PSE Circular for Brokers No. 383-98
PSE Circular for Brokers No. 383-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 16, 1998
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March 16, 1998 PSE CIRCULAR FOR BROKERS NO. 383-98 March 13, 1998 PHILIPPINE STOCK EXCHANGE, INC. 4/F Philippine Stock Exchange Centre Exchange Road, Ortigas Center Pasig, Metro Manila Attention : Compliance & Surveillance Department RE : Universal Rightfield Property Holdings, Inc . Gentlemen : Please be advised in a meeting held today, the Board of Directors of the Corporation resolved to authorize the private placement of up to Eight Hundred Forty Three Million One Hundred Fifty-Nine Thousand Nine Hundred Ninety (843,159,990) shares of common stock at the price of P1.00 per share or an aggregate amount of P843,159,990 . 00 , payable in full upon subscription, which shares are to come from the Corporation's unissued capital stock. For this purpose, the President and/or the Corporate Secretary were requested to take appropriate steps to secure the required regulatory approvals and/or exemptions for the issuance of new shares from the Securities and Exchange Commission, as well as to apply for listing of the same with the Philippine Stock Exchange. Thank you for your kind attention. Very truly yours, (SGD.) A. BAYANI K. TAN Corporate Secretary
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