Press Release : "First Gen to Increase Its Authorized Capital and Undertake a Stocks Rights Offering

First Gen Corporation announced its intention to increase its authorized capital stock from Php3,270 million to Php7,250 million in line with the company's stock rights offering of approximately Php 15 billion.

The proposed increase in authorized capital stock, which is subject to approval by shareholders of the company and the Securities and Exchange Commission, comprises 3.23 billion common shares (with a par value of Php1.00 per share) and 1.5 billion voting preferred shares (with a par value of Php0.50 per share).

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