Ayala Corporation holds ceremonial bell ringing for re-issuance of preferred shares

Ayala Corporation (stock symbol: AC) had a ceremonial bell ringing for the re-issuance of its Class “B” Series 2 preferred shares (stock symbol: APB2R) at the Philippine Stock Exchange (PSE) on Monday. The shares were re-issued on the PSE on November 29, 2019.

AC, the holding company of the Ayala Group, raised Php 15 billion from its preferred shares re-issuance, which was 1.84 times oversubscribed. AC’s businesses cover sectors such as real estate, financial services, telecommunications, water, industrial technologies, power, infrastructure, healthcare, education and technology venture.

“The successful re-issuance of the preferred shares is an indication of the level of confidence that investors have on the current performance and the strategic direction of the company,” said PSE Chairman Jose T. Pardo in his welcome remarks during the bell ringing ceremony.

Shown in photo (from left): AC Treasurer Estelito C. Biacora; AC Chief Human Resource Officer and Corporate Resources Group Head John Philip S. Orbeta; AC CFO Jose Teodoro K. Limcaoco; AC Independent Director Antonio Jose U. Periquet; AC Chairman and CEO Jaime Augusto Zobel de Ayala; PSE Chairman Jose T. Pardo; PSE President and CEO Ramon S. Monzon; PSE Directors Roberto Cecilio O. Lim and Wilson L. Sy; PSE COO Atty. Roel A. Refran and PSE Director Alejandro T. Yu.#