Amended Rules and Policies on Additional Listing Applications (Amendments to "Manual of Rules Governing the Listing of Securities")

January 16, 1996PSE LISTING CIRCULAR NO. 028-96SUBJECT:Amended Rules and Policies on Additional Listing Applications (Amendments to "Manual of Rules Governing the Listing of Securities") EXECUTIVE SUMMARYIn order to further protect the investing public, the following are the amended Exchange Rules and Policies relating to Additional Listing Applications as approved and adopted by the Board of Governors: cdAPPLICATIONS FOR ADDITIONAL LISTING1. Record Dates for Pre-emptive Rights Offering"The company may set the record date for pre-emptive rights provided that the record date shall not be less than fifteen (15) trading days from approval by the Listing Committee."2. Mandatory Underwriting in Pre-emptive and/or Stock Rights Offerings"The company shall engage the services of an underwriter which shall underwrite the entire issue or shares not taken up in the offer."The foregoing Rules and Policies shall be supplemental to the Manual of Rules Governing the Listing of Securities (Listing Rules) approved by the Board of Governors on February 1995. Any rule or policy which is inconsistent herewith is hereby repealed or modified accordingly.The foregoing Rules and Policies shall be effective fifteen...