The company plans to offer of approximately 1 Billion common shares (from unissued capital stock
and treasury shares) at a price of not less than P75 per share, it said in a letter signed by Ferdinand K.
(Pioneer) entered into an agreement of shareholders and for subscription of shares wherein RSIC shall issue 2.9 million new shares out of its unissued capital stock
to Meralco and Pioneer.
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
PAL Holdings will issue both companies 1.65 billion shares out of its unissued capital stock
, priced at P5 per share, or a total of P8.24 billion.
Likewise approved by stockholders was the issuance of shares in one or more tranches - whether out of the increase in authorized capital or out of the unissued capital stock
- at P1 per share to LBC Development Corp., the controlling shareholder of LBC Express which is in turn led by the Araneta family.
To prevent any significant dilution, BDO replaced the shares used to pay for this acquisition with the issuance of an equal number of new shares from its unissued capital stock
through a top-up and borrowing transaction with a substantial BDO shareholder.
Xurpas offered a total of some 344 million shares at P3.97 per share for the equivalent amount of P1.37 billion, all to be issued out of the company's authorized and unissued capital stock
. The public offer is also equivalent to 20 percent of the company's outstanding and issued common shares after the offering.
PNB issued 423.96 million new common shares out of its authorized and unissued capital stock
to swap for the outstanding Allied Bank common shares and preferred shares.