PHINMA sets share offer price at 3.5% discount

October 31, 2024

9:46PM PHT

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The Del Rosario family-led PHINMA Corp. is preparing to launch a P1-billion stock rights offering through the sale of 50 million shares at P20 each.

The offer price includes a 3.46 percent discount based on a 90-day trading average before Oct. 31, 2024.

Shareholders can buy one new share for every 5.73 shares held.

Key dates are Nov. 7 for the ex-rights date and Nov. 8 for the record date. The offer period runs from Nov. 13 -19, with a tentative listing set for Nov. 27.

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