AYALA Corp.'s board of directors on Thursday approved the issuance of peso preferred shares with a base amount of P10 billion and an oversubscription option for up to P5 billion, subject to regulatory requirements.
AYALA Corp.'s board of directors on Thursday approved the issuance of peso preferred shares with a base amount of P10 billion and an oversubscription option for up to P5 billion, subject to regulatory requirements.'Appropriate disclosures shall be made once the terms have been finalized,' the conglomerate said in a filing.The board also approved the declaration of a regular cash dividend of P4.19 per common share for the first half.
'The dividends shall be paid by electronic transfer to stockholders with enrolled accounts,' it said.Stockholders with no enrolled accounts will be issued a dividend check for pick up at BPI's Stock Transfer Service Inc. office beginning July 26.The country's oldest conglomerate recorded a net income of P17.3 billion in the first quarter this year, an increase of 22 percent from the P14.2 billion recorded a year earlier.Earlier this month, Ayala Corp.
Board Okays P15-B Share Offering
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ayala Corp appoints Erry Hardianto as CEO of AC LogisticsAyala Corp [AC 596.50 ?0.3%; 27% avgVol] [link] announced that will appoint Erry Hardianto as CEO of its subsidiary logistics holding company, AC Logistics (ACL), effective July 1.
Read more »
ECOP eyes P15-daily wage hikeDefining the News
Read more »
Councilor: City allocates P15-M for Duaw DavaoA DAVAO City councilor announced that the new festival, Duaw Davao, the city’s summer tourism campaign, has a budget of P15 million.
Read more »
PH debt surges to P15.02 trillion by April 2024SunStar Publishing Inc.
Read more »
NG debt balloons to P15.02T in AprilTHE peso's depreciation has weighed on the national government's (NG) outstanding debt, which hit P15.02 trillion in April.
Read more »
Philippines debt piles up to P15.02 trillion in AprilThe country’s outstanding debt crossed the P15-trillion level anew in April mainly due to higher borrowings and the depreciation of the peso against the dollar.
Read more »