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PhilWeb Corporation Stockholders approves the stock dividend declaration...

At the annual stockholders' meeting of PhilWeb Corporation (the "Company") held in April 19, 2012, the stockholders, representing not less than two-thirds (2/3) of the outstanding capital stock, approved the declaration of a twenty percent (20%) stock dividend payable on 30 May 2012 to shareholders of record as of 4 May 2012.
The 252,311,194 shares of stock to be issued to the stockholders under the stock dividend declaration will be taken from the existing unissued shares of the Company.
 

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"PhilWeb Corporation Stockholders approves the stock dividend declaration" was written by Mary under the Business category. It has been read 1367 times and generated 0 comments. The article was created on and updated on 20 April 2012.
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