In January, the company's shareholders approved the issuance of up to 1.3 billion common shares from its
unissued capital stock.
As a result, PAL will issue a total of 1.65 billion shares from its authorized but
unissued capital stock in favor of Cosmic Holdings Corporation and Horizon Global Investments Limited.
Following the confirmation of the SEC, PAL Holdings will issue 123.54 million shares from its authorized but
unissued capital stock in favor of PAL shareholders who have participated in the share swap transaction.
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.
LBC will then subscribe to 3.28 million common shares out of the
unissued capital stock of the forwarding firm for P44.40 apiece or a for a total of P145.88 million.
During the annual meeting, shareholders of DoubleDragon ratified a plan to issue up to 150 million common shares from the company's authorized but
unissued capital stock.
The PNB common shares to be issued will be taken from PNB's authorized but
unissued capital stock at a price of R70.00 per share and listed with the PSE.
