PSE Circular for Brokers No. 2881-99
PSE Circular for Brokers No. 2881-99 • Philippine Stock Exchange • Circulars for Brokers • Nov 12, 1999
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November 12, 1999 PSE CIRCULAR FOR BROKERS NO. 2881-99 November 11, 1999 Philippine Stock Exchange PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms. Grace B. De Guia Asst. Manager, Disclosure Dept. Gentlemen: Please be informed that the Philippine American Life and General Insurance Company (Philamlife) has sold 43,900,605 common shares of Far East Bank at P82.50 to Development Bank of Singapore Limited (DBS) representing 7.39% of the Bank's outstanding shares. The transaction was effected as a special block sale in the Philippine Stock Exchange trading floor yesterdays, November 10, 1999, after having obtained the Securities and Exchange Commission's approval for a special block sale that is exempted from the recently promulgated rules on block sales. Very truly yours, (SGD.) ANGELITA L. ORTEGA-CORTEZ First Vice President and Corporate Secretary
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