PSE Circular for Brokers No. 859-99
PSE Circular for Brokers No. 859-99 • Philippine Stock Exchange • Circulars for Brokers • Apr 23, 1999
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April 23, 1999 PSE CIRCULAR FOR BROKERS NO. 859-99 Disclosure Department Listings and Disclosure Group 4/F Philippine Stock Exchange Center PSE Center, Exchange Road Ortigas Center, Pasig City Attention: Ms . Grace B . De Guia Assistant Manager Gentlemen : In response to your letter dated 23 April 1999, asking for an official, full and accurate disclosure on the matter of the sale of PCIBank shares, we have confirmed from Benpres Holdings Corporation that they, together with the JG Summit Group and the Meralco Pension Fund signed last night an agreement to sell their combined shareholdings of approximately 72% in Philippine Commercial International Bank. The proposed sale shall be conducted via a negotiated private sale or thru an auction to an interested investor. cdlex We hope you find the foregoing to your satisfaction. Very truly yours, PHILIPPINE COMMERCIAL INTERNATIONAL BANK By: (SGD.) LUTGARDA C. BAQUIRAN-PERALTA Assistant Corporate Secretary
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