. 2792-99 SUBJECT : Global Equities, Inc . Global Equities, Inc. ("GEI") advised the Exchange that the Securities and Exchange Commission (SEC) in an Order dated August 31, 1999, approved GEI's Amended Management Stock Option Plan, to wit: 1. Amendment of the price of the shares from One Peso and Twenty Five Centavos (P1.25) per share to One Peso (P1.00) per share; 2. Amendment to change the manner of payment from full payment at the time of the exercise of the option to an initial payment of twenty five percent (25%) of the total price of shares purchased with the balance being due and payable upon call by the Board of Directors; and 3. Amendment of the period within which the option may be exercised from three (3) years from approval, to five (5) years from approval. For your information. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group
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