BDO declares a property dividend of Treasury shares

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Philippine Stock Exchange News

BDO revealed that its board of directors approved the declaration of a property dividend of BDO Treasury shares that will result from the “eventual merger of BDO and SM Keppel Land Inc.”

] revealed that its board of directors approved the declaration of a property dividend of BDO Treasury shares that will result from the “eventual merger of BDO and SM Keppel Land Inc.” BDO said that the merger would result in the “creation of Treasury shares equivalent to approximately 1% of outstanding shares”. No dates were provided. The overall size of the dividend looks to be in the range of about 52 million BDO common shares, which works out to approximately 0.

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