WEB
Oct 7, 2016 08:18 AM
Material information/Transaction:
The Philippine Stock Exchange,
Inc. 3rd Floor, Philippine Stock Exchange
Plaza Ayala Triangle, Ayala Avenue Makati City
Attention: Mr. Jose Valeriano B. Zuno III OIC Head, Disclosure Department
Gentlemen:
In connection with the disclosure made by the Company yesterday on the conclusion of the Sale and Purchase Agreement between the RVO Group of companies and Gregorio Araneta Inc. in which the former sold its 771,651,896 PhilWeb Corporation shares to Gregorio Araneta Inc. and that the first tranche of 653,151,896 shares will be completed through a special block sale in the Philippine Stock Exchange (PSE), the parties are now in the process of seeking approval from the Securities and Exchange Commission (SEC) for an exemption from the requirement that the tender offer to the stockholders of PhilWeb Corporation be first concluded before the said special block sale is approved by the PSE. The parties shall apply for approval of the block sale from the PSE as soon as the SEC grants the said exemption.
Very truly yours,
Raymund S. Aquino
Corporate Information Officer
Oct 7, 2016 08:18 AM
Material information/Transaction:
The Philippine Stock Exchange,
Inc. 3rd Floor, Philippine Stock Exchange
Plaza Ayala Triangle, Ayala Avenue Makati City
Attention: Mr. Jose Valeriano B. Zuno III OIC Head, Disclosure Department
Gentlemen:
In connection with the disclosure made by the Company yesterday on the conclusion of the Sale and Purchase Agreement between the RVO Group of companies and Gregorio Araneta Inc. in which the former sold its 771,651,896 PhilWeb Corporation shares to Gregorio Araneta Inc. and that the first tranche of 653,151,896 shares will be completed through a special block sale in the Philippine Stock Exchange (PSE), the parties are now in the process of seeking approval from the Securities and Exchange Commission (SEC) for an exemption from the requirement that the tender offer to the stockholders of PhilWeb Corporation be first concluded before the said special block sale is approved by the PSE. The parties shall apply for approval of the block sale from the PSE as soon as the SEC grants the said exemption.
Very truly yours,
Raymund S. Aquino
Corporate Information Officer
---SOURCE PSE EDGE---
X
Oct 07, 2016 09:11 AM
PRESS RELEASE:
---SOURCE PSE EDGE---
X
Oct 07, 2016 09:11 AM
PRESS RELEASE:
Xurpas acquires 100% stake in the fast-growing mobile advertising network in Asia Pacific
Xurpas has signed a deal with Art of Click Pte. Ltd. ("AOC") at an aggregate cost of approximately US$45 million. Xurpas and AOC completed the sale on October 6, 2016. Xurpas considers AOC's business an opportunity to grow its mobile consumer services by increasing its content offering.
This Report has been amended to attach the final draft of the Press Release, which reflects the changes in the date of report from "October 6, 2016" to "October 7, 2016" and Xurpas' last traded price from "P13.94/sh as of October 5, 2016" to "P14.08/sh as of October 6, 2016", and the exclusion of the last sentence in the second paragraph of the Press Release: "Net profit for the same period was SG$2.3 million."
This Report has been amended to attach the final draft of the Press Release, which reflects the changes in the date of report from "October 6, 2016" to "October 7, 2016" and Xurpas' last traded price from "P13.94/sh as of October 5, 2016" to "P14.08/sh as of October 6, 2016", and the exclusion of the last sentence in the second paragraph of the Press Release: "Net profit for the same period was SG$2.3 million."
