 Italpinas Development Corporation to sell Five Million (5,000,000) shares of Constellation Energy Corporation (CEC) with a par value of P0.50 per share, and an aggregate par value of Two Million Five Hundred Thousand Pesos (P2,500,000), for a total consideration of P6,500,000.00. The Purchaser of the shares is CEC. Upon the purchase of the shares, such shall become treasury shares of Constellation Energy Corporation.
The terms and conditions of the transaction Number of shares to be acquired or disposed: 5,000,000 Percentage to the total outstanding shares of the company subject of the transaction: 25% Price per share: P0.50 The transaction price was calculated according to the audited book value of CEC as of December 31, 2023, as well as the market price of CEC’s real estate assets. |
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