On 12 October 2017, the Board of Directors approved the conversion of the Company’s debt and deposits for future subscription amounting to Php 450,000,000 to equity at Php 1.13/share broken down as follows: Debt Liability Number of Shares Brownfield Holdings Incorporated----- Php 250,000,000.00 221,238,938 shares
Deposits for future subscription Valueleases, Inc. --------------------------- 100,000,000.00 88,495,575 shares RME Consulting, Inc. --------------------- 100,000,000.00 88,495,575 shares Total ---------------------------------------- Php 450,000,000.00 398,230,088 shares
After the payment of their corresponding documentary stamp tax (DST) today, the said shares are considered issued and outstanding but are yet to be listed.
As a result, the changes in number of issued and outstanding shares including the public float and foreign ownership level are shown below: |