04-Sep-2018 10:21 AM

Material Information/Transactions

Direct News Source

Please be advised that the Company's Application for Equity Restructuring has been granted by the Securities and Exchange Commission in a Certificate dated 23 August 2018.

With the grant of the said application, the Company's Additional Paid-In Capital of PhP25,339,985,000.00 shall be used to partially wipe out the Company's deficit of PhP29,073,623,000.00.

This press release was sourced from PAL Holdings on 03-Sep-2018.