BRIEF-ABS CBN Confirms On Jan 20, Board Approved Sale Of 21.3 Million Treasury Shares And 27.8 Million PDRS To Institutional Buyers
January 26, 2022 by Reuters
Share this article:
Jan 26 (Reuters) – ABS CBN Corp:
-
CONFIRMS ON JAN 20, BOARD APPROVED SALE OF 21.3 MILLION TREASURY SHARES AND 27.8 MILLION PDRS TO INSTITUTIONAL BUYERS AT 15.23 PESOS EACH
-
CONFIRMS THAT LOPEZ COMMITTED TO PURCHASE UP TO 500 MILLION PESOS OF SHARES AND PDRS NOT TAKEN UP BY INSTITUTIONAL INVESTORS
-
ON JAN 21, CONFIRMS THAT PROCEEDS FROM WILL BE USED FOR DIGITAL INITIATIVES, CONTENT PRODUCTION AND OTHER GENERAL CORPORATE PURPOSES
Source text for Eikon: ID:nPSX7C1dHJ
Further company coverage: ABS.PS
This article originally appeared on reuters.com