Cirtek Holdings Philippines Corp. (“Cirtek”), appoints BDO Unibank, Inc. (“BDO”) as the settlement bank for the issuance of Cirtek’s dollar-denominated Preferred B2 Subseries B Shares.
The appointment was approved by the board of directors of Cirtek in a meeting held on 16 December 2020. At present, only BDO is accredited by the Securities Clearing Corporation of the Philippines to act as settlement bank for dollar-denominated securities.
Dec 02, 2021
Published by Manila Standard
Cirtek Holdings Philippines Corp. said Thursday it obtained the approval of the Securities and Exchange Commission to issue P2.5-billion worth of preferred shares. Cirtek said in a disclosure to the stock exchange it would offer 50 million cumulative, non-participating, non-voting, non-convertible perpetual and redeemable preferred shares at P50 apiece. Cirtek will issue the preferred shares in two series, including Class B-2 Subseries C shares with a dividend rate of 6.5864 percent per annum, and Class B-2 Subseries D shares with a dividend rate of 7.7506 percent ...
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