PSE Acquires 28.91% of PDS

Makati—(PHStocks)—The Philippine Stock Exchange Inc. (PSE: PSE) and the Banker’s Association of the Philippines (BAP), on behalf of individual shareholder banks, have signed a Share Purchase Agreement (SPA) whereby PSE agreed to purchase 1,807,094 shares of PDS Holdings Inc. (PDS) from BAP, equivalent to 28.91% of PDS, for a total of purchase price of PhP650,553,840.00.

The purchase shall be subject to the approval by the Securities and Exchange Commission (SEC), and by any government agency as may be required by law, and to the compliance with the provisions in the articles of incorporation of PDS.

Closing date will be agreed upon by the parties upon fulfillment of the conditions, but in no case later than 27 November 2015.