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First Gen Corporation Board approves 2010 and 2011 Financial Statements and other matters

During the meeting of the First Gen Corporation Board of Directors held on March 19, 2012, the Board executed the following matters:
  1. The approval of First Gen Corporation's audited consolidated financial statements for the years ended December 31, 2011 and 2010.
  2. The approval of the issuance of up to 135 million Series "G" preferred shares by way of public offering, and the appointment of BDO Capital and Investment Corporation as issue Manager, Sole Bookrunner and Lead Underwirter; and
  3. The grant of authority to redeem, in whole or in part, the 33,750,000 Series "G" preferrred shares which were issued to First Philippine Holdings Corporation in connection with First Gen's petition to increase its authorized capital stock from PhP7,250 billion to PhP8,600 billion, which petition was approved by the Securities and Exchange Commission on March 13, 2012.
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"First Gen Corporation Board approves 2010 and 2011 Financial Statements and other matters" was written by Mary under the Business category. It has been read 1874 times and generated 0 comments. The article was created on and updated on 20 March 2012.
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