City & Land Developers, Inc., : Final Offer Price and Use of Proceeds
PSE Circular for Brokers No. 2909-99 • Philippine Stock Exchange • Circulars for Brokers • Nov 15, 1999
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November 15, 1999 PSE CIRCULAR FOR BROKERS NO. 2909-99 SUBJECT : City & Land Developers, Inc. Final Offer Price and Use of Proceeds EXECUTIVE SUMMARY Further to Circular No. 2776-99 dated October 28, 1999, please be informed of the final offer price and use of proceeds pertaining to the Initial Public Offering of City & Land Developers, Inc. (the "Company"), to wit: cdlex OFFER PRICE P3.95 per share USE OF PROCEEDS The proceeds from the offering amounting to P179,725,000.00 shall directly accrue to the selling shareholder, Cityland Development Corporation. For your information and guidance. (SGD.) MARIA ISABEL T. GARCIA OIC, Listings & Disclosure Group
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