54 million shares from its authorized but unissued capital stock
in favor of PAL shareholders who have participated in the share swap transaction.
During the annual meeting on Wednesday, shareholders of DoubleDragon ratified a plan to issue up to 150 million common shares from the company's authorized but unissued capital stock
In a disclosure to the Philippine Stock Exchange Tuesday, San Miguel said its board of directors had approved an offering of about one billion common shares to be taken out of its unissued capital stock
and treasury shares.
65 billion shares out of its unissued capital stock
, priced at P5 per share, or a total of P8.
20 apiece, from the company s unissued capital stock