Liability Management Exercise News Today : Breaking News, Live Updates & Top Stories | Vimarsana

MINUTES OF THE ANNUAL MEETING OF THE STOCKHOLDERS OF P-H-O-E-N-I-X PETROLEUM PHILIPPINES, INC. Stella Hizon Reyes Road, Bo. Pampanga,...

Phoenix Petroleum Philippines Inc. (PPPI) on Tuesday disclosed the value of the 85-percent stake it divested from its Singapore-based trading arm, PNX Petroleum Singapore Pte. Ltd. (PNX SG). At $0.85 apiece, the 22.6 million shares are worth $19.2 million or about P1.089 billion. “This transaction shall raise an immediate $19.2 million in cash for PPPI,

PHOENIX Petroleum Philippines, Inc. announced Monday that its board approved its divestment in PNX Petroleum Singapore Pte. Ltd. (PNX SG) via share buyback. “The divestment is consistent with and pursuant to the Liability Management Exercise (LME) in order to generate additional working capital to support core business operations,” the publicly-listed oil company told the stock

Investegate announcements from WestBromwich BldgSoc, Half-year Report

  The Society announced its full year results today, reporting a profit before tax of £4.7m, £3.2m higher than for the same period in the prior year . However, profit levels remain lower than our expectations at the time of the Liability Management Exercise (LME) undertaken in April 2018, primarily reflecting the current economic and operating environment.   The Society maintained the Interim Distribution for the period to 30 September 2020 at £0.50p per CCDS, which was paid in February 2021, and indicated an update would be provided alongside the full year ...