Petron Corporation (PCOR) officially listed its Series 4A, 4B, and 4C preferred shares through a bell ringing ceremony at the Philippine Stock Exchange (PSE) on Friday, July 7, 2023. PCOR raised Php 14 billion from the sale of firm offer shares and over-allotment shares during its follow-on offering (FOO).
“It is auspicious that we are starting the second half of 2023 with the listing of Petron’s FOO preferred shares. Hopefully, it will send a positive signal to other companies that it’s a good time to raise capital again in the equity market,” said PSE President and CEO Ramon S. Monzon in his welcome remarks.
Mr. Monzon also congratulated PCOR on the company’s upcoming 90th anniversary. “For nine decades now, Petron has helped fuel the country’s economy through its wide network of service stations across the archipelago and through the operations of the country’s only operating refinery.”
Photos 1 & 2 (from left): PCOR General Counsel, Corporate Secretary and Compliance Officer Jhoanna Jasmine M. Javier- Elacio, PCOR Controller Myrna C. Geronimo, PCOR Deputy Chief Finance Officer and Treasurer Albert S. Sarte, PCOR Chief Finance Officer Emmanuel E. Eraña, PCOR Director and General Manager Lubin B. Nepomuceno, PSE President and CEO Ramon S. Monzon, PSE COO Atty. Roel A. Refran, PSE Issuer Regulation Division Head Atty. Marigel M. Baniqued-Garcia, PSE General Counsel Atty. Veronica V. Del Rosario and Securities Clearing Corporation of the Philippines COO Renee D. Rubio.
Photo 3 (from left): PCOR Director and General Manager Lubin B. Nepomuceno, PSE President and CEO Ramon S. Monzon, PSE Chairman Jose T. Pardo and PSE Director Chief Justice Teresita J. Leonardo-De Castro (ret.); PSE Directors Vivian Yuchengco, Ferdinand K. Constantino and Consuelo D. Garcia, China Banking Corporation CFO Patrick D. Cheng and PSE Treasurer Omelita J. Tiangco; Bank of Commerce Corporate Banking Group Division Head Maria Leticia D. Madridejos, PNB Capital and Investment Corporation President and CEO Gerry B. Valenciano, SB Capital Investment Corporation President and CEO Virgilio O. Chua, Philippine Commercial Capital, Inc. President Delta A. Audencial and PSE Corporate Secretary Atty. Aissa V. Encarnacion.
>>> Read the full story at The Philippine Stock Exchange, Inc. — PSE