August 12, 1997
PSE LISTING CIRCULAR NO. 131-97
SUBJECT : New Rules and Policies on Listing Applications
EXECUTIVE SUMMARY
The following are the new rules on additional listing applications approved and adopted by the Board of Governors:
1. Rule on Submission of Forecasted Financial Statements for Applications for Subsequent Public Offerings
"All companies applying for additional listing of shares arising from a subsequent public offering shall submit forecasted financial statements for the next full fiscal year.
If the application is filed during the first three quarters of the applicant's fiscal year, the company shall submit projected financial statements for its current fiscal year. On the other hand, if the application is filed during the last quarter of the applicant's fiscal year, the company shall submit unaudited actual financial statements for the past quarters of the current fiscal year, together with projected financial statements for the current and the following fiscal year." cdlex
2. Rule on Amendment to Work Program
"If a listed company intends to effect an amendment of its work program which shall render inaccurate or misleading the work program previously disclosed or...
