THE Philippine Stock Exchange (PSE) said Thursday it has approved the application of Petron Corp. for the follow-on offering of up to 17 million preferred shares that will be issued in two subseries, Series 4D (PRF4D) and Series 4E (PRF4E) at an offer price of P1,000 each, raising P17 billion.
THE Philippine Stock Exchange said Thursday it has approved the application of Petron Corp. for the follow-on offering of up to 17 million preferred shares that will be issued in two subseries, Series 4D and Series 4E at an offer price of P1,000 each, raising P17 billion.
5, 2024 and end on Sep. 13, 2024.Meanwhile, the tentative listing date for the preferred shares will be on Sep. 23, 2025.This offering is the second tranche under Petron's 50 million 'Series 4' preferred shares shelf registration back in 2023, with the first tranche having a base offering of P12.50 million preferred shares and an oversubscription option of up to P10 million preferred shares and offer price of up to P1,000.00 per share.BDO Capital and Investment Corp.
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.
PSE approves Petron’s P17-b shares offeringDefining the News
Read more »
BAP expects PSE to submit offer to acquire PDS shares this weekDefining the News
Read more »
SEC approves Petron’s P17-b preferred sharesDefining the News
Read more »
Petron posted flat profit growth in first 6 monthsDefining the News
Read more »
Petron H1 revenues up 21%Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
More listings needed to attract PSE investorsTHE Philippine Stock Exchange (PSE) needs bigger companies to list publicly to increase value turnover and attract more investors, according to Unicapital Group.
Read more »