PSE Circular for Brokers No. 3298-99
PSE Circular for Brokers No. 3298-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 29, 1999
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December 29, 1999 PSE CIRCULAR FOR BROKERS NO. 3298-99 December 28, 1999 PHILIPPINE STOCK EXCHANGE, INC. 4/F Philippine Stock Exchange Center, PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . de Guia Assistant Manager Head, Disclosure Dep t. Gentlemen: The Board of Directors of Metropolitan Bank and Trust Company ("Metrobank") in its meeting held on December 28, 1999 approved the acquisition by purchase or otherwise of 11,797,972 common shares of the outstanding capital stock of the Solidbank Corporation, at a total purchase price of P6,766,136,942.00, or such number of shares equal to at least 51% of the outstanding capital stock, through the acquisition of the rights of First Metro Investment Corporation, a 100% subsidiary of Metrobank, which originally entered into the Escrow Agreement and Share Purchase Agreement for the acquisition of the shares. Very truly yours, (SGD.) ANTONIO V. VIRAY Senior 1st Vice President Asst. Corporate Secretary
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