Ayala Corporation
PSE Circular for Brokers No. 995-98 • Philippine Stock Exchange • Circulars for Brokers • May 12, 1998
Full text
May 12, 1998 PSE CIRCULAR FOR BROKERS NO. 995-98 SUBJECT : Ayala Corporation BPI Capital Corporation, Issue Manager of the Ayala Corporation Convertible Preferred Shares ("ACP"), informed the Exchange in a letter dated May 8, 1998 that the Conversion Price for ACP will be adjusted from P21.60 to P18.00 per common share effective on May 11, 1998, the ex-date of the 20% stock dividend on the Ayala Corporation common shares. Considering that May 11, 1998 is a legal holiday, market price adjustments of common shares will only be made on Tuesday, May 12, 1998. For your information. (SGD.) REYNOLD P. ONG VP, Listings & Disclosures Group
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.