Premiere Horizon Announces SEC Approval of Stock Rights

Pasig—(PHStocks)—Premiere Horizon Alliance Corp. (PSE: PHA) has received the approval by the Markets and Securities Regulation Department of the Securities and Exchange Commission (SEC), PHA’s request for exemption from registration requirements under the Securities and Regulation Code of the 199,048,088 unclassified common shares with a par value of PhP0.25 per share to be issued out of the increase in authorized capital stock by way of a stock rights offering, as previously approved by the Board.