C06897-2016 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 620,224,590 | |
Preferred B Series 1 Shares | 20,000,000 | |
Preferred B Series 2 Shares | 27,000,000 | |
Voting Preferred Shares | 200,000,000 |
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Subject of the Disclosure |
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2016 ESOWN Grant |
Background/Description of the Disclosure |
Please be informed that the Personnel and Compensation Committee of our Board of Directors approved today our Company’s 2016 stock option program pursuant to our Employee Stock Ownership Plan (the “Plan”). The program authorizes the grant to 32 executives, in accordance with the terms of the Plan, stock options covering up to a total of 515,299 common shares at a subscription price of Php717.30 per share, which is the average closing price of our common shares at the Philippine Stock Exchange for 5 consecutive trading days ending yesterday, December 8, 2016. The Committee acted pursuant to its authority delegated by the Board to approve the program. |
Other Relevant Information |
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Name | Solomon Hermosura |
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Designation | General Counsel, Compliance Officer & Corporate Secretary |