The Philippine Stock Exchange (PSE) approved on January 9, 2008, the application of Pacific Online Systems Corp. (PSE: LOTO) to list additional 9,954,900 common shares, with a par value of P1.00 per share, to cover the company’s Stock Option Plan (SOP). The purchase price shall not in any case be less than the fair market value of the company’s shares. In no case, however, shall the purchase price be less than P8.88, which is Pacific Online Systems’ Initial Public Offering Price when it listed in the Exchange on April 12, 2007.
In this connection, an additional 511,000 common shares have been availed of and fully paid under the company’s SOP. In view thereof, the listing of additional 511,000 common shares availed of under Pacific Online Systems’ SOP is set for today, January 17, 2011. This brings the number of common shares listed under the company’s SOP to a total of 1,316,000 common shares.