PNOC Exploration Corporation Effectivity Date of Change in Par Value
PSE Circular for Brokers No. 436-98 • Philippine Stock Exchange • Circulars for Brokers • Mar 20, 1998
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March 20, 1998 PSE CIRCULAR FOR BROKERS NO. 436-98 SUBJECT : PNOC Exploration Corporation Effectivity Date of Change in Par Value Further to Company Notice No. 66 dated January 15, 1998, PNOC Exploration Corporation ("PEC") informed the Exchange, in a letter dated March 16, 1998, that the company has set May 4, 1998 as the effectivity date for the implementation of the new par value of PEC at P1.00 per share. Said date was purposely selected for the reasons that PEC has yet to retrieve old stock certificates at P0.01 par value, and in order to give sufficient time to PEC stockholders to surrender their old stock certificates and allow Philippine National Bank, PEC's stock transfer agent, to process the issuance of new stock certificates reflecting the new par value of P1.00. asaidc The change in PEC's par value will be reflected in the computer system of the Exchange (electronic board and ticker) on Monday, May 4, 1998 . For your information. (SGD.) MA. ISABEL T. GARCIA Head, Listing and Disclosures Group
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