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SEC-OGC Opinion No. 11-41

Availability of Pre-emptive Rights; Ownership Restrictions in the PSE

SEC-OGC Opinion No. 11-41 | 2011-10-05

Republic of the Philippines
Department of Finance
Securities and Exchange Commission
SEC Building, EDSA, Greenhills, Mandaluyong City
 
Office of the General Counsel
 
5 October 2011
 
SEC-OGC Opinion No. 11-41
Availability of Pre-emptive Rights;
Ownership Restrictions in the PSE
 
JOSELITO V. BANAAG
General Counsel
The Philippine Stock Exchange Inc.
PSE Plaza, Ayala Triangle,
Ayala Avenue, Makati City 1226
 
Sir:
 
This refers to your letter dated 12 August 2011 requesting for opinion on the availability of pre-emptive rights of existing shareholders of the Philippine Stock Exchange Inc. (PSE).
 
As disclosed in your letter...