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First Philippine Holdings Corporation additional investment in First Gen Corporation

Following the successful May 18, 2012 follow-on offering of First Gen Corporation's (First Gen) 100 million Series "G" preferred shares, First Philippine Holdings Corporation (FPHC) invested an additional PhP1.8 billion in First Gen's Series "G" preferred shares ("Series "G" Shares").

FPHC's additional investment corresponds to 20 million (of the 33,750,000) Series "G" Shares previously issued to it. The additional investment is by way of FPHC's payment of the difference between the issue price it previously paid, or PhP10.00 per share, and the issue price for the publicly-offered shares of PhP100.00 per share, for 20 million Series "G" Shares. With this additional investment, FPHC's 20 million Series "G" Shares will now be able to enjoy the same rights and benefits as the holders of the 100 million Series "G" Shares offered to the public on May 18, 2012. - https://www.affordablecebu.com/

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"First Philippine Holdings Corporation additional investment in First Gen Corporation" was written by Mary under the Business category. It has been read 1832 times and generated 0 comments. The article was created on 28 May 2012 and updated on 28 May 2012.

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