March 4, 2013
PSE MEMORANDUM NO. LA-0102-13
| TO | : | The Investing Public |
| SUBJECT | : | Benguet Corporation Additional Listing |
The Exchange approved on April 8, 2008, based on the representation and documents submitted, the application of BENGUET CORPORATION ("BC" or the "Company") to list additional 4,202,400 common Class A shares, with a par value of P3.00 per share at an exercise price of P8.50 per share and 2,801,600 common Class B shares with a par value of P3.00 per share at an exercise price of P29.07 per share, to cover the Company's Stock Option Plan ("SOP" or the "Plan"). DCcHAa
On June 24, 2011, the Company's Board of Directors approved the distribution of the unavailed shares under the Plan to eligible participants. Further, on July 11, 2011, the Company's Board of Directors approved the setting of the exercise price at P16.50 per share for common Class "A" shares and P17.50 per share for common Class "B" shares in accordance with the terms and conditions of the Plan.
In this connection, please be advised that an additional 20,880 common Class A shares have been...
