Global Equities, Inc.
PSE Circular for Brokers No. 850-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 23, 1999
Full text
April 23, 1999 PSE CIRCULAR FOR BROKERS NO. 850-99 SUBJECT : Global Equities, Inc . This is with reference to Circular No. 037-99 dated January 8, 1999 pertaining to the Securities and Exchange Commission's (SEC) Order dated January 7, 1999, authorizing the issuance of 375,000,000 shares of Global Equities, Inc. ("GEI"), equivalent to P375,000,000.00, for the stock dividend declared by the Board of Directors on May 4, 1998 and ratified by its stockholders on May 18, 1998, to stockholders of record as of January 27, 1999. GEI advised the Exchange that there was a typographical error made on the aforementioned copy of the SEC Order, the fifth line of which reads, "P1.00 or P375,000,000.00 to cover the 25% stock dividend declared," should instead read " P1 . 00 or P375,000,000 . 00 to cover the stock dividend declared ." cdlex In view thereof, please be clarified that the rate for the said stock dividend is 23 . 635% instead of 25% as previously disclosed. For your information. (SGD.) JOSE LUIS U. YULO, JR. President and CEO
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