March 4, 1997
PSE LISTING CIRCULAR NO. 051-97
| SUBJECT | : | New and Amended Rules and Policies on Additional Listing Applications |
The following are the new and amended Rules and Policies of the Philippine Stock Exchange ("PSE") relating on Additional Listing Applications of listed companies as approved and adopted by the PSE Board of Governors on 8 January 1997: aisadc
1. Rule on Call and Full Payment of Unpaid Subscriptions for Pre-Emptive/Stock Rights Applications
"Before the filing of an application for additional listing of shares arising from a public offering or pre-emptive/stock rights offering, the company shall cause all its unpaid subscriptions to be fully paid."
2. New Rules on Period for Processing Pre-Emptive/Stock Rights Offerings
a) "The offering period shall commence not more than 30 days from the record date. The applicant shall submit to the Exchange for approval the final draft of its offering/information memorandum and subscription agreement at least seven days before the start of the offering period and prior to the printing of the final drafts."
b) "The SEC approval of the registration and licensing of the shares coming from...
