Manila Mining Updates on Fully- and Partially-paid Shares

The Philippine Stock Exchange (PSE) has approved on 11 June 2010 the application of Manila Mining Corp. (PSE: MA) to list additional 22,375,540,151 common shares, consisting of 13,429,141,954 Class “A” shares and 8,946,398,197 Class “B” shares, with a par value of PhP0.01 per share, to cover its 1:8 stock rights offering to all stockholders of record as of March 10, 2010, at an offer price of P0.015 per share. In a corporate secretary’s certificate dated 28 December 2010, the Manila Mining certified that an additional 16,847 Class “A” shares were fully paid as of December 28, 2010. Thus, the total fully paid and partially paid shares under the company’s 1:8 stock rights offering are as follows:

 

 

SOURCE: Company Disclosure

In view thereof, the additionally fully paid 16,847 Class “A” shares may be traded starting on Wednesday, 12 January 2011. The designated stock transfer agent is hereby authorized to record and register in its books the additional 16,847 fully paid common shares. The transfer agent shall be authorized to record and register the remaining 10,837,572 partially-paid common shares only upon full payment of the same by the concerned subscribers.

Related Articles:

Leave a Reply