BDO to offer additional 800M Shares

The proceeds from the Stock Rights Offer will support the BDO’s medium-term growth objectives amid the country’s favorable macroeconomic prospects and provide a comfortable buffer over higher capital requirements with the forthcoming imposition of the Domestic Systemically Important Bank (DSIB) surcharge. The additional capital will also allow BDO to sustain its momentum and take advantage of the country’s growth opportunities.

Approximate proportion of One (1) Rights Offer share for every Five (5) existing shares.

 

If you are a $BDO share holder you should be availing of this option up to the maximum available as to not to lose the value of your share. Stock rights are usually offered at a discount so this is an opportunity to avail of BDO stocks at a lower price.

BDO’s parent conglomerate SM Investments Corp. has fully supported the stock rights offering and committed to subscribe to shares not taken up by minority shareholders.

Read more: https://business.inquirer.net/221474/bdo-sets-p60-b-stock-rights-offering#ixzz4TKsTSwR3
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