The Board approved today to declare stock dividends equivalent to Philippine Pesos One Hundred Million up to Two Hundred Thirty Million Pesos. The source will be the retained earnings as of December 31, 2019. The determination of the final stock dividends to be declared is delegated to the management of the Corporation.
The Record and Payment Dates for the stock dividend declaration will be set subject to the approval of the Securities and Exchange Commission of the Corporation's increase in its authorized capital stock.
In conjunction with this disclosure, please see also the Corporation's separate disclosures on the increase of the Corporation's authorized capital stock from P 377,993,600.00 to P 500,000,000.00 up to 1,000,000,000.00.
Source: Peso Economics
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