First Holdings Announces Share Buyback

First Philippine Holdings Corp. (PSE: FPH), a corporation with diversified interests in power generation and distribution, tollways, pipeline service, property development, manufacturing, construction and engineering services, bought back 550,000 common shares on February 1, in compliance with the Philippine Stock Exchange‘s (PSE) memorandum dated July 19, 2010.

After the transaction, the company’s total outstanding shares remain at 573,782,325, while treasury shares total 26,239,440.