First Gen CorporationOn June 14, the board of directors of First Gen Corporation approved the declaration of cash dividends of P4.00 per share on all outstanding Series F preferred shares (FGENF) and P3.8904 per share on 112,740,140 outstanding Series G preferred shares.
Also approved was the declaration of cash dividends on 13,750,000 outstanding Series G preferred shares issued to First Philippine Holdings Corporation by way of private placement at P0.38904 per share.
The cash dividends have a record date of June 29, 2018 and a payment date of July 25, 2018.
First Gen will also redeem all outstanding FGENF on the same day (July 25, 2018) in accordance with the terms and conditions of their issuance. The company will pay in cash and in same-day funds the applicable redemption value of P100.00 per share to FGENF holders as of said date.