A Brown Co. Inc. (BRN) tapped the equities market for its capital requirements and raised Php1.33 billion from the issuance of Series A preferred shares.
This is the first public offering of the company since its market debut in 1994.
The preferred shares, which trade using the ticker BRNP, were listed at the Philippine Stock Exchange Inc. (PSE) on November 29.
Photo shows (from left, by row): BRN President and CEO Robertino E. Pizarro, PSE COO Roel A. Refran; BRN Director Annabelle P. Brown, BRN Chairman Dr. Walter W. Brown, PSE President and CEO Ramon S. Monzon, PSE Issuer Regulation Division Head Marigel B. Garcia; PNB Capital and Investment Corporation President Gerry B. Valenciano, BRN CFO Marie Antoinette U. Quinito, BRN Vice President Paul Francis B. Juat and Securities Clearing Corporation of the Philippines COO Renee D. Rubio.