September 7, 1973
RULES ALLOWING TRADING OF "B" SHARES ON THE REGULAR BOARD AND REQUIRING BUYERS TO ACCEPT EITHER "B" OR "A" CERTIFICATES
In the interest and for the protection of investors, in case the capital stock of a listed company is divided into Class "A" and Class "B" shares so as to insure the 60% Filipino and 40% alien ownership of stock therein as required under existing applicable laws, the following rules and regulations shall be observed in the trading of said shares of stock in all operating stock exchanges to wit:
SECTION 1. The stock exchange shall provide a regular board under the name of each company listed and a "B" board for the exclusive trading of "B" shares. Any and all "B" shares may be sold also on the regular board, since said shares may be issued to Filipinos and aliens alike. Accordingly, buyers on the regular board shall accept the delivery of either "A" or "B" certificates or "B" certificates and cannot choose. llcd
SECTION 2. Where "A" certificates or "B" certificates are delivered for...
