PAL Voluntary Trading Suspension [Amend]

09 Jan 2018

We hereby tender a 5-day voluntary trading suspension (from 03 to 09 January 2018) due to the following SEC Certificates approving the (1) Amendment of Article VII by decreasing authorized capital stock by changing the par value thereof; (2) Amendment of Article VII by changing the par value from P0.45 to P1.00 per share thereof; (3) Decrease of capital stock from P30,000,000,000.00 divided into 30,000,000,000 shares of the par value of P1.00 each, to P13,500,000,000.00 divided into 30,000,000,000 shares of the par value of P0.45 each; and (4)Valuation of shares of stock in the amount of P8,239,795,265.00 be applied as full payment for the additional issuance of 1,647,959,053 common shares with a par value of P1.00 per share with APIC of P6,591,836,212.00, as it will affect the movement in the total stockholders' equity.

Stock Symbol(s) of Affected Securities

PAL
Trading Suspension Details:
Execution Date January 10, 2018
Execution Time 9:00AM
Lifting Date January 12, 2018
Lifting Time 9:00AM
Reason(s) for the request

The Company requests that the trading of its shares be suspended as stated above in order to verify the information requested by the Exchange.

Source: edge.pse.com.ph