JG Summit Subsidiary Sells PhP32B Worth of JGS Stocks

Pasig—(PHStocks)—Express Holdings Inc., a wholly owned subsidiary of JG Summit Holdings Inc. (PSE: JGS), has sold 100 million shares of JGS via an accelerated overnight equity placement at a price of PhP32.00 per share on 25 September 2012.

The transaction was done to widen the shareholder base of the Company, and as a response to strong demand for the Company’s stock.

UBS AG acted as Sole Bookrunner for the transaction.