PSE Circular for Brokers No. 407-00
PSE Circular for Brokers No. 407-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 18, 2000
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February 18, 2000 PSE CIRCULAR FOR BROKERS NO. 407-00 The Philippine Stock Exchange, Inc. 4 Floor, Philippine Stock Exchange Center Exchange Road, Ortigas Center Pasig City Attention: Ms. Luisa W. Buenaventura Supervisor, Disclosure Department Gentlemen: This has reference to your communication of today requesting for clarification on the news item which appeared in today's issue of the Business World regarding Ayala Corporation's proposed financing activities. LibLex In reply, we wish to inform you that: Ayala Corporation has not come up with any definite timetable for the issuance of its Common X shares. The issuance of said shares will be dependent on a number of factors, including the conditions of the equities market as well as the utilization of proceeds from such issuance. We have received offers from various financial institutions for credit facilities in varying amounts. We continue to review these financing proposals but there has been no decision as yet as to whether we will accept these proposals. Thank you. Very truly yours, (SGD.) RUFINO LUIS T. MANOTOK Managing Director
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