PSE Circular for Brokers No. 545-00
PSE Circular for Brokers No. 545-00 • Philippine Stock Exchange • Circulars for Brokers • Mar 2, 2000
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March 2, 2000 PSE CIRCULAR FOR BROKERS NO. 545-00 Ms. Grace B. de Guia Asst. Manager, Disclosure Department Philippine Stock Exchange, Inc. 4th Flr. Phil. Stock Exchange Centre, Exchange Road, Ortigas Center, Pasig City Fax No. 6364809 Dear Ms. de Guia : We refer to your fax of today asking our confirmation/clarification of the news item appearing in today's issue of the Business World entitled "PNB to declare P7-B operating losses in '99". We wish to state that PNB's results of operation are still under audit by our external auditors, Punongbayan and Araullo. We will submit the audited financial statements to the appropriate regulatory agencies upon completion thereof. We, however, deny the accuracy of the matter relating to the alleged payment of US$11 Million to the former board of directors. prcd Should you have further questions, please let us know. Thank you. Very truly yours, (SGD.) RODERICK R.C. SALAZAR III Corporate Secretary
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