| C04949-2018 |
| Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
|---|---|---|
| Common | 4,628,672,611 |
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| Subject of the Disclosure |
|---|
Board approval of LPZ common shares buy-back program. |
| Background/Description of the Disclosure |
The Board of Directors approved this afternoon the Lopez Holdings Corporation common shares buy-back program from July 2018 to July 2019 for up to Php400 million, from internally generated sources. With the Corporation's common stock being substantially undervalued, the program is intended to enhance shareholder value. |
| Other Relevant Information |
None. |
| Name | Maria Amina Amado |
|---|---|
| Designation | VP, Compliance Officer & Asst. Corp. Secretary |