PSE Circular for Brokers No. 964-99
PSE Circular for Brokers No. 964-99 • Philippine Stock Exchange • Circulars for Brokers • May 3, 1999
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May 3, 1999 PSE CIRCULAR FOR BROKERS NO. 964-99 Securities & Exchange Commission Director Linda A. Daoang Money Market Department S.E.C. Building, EDSA Mandaluyong City Philippine Stock Exchange Disclosure Department Listings and Disclosure Group 4/F PSE Center, Exchange Road Ortigas Center, Pasig City Gentlemen : This is to confirm the disclosure submitted by Ayala Corporation with the Securities & Exchange Commission and the Philippine Stock Exchange dated 03 May 1999, relative to the acquisition by Ayala Corporation of a controlling stake in Isla Communications Co. Inc. (Islacom), and discussions or negotiations regarding a future merger or acquisition by Globe Telecom, Inc. of Islacom. The objective of these discussions is to establish an even stronger provider of telecommunications services in the Philippines. This information is being made in compliance with the rules of the Securities & Exchange Commission and the Philippine Stock Exchange Thank you. Very truly yours, (SGD.) GIL B. GENIO Senior Vice President & Chief Financial Officer
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