The Philippine Securities and Exchange Commission has considered favorably Ayala Corporation’s planned offering of preferred shares of up to PHP 20 billion. The Commission En Banc resolved to render effective the registration statement covering the re-issuance of five million preferred B shares, with an overallotment option of up to five million shares, subject to the company’s compliance with remaining requirements. The preferred shares will be offered at PHP 2,000 per share and, if the overallotment is fully subscribed, could raise up to PHP 19.86 billion. Proceeds are earmarked for repayment of short-term bank loans and for general corporate purposes and capital expenditures. The shares are expected to be re-issued and listed on the Main Board of the Philippine Stock Exchange on June 18, with trading expected to start on the same date.
Philippine Securities and Exchange Commission 2025-05-28
Philippine Securities and Exchange Commission approves Ayala Corporation preferred share re-issuance of up to PHP 20 billion
The Philippine Securities and Exchange Commission approved Ayala Corporation's offering of preferred shares worth up to PHP 20 billion, subject to compliance with remaining requirements. The offering includes five million preferred B shares with an overallotment option, priced at PHP 2,000 per share. Proceeds will be used for loan repayment, corporate purposes, and capital expenditures, with listing on the Philippine Stock Exchange expected on June 18.