Ayala Corporation reorganizes Finance Committee, declares cash dividends and approves memorandum of agreement with Metro Pacific Investments

At the regular meeting held in May 29, 2012, Ayala Corporation's Board of Directors approved the following:

The reorganization of the Finance Committee of the Board such as that the Committee is now composed of Mr. Delfin L. Lazaro as Chairman, and Messrs. Antonio Jose U. Periquet and Jaime Augusto de Ayala as members.
The declaration of regular cash dividend of P2.00 per share corresponding to the first semester ending June 30, 2012, on their outstanding common shares payable on July 12, 2012 to stockholders as of record date June 18, 2012.
The approval of the memorandum of agreement that they entered into on April 24, 2012 with Metro Pacific Investments Corporation to form an exclusive strategic partnership to jointly pursue and develop light rail projects in greater Metro Manila area. This was the subject of their disclosure on April 24, 2012.

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"Ayala Corporation reorganizes Finance Committee, declares cash dividends and approves memorandum of agreement with Metro Pacific Investments" was written by Mary under the Business category. It has been read 1615 times and generated 0 comments. The article was created on 29 May 2012 and updated on 29 May 2012.

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