Trans-Asia ("TA") Sets 2012 Stock Rights Offering Price at Php1.00
November 07, 2012
Trans-Asia Oil and Energy Development Corp, the end to end energy arm of the PHINMA Group, has set its stock rights offering price at Php 1.00 per share. The Offer will run from November 14 to November 20, 2012 and will consist of:
- a Rights Offer of 1,415,002,816 common shares, and
- an Overallotment Option of up to 212,250,422 common shares.
Each eligible shareholder is entitled to subscribe to one rights share for every two common shares held as of November 7, 2012.