PSE Approves SMC Application for Series 2 Preferred Shares Offering
Manila—(PHStocks)—The Board of Directors of The Philippine Stock Exchange Inc. (PSE), in its regular meeting on September 26, 2012, approved the application of San Miguel Corporation (PSE: SMC) for the listing of 1,067,000,000 Series 2 Preferred Shares, with a par value of PhP5.00 per share, covering the company’s public offering of the Preferred Shares at an Offer Price of PhP75.00 per share. The details of the public offering and the features of the Preferred Shares are provided in the company’s related corporate disclosures available for downloading at the Exchange website.
In this connection, the company advised PSE that it received the proceeds from the public offering of the Preferred Shares amounting to PhP80,025,000,000.00 corresponding to and full payment of 1,067,000,000 Preferred Shares. The Company further certified that the 1,067,000,000 Preferred Shares will be in uncertificated form and electronically lodged with the Philippine Depository and Trust Corporation at least one trading day prior to the actual listing of the said shares.
In view thereof, the listing of the 1,067,000,000 Preferred Shares is set for Friday, September 28, 2012.
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